2023
Exports
$11.9MWorld Rnk 24 / 196
Flag Rnk 217 / 1150
2023
PRODUCT COMPLEXITY IN Hand Tools
0.76Rnk 262 / 1025
2023
Imports
$12.8MWorld Rnk 49 / 220
Flag Rnk 470 / 1192
2023
ECONOMIC COMPLEXITY of Colombia
0.23Rnk 51 / 132

About

Exports In 2023, Colombia exported $11.9M in Hand Tools, making it the 24th largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 217th most exported product in Colombia. The main destination of Hand Tools exports from Colombia are: Netherlands ($1.79M), Ecuador ($1.78M), United States ($1.23M), Peru ($1.05M), and United Kingdom ($1.02M).

The fastest growing export markets for Hand Tools of Colombia between 2022 and 2023 were United Kingdom ($708k), Bolivia ($289k), and Netherlands ($243k).

Imports In 2023, Colombia imported $12.8M in Hand Tools, becoming the 49th largest importer of Hand Tools in the world. At the same year, Hand Tools was the 470th most imported product in Colombia. Colombia imports Hand Tools primarily from: China ($6.28M), India ($2.82M), Chinese Taipei ($767k), United States ($733k), and Brazil ($459k).

The fastest growing import markets in Hand Tools for Colombia between 2022 and 2023 were Indonesia ($80k), Netherlands ($57.1k), and Gabon ($44.7k).

COMPANIES In 2024, leading companies such as Fetzer Vineyards (1) were at the forefront of shipping Hand Tools from Colombia to the United States.

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 Hand Tools. 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)$11.9M
IMPORTS (2023)$12.8M
NET TRADE (2023)-$878k

In 2023, Colombia exported $11.9M in Hand Tools. The main destinations of Colombia exports on Hand Tools were Netherlands ($1.79M), Ecuador ($1.78M), United States ($1.23M), Peru ($1.05M), and United Kingdom ($1.02M).

In 2023, Colombia imported $12.8M in Hand Tools, mainly from China ($6.28M), India ($2.82M), Chinese Taipei ($767k), United States ($733k), and Brazil ($459k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR Colombia WERE (2022 - 2023):
United Kingdom$708k (228%)
Bolivia$289k (331%)
Netherlands$243k (15.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY Colombia WERE (2022 - 2023):
Ecuador-$570k (-24.2%)
Australia-$303k (-32%)
Guatemala-$218k (-47.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Colombia's main exporting competitors in Hand Tools were:
In 2023, Colombia's main importing competitors in Hand Tools were:

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Trade Value of Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $331k
TOP IMPORT POTENTIALChina+ $652k

Hand Tools’s highest export potential is Germany. With an export gap of $331k.   Hand Tools’s highest import potential is China with an import gap of $652k.

See methodology.

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