2022
Exports
$38.5kWorld Rnk 78 / 167
Flag Rnk 950 / 1142
2022
PRODUCT COMPLEXITY IN Electric Musical Instruments
0.55Rnk 344 / 1025
2022
Imports
$8.34MWorld Rnk 47 / 210
Flag Rnk 597 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $38.5k in Electric Musical Instruments, making it the 78th largest exporter of Electric Musical Instruments in the world. At the same year, Electric Musical Instruments was the 950th most exported product in Colombia. The main destination of Electric Musical Instruments exports from Colombia are: Japan ($14.5k), Ecuador ($6.24k), Spain ($3.23k), United States ($2.5k), and Austria ($2.17k).

The fastest growing export markets for Electric Musical Instruments of Colombia between 2021 and 2022 were Japan ($14.5k), Ecuador ($6.24k), and Austria ($2.17k).

Imports In 2022, Colombia imported $8.34M in Electric Musical Instruments, becoming the 47th largest importer of Electric Musical Instruments in the world. At the same year, Electric Musical Instruments was the 597th most imported product in Colombia. Colombia imports Electric Musical Instruments primarily from: China ($5.32M), Indonesia ($1.28M), Malaysia ($414k), India ($390k), and United States ($274k).

The fastest growing import markets in Electric Musical Instruments for Colombia between 2021 and 2022 were India ($389k), Malaysia ($172k), and Mexico ($138k).

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 Musical Instruments. 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)$38.5k
IMPORTS (2022)$8.34M
NET TRADE (2022)-$8.3M

In 2022, Colombia exported $38.5k in Electric Musical Instruments. The main destinations of Colombia exports on Electric Musical Instruments were Japan ($14.5k), Ecuador ($6.24k), Spain ($3.23k), United States ($2.5k), and Austria ($2.17k).

In 2022, Colombia imported $8.34M in Electric Musical Instruments, mainly from China ($5.32M), Indonesia ($1.28M), Malaysia ($414k), India ($390k), and United States ($274k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Musical Instruments EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Japan$14.5k (1%)
Ecuador$6.24k (1%)
Austria$2.17k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Musical Instruments BY Colombia WERE (2021 - 2022):
Canada-$6.98k (-100%)
Switzerland-$6.87k (-86.3%)
Australia-$3.63k (-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 Musical Instruments were:
In 2022, Colombia's main importing competitors in Electric Musical Instruments were:

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Trade Value of Electric Musical Instruments by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALJapan+ $14.1k
TOP IMPORT POTENTIALIndonesia+ $570k

Electric Musical Instruments’s highest export potential is Japan. With an export gap of $14.1k.   Electric Musical Instruments’s highest import potential is Indonesia with an import gap of $570k.

See methodology.

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