2022
Exports
$16.5MWorld Rnk 32 / 171
Flag Rnk 179 / 1142
2022
PRODUCT COMPLEXITY IN Iron Nails
-0.5Rnk 699 / 1025
2022
Imports
$7.88MWorld Rnk 83 / 220
Flag Rnk 607 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $16.5M in Iron Nails, making it the 32nd largest exporter of Iron Nails in the world. At the same year, Iron Nails was the 179th most exported product in Colombia. The main destination of Iron Nails exports from Colombia are: United States ($2.71M), Mexico ($2.15M), Ecuador ($1.95M), Chile ($1.74M), and Costa Rica ($1.6M).

The fastest growing export markets for Iron Nails of Colombia between 2021 and 2022 were Chile ($686k), Mexico ($329k), and Venezuela ($265k).

Imports In 2022, Colombia imported $7.88M in Iron Nails, becoming the 83rd largest importer of Iron Nails in the world. At the same year, Iron Nails was the 607th most imported product in Colombia. Colombia imports Iron Nails primarily from: China ($7.25M), United States ($154k), Brazil ($75.1k), India ($70.1k), and Germany ($69.2k).

The fastest growing import markets in Iron Nails for Colombia between 2021 and 2022 were China ($3.3M), Brazil ($72.8k), and Ecuador ($37.7k).

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 Iron Nails. 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)$16.5M
IMPORTS (2022)$7.88M
NET TRADE (2022)$8.59M

In 2022, Colombia exported $16.5M in Iron Nails. The main destinations of Colombia exports on Iron Nails were United States ($2.71M), Mexico ($2.15M), Ecuador ($1.95M), Chile ($1.74M), and Costa Rica ($1.6M).

In 2022, Colombia imported $7.88M in Iron Nails, mainly from China ($7.25M), United States ($154k), Brazil ($75.1k), India ($70.1k), and Germany ($69.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Nails EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Chile$686k (65.2%)
Mexico$329k (18.1%)
Venezuela$265k (79.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Nails BY Colombia WERE (2021 - 2022):
United States-$1.42M (-34.4%)
Guatemala-$341k (-40.8%)
Brazil-$310k (-30.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Iron Nails were:
In 2022, Colombia's main importing competitors in Iron Nails were:

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Trade Value of Iron Nails by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.04M
TOP IMPORT POTENTIALChina+ $865k

Iron Nails’s highest export potential is United States. With an export gap of $3.04M.   Iron Nails’s highest import potential is China with an import gap of $865k.

See methodology.

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