2022
Exports
$429kWorld Rnk 88 / 186
Flag Rnk 678 / 1142
2022
PRODUCT COMPLEXITY IN Electric Motor Parts
0.66Rnk 292 / 1025
2022
Imports
$79.1MWorld Rnk 48 / 219
Flag Rnk 188 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $429k in Electric Motor Parts, making it the 88th largest exporter of Electric Motor Parts in the world. At the same year, Electric Motor Parts was the 678th most exported product in Colombia. The main destination of Electric Motor Parts exports from Colombia are: United States ($204k), Costa Rica ($60.2k), France ($28.3k), Brazil ($24.4k), and China ($17.8k).

The fastest growing export markets for Electric Motor Parts of Colombia between 2021 and 2022 were United States ($175k), Costa Rica ($54.7k), and France ($28.3k).

Imports In 2022, Colombia imported $79.1M in Electric Motor Parts, becoming the 48th largest importer of Electric Motor Parts in the world. At the same year, Electric Motor Parts was the 188th most imported product in Colombia. Colombia imports Electric Motor Parts primarily from: China ($29.1M), India ($18.3M), Finland ($7.53M), United States ($6.58M), and Brazil ($5.23M).

The fastest growing import markets in Electric Motor Parts for Colombia between 2021 and 2022 were China ($24.2M), India ($17.6M), and Russia ($2.74M).

Latest Trends

Jul 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 Electric Motor Parts. 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 (2022)$429k
IMPORTS (2022)$79.1M
NET TRADE (2022)-$78.6M

In 2022, Colombia exported $429k in Electric Motor Parts. The main destinations of Colombia exports on Electric Motor Parts were United States ($204k), Costa Rica ($60.2k), France ($28.3k), Brazil ($24.4k), and China ($17.8k).

In 2022, Colombia imported $79.1M in Electric Motor Parts, mainly from China ($29.1M), India ($18.3M), Finland ($7.53M), United States ($6.58M), and Brazil ($5.23M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Motor Parts EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
United States$175k (610%)
Costa Rica$54.7k (992%)
France$28.3k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motor Parts BY Colombia WERE (2021 - 2022):
Argentina-$76.4k (-100%)
Ecuador-$67.2k (-79.4%)
Jamaica-$28.1k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Electric Motor Parts were:
China $6.95B
Germany $2.21B
Japan $1.62B
In 2022, Colombia's main importing competitors in Electric Motor Parts were:

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Trade Value of Electric Motor Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $329k
TOP IMPORT POTENTIALChina+ $9.36M

Electric Motor Parts’s highest export potential is United States. With an export gap of $329k.   Electric Motor Parts’s highest import potential is China with an import gap of $9.36M.

See methodology.

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