2022
Exports
$10.7MWorld Rnk 24 / 203
Flag Rnk 217 / 1142
2022
PRODUCT COMPLEXITY IN Hand Tools
0.83Rnk 235 / 1025
2022
Imports
$17.5MWorld Rnk 39 / 220
Flag Rnk 436 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $10.7M 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: Ecuador ($2.39M), Netherlands ($1.54M), Peru ($1.24M), Australia ($939k), and Canada ($514k).

The fastest growing export markets for Hand Tools of Colombia between 2021 and 2022 were Canada ($502k), United Kingdom ($310k), and Australia ($197k).

Imports In 2022, Colombia imported $17.5M in Hand Tools, becoming the 39th largest importer of Hand Tools in the world. At the same year, Hand Tools was the 436th most imported product in Colombia. Colombia imports Hand Tools primarily from: China ($8.78M), India ($4.07M), United States ($871k), Chinese Taipei ($834k), and Mexico ($778k).

The fastest growing import markets in Hand Tools for Colombia between 2021 and 2022 were China ($1.34M), United States ($201k), and Mexico ($154k).

Latest Trends

Sep 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 (2022)$10.7M
IMPORTS (2022)$17.5M
NET TRADE (2022)-$6.78M

In 2022, Colombia exported $10.7M in Hand Tools. The main destinations of Colombia exports on Hand Tools were Ecuador ($2.39M), Netherlands ($1.54M), Peru ($1.24M), Australia ($939k), and Canada ($514k).

In 2022, Colombia imported $17.5M in Hand Tools, mainly from China ($8.78M), India ($4.07M), United States ($871k), Chinese Taipei ($834k), and Mexico ($778k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Canada$502k (4.51k%)
United Kingdom$310k (1%)
Australia$197k (26.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY Colombia WERE (2021 - 2022):
Peru-$1.2M (-49.3%)
Netherlands-$265k (-14.7%)
United States-$101k (-73.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Hand Tools were:
In 2022, 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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