2022
Exports
$35.7MWorld Rnk 31 / 141
Flag Rnk 101 / 1142
2022
PRODUCT COMPLEXITY IN Inedible Fats and Oils
-0.34Rnk 660 / 1025
2022
Imports
$5.99MWorld Rnk 49 / 186
Flag Rnk 666 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $35.7M in Inedible Fats and Oils, making it the 31st largest exporter of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 101st most exported product in Colombia. The main destination of Inedible Fats and Oils exports from Colombia are: United States ($14.1M), Netherlands ($13.9M), Spain ($4.71M), United Kingdom ($2.01M), and Portugal ($294k).

The fastest growing export markets for Inedible Fats and Oils of Colombia between 2021 and 2022 were Netherlands ($11.2M), United States ($10.5M), and United Kingdom ($1.42M).

Imports In 2022, Colombia imported $5.99M in Inedible Fats and Oils, becoming the 49th largest importer of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 666th most imported product in Colombia. Colombia imports Inedible Fats and Oils primarily from: United States ($3.48M), Brazil ($2.03M), France ($84.5k), Spain ($77.6k), and Italy ($61.8k).

The fastest growing import markets in Inedible Fats and Oils for Colombia between 2021 and 2022 were United States ($2.29M), Brazil ($1.08M), and Italy ($26.9k).

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 Inedible Fats and Oils. 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)$35.7M
IMPORTS (2022)$5.99M
NET TRADE (2022)$29.8M

In 2022, Colombia exported $35.7M in Inedible Fats and Oils. The main destinations of Colombia exports on Inedible Fats and Oils were United States ($14.1M), Netherlands ($13.9M), Spain ($4.71M), United Kingdom ($2.01M), and Portugal ($294k).

In 2022, Colombia imported $5.99M in Inedible Fats and Oils, mainly from United States ($3.48M), Brazil ($2.03M), France ($84.5k), Spain ($77.6k), and Italy ($61.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Inedible Fats and Oils EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Netherlands$11.2M (423%)
United States$10.5M (299%)
United Kingdom$1.42M (239%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inedible Fats and Oils BY Colombia WERE (2021 - 2022):
Dominican Republic-$838k (-100%)
Germany-$80.8k (-94.7%)
France-$45.5k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Inedible Fats and Oils were:
In 2022, Colombia's main importing competitors in Inedible Fats and Oils were:

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Trade Value of Inedible Fats and Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.2M
TOP IMPORT POTENTIALUnited States+ $285k

Inedible Fats and Oils’s highest export potential is United States. With an export gap of $3.2M.   Inedible Fats and Oils’s highest import potential is United States with an import gap of $285k.

See methodology.

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