2023
Exports
$109MWorld Rnk 9 / 151
Flag Rnk 45 / 1150
2023
PRODUCT COMPLEXITY IN Coconut Oil
-1.7Rnk 972 / 1025
2023
Imports
$8.86MWorld Rnk 54 / 210
Flag Rnk 542 / 1192
2023
ECONOMIC COMPLEXITY of Colombia
0.23Rnk 51 / 132

About

Exports In 2023, Colombia exported $109M in Coconut Oil, making it the 9th largest exporter of Coconut Oil in the world. At the same year, Coconut Oil was the 45th most exported product in Colombia. The main destination of Coconut Oil exports from Colombia are: Mexico ($31.4M), Netherlands ($21.9M), Argentina ($13.6M), Brazil ($12.5M), and Germany ($8.46M).

The fastest growing export markets for Coconut Oil of Colombia between 2022 and 2023 were Ecuador ($5.46M), Argentina ($1.91M), and Panama ($464k).

Imports In 2023, Colombia imported $8.86M in Coconut Oil, becoming the 54th largest importer of Coconut Oil in the world. At the same year, Coconut Oil was the 542nd most imported product in Colombia. Colombia imports Coconut Oil primarily from: Venezuela ($2.74M), Mexico ($1.59M), Peru ($1.3M), United States ($907k), and Philippines ($618k).

The fastest growing import markets in Coconut Oil for Colombia between 2022 and 2023 were Peru ($917k), Vietnam ($268k), and Sri Lanka ($211k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Coconut Oil. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$109M
IMPORTS (2023)$8.86M
NET TRADE (2023)$101M

In 2023, Colombia exported $109M in Coconut Oil. The main destinations of Colombia exports on Coconut Oil were Mexico ($31.4M), Netherlands ($21.9M), Argentina ($13.6M), Brazil ($12.5M), and Germany ($8.46M).

In 2023, Colombia imported $8.86M in Coconut Oil, mainly from Venezuela ($2.74M), Mexico ($1.59M), Peru ($1.3M), United States ($907k), and Philippines ($618k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Coconut Oil EXPORT MARKETS FOR Colombia WERE (2022 - 2023):
Ecuador$5.46M (644%)
Argentina$1.91M (16.4%)
Panama$464k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coconut Oil BY Colombia WERE (2022 - 2023):
Netherlands-$33.6M (-60.5%)
Italy-$6.5M (-82.7%)
Mexico-$6.24M (-16.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Colombia's main exporting competitors in Coconut Oil were:
In 2023, Colombia's main importing competitors in Coconut Oil were:

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Trade Value of Coconut Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBrazil+ $6.97M
TOP IMPORT POTENTIALPhilippines+ $562k

Coconut Oil’s highest export potential is Brazil. With an export gap of $6.97M.   Coconut Oil’s highest import potential is Philippines with an import gap of $562k.

See methodology.

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