2022
Exports
$6.79MWorld Rnk 72 / 151
Flag Rnk 285 / 1142
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron
0.41Rnk 402 / 1025
2022
Imports
$462MWorld Rnk 40 / 214
Flag Rnk 25 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $6.79M in Hot-Rolled Iron, making it the 72nd largest exporter of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 285th most exported product in Colombia. The main destination of Hot-Rolled Iron exports from Colombia are: Venezuela ($6.09M), Panama ($350k), Ecuador ($130k), United States ($85.4k), and Dominican Republic ($59k).

The fastest growing export markets for Hot-Rolled Iron of Colombia between 2021 and 2022 were Venezuela ($3.75M), Panama ($178k), and United States ($85.4k).

Imports In 2022, Colombia imported $462M in Hot-Rolled Iron, becoming the 40th largest importer of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 25th most imported product in Colombia. Colombia imports Hot-Rolled Iron primarily from: Japan ($157M), China ($145M), Brazil ($81M), Mexico ($33.8M), and South Korea ($19.2M).

The fastest growing import markets in Hot-Rolled Iron for Colombia between 2021 and 2022 were China ($94.1M), Mexico ($24.6M), and South Korea ($4.79M).

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 Hot-Rolled Iron. 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)$6.79M
IMPORTS (2022)$462M
NET TRADE (2022)-$456M

In 2022, Colombia exported $6.79M in Hot-Rolled Iron. The main destinations of Colombia exports on Hot-Rolled Iron were Venezuela ($6.09M), Panama ($350k), Ecuador ($130k), United States ($85.4k), and Dominican Republic ($59k).

In 2022, Colombia imported $462M in Hot-Rolled Iron, mainly from Japan ($157M), China ($145M), Brazil ($81M), Mexico ($33.8M), and South Korea ($19.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Venezuela$3.75M (161%)
Panama$178k (104%)
United States$85.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron BY Colombia WERE (2021 - 2022):
Chile-$151k (-100%)
El Salvador-$69k (-99.9%)
Guatemala-$4.32k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Hot-Rolled Iron were:
Japan $11.2B
China $11.2B
In 2022, Colombia's main importing competitors in Hot-Rolled Iron were:

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Trade Value of Hot-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $410k
TOP IMPORT POTENTIALChina+ $17.6M

Hot-Rolled Iron’s highest export potential is United States. With an export gap of $410k.   Hot-Rolled Iron’s highest import potential is China with an import gap of $17.6M.

See methodology.

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