2023
Exports
$86.2kWorld Rnk 67 / 119
Flag Rnk 886 / 1150
2023
PRODUCT COMPLEXITY IN Knitting Machines
1.06Rnk 157 / 1025
2023
Imports
$11.1MWorld Rnk 36 / 188
Flag Rnk 494 / 1192
2023
ECONOMIC COMPLEXITY of Colombia
0.23Rnk 51 / 132

About

Exports In 2023, Colombia exported $86.2k in Knitting Machines, making it the 67th largest exporter of Knitting Machines in the world. At the same year, Knitting Machines was the 886th most exported product in Colombia. The main destination of Knitting Machines exports from Colombia are: El Salvador ($67.6k), Peru ($9.23k), Ecuador ($7.59k), Chile ($889), and Venezuela ($800).

The fastest growing export markets for Knitting Machines of Colombia between 2022 and 2023 were Peru ($9.23k), Chile ($571), and Honduras ($1).

Imports In 2023, Colombia imported $11.1M in Knitting Machines, becoming the 36th largest importer of Knitting Machines in the world. At the same year, Knitting Machines was the 494th most imported product in Colombia. Colombia imports Knitting Machines primarily from: China ($5.21M), Italy ($2.57M), Japan ($1.16M), Germany ($630k), and Chinese Taipei ($482k).

The fastest growing import markets in Knitting Machines for Colombia between 2022 and 2023 were Italy ($89.4k), Spain ($25.9k), and Peru ($6.99k).

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 Knitting Machines. 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)$86.2k
IMPORTS (2023)$11.1M
NET TRADE (2023)-$11.1M

In 2023, Colombia exported $86.2k in Knitting Machines. The main destinations of Colombia exports on Knitting Machines were El Salvador ($67.6k), Peru ($9.23k), Ecuador ($7.59k), Chile ($889), and Venezuela ($800).

In 2023, Colombia imported $11.1M in Knitting Machines, mainly from China ($5.21M), Italy ($2.57M), Japan ($1.16M), Germany ($630k), and Chinese Taipei ($482k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knitting Machines EXPORT MARKETS FOR Colombia WERE (2022 - 2023):
Peru$9.23k (1%)
Chile$571 (180%)
Honduras$1 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitting Machines BY Colombia WERE (2022 - 2023):
El Salvador-$69.4k (-50.6%)
Ecuador-$6.81k (-47.3%)
Dominican Republic-$2.21k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Colombia's main exporting competitors in Knitting Machines were:
In 2023, Colombia's main importing competitors in Knitting Machines were:

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Trade Value of Knitting Machines by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALEcuador+ $14.1k
TOP IMPORT POTENTIALChina+ $969k

Knitting Machines’s highest export potential is Ecuador. With an export gap of $14.1k.   Knitting Machines’s highest import potential is China with an import gap of $969k.

See methodology.

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