2022
Exports
$31.4kWorld Rnk 71 / 100
Flag Rnk 960 / 1142
2022
PRODUCT COMPLEXITY IN Magnesium
0.95Rnk 193 / 1025
2022
Imports
$1.59MWorld Rnk 65 / 168
Flag Rnk 869 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $31.4k in Magnesium, making it the 71st largest exporter of Magnesium in the world. At the same year, Magnesium was the 960th most exported product in Colombia. The main destination of Magnesium exports from Colombia are: Ecuador ($26.6k) and Dominican Republic ($4.75k).

The fastest growing export markets for Magnesium of Colombia between 2021 and 2022 were Ecuador ($8.15k) and Dominican Republic ($4.75k).

Imports In 2022, Colombia imported $1.59M in Magnesium, becoming the 65th largest importer of Magnesium in the world. At the same year, Magnesium was the 869th most imported product in Colombia. Colombia imports Magnesium primarily from: China ($1.45M), United States ($116k), Venezuela ($16.2k), Peru ($10.8k), and Hong Kong ($1.53k).

The fastest growing import markets in Magnesium for Colombia between 2021 and 2022 were China ($405k), United States ($88.2k), and Venezuela ($16.2k).

Latest Trends

Nov 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 Magnesium. 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)$31.4k
IMPORTS (2022)$1.59M
NET TRADE (2022)-$1.56M

In 2022, Colombia exported $31.4k in Magnesium. The main destinations of Colombia exports on Magnesium were Ecuador ($26.6k) and Dominican Republic ($4.75k).

In 2022, Colombia imported $1.59M in Magnesium, mainly from China ($1.45M), United States ($116k), Venezuela ($16.2k), Peru ($10.8k), and Hong Kong ($1.53k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Magnesium EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Ecuador$8.15k (44.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Magnesium were:
China $2.46B
In 2022, Colombia's main importing competitors in Magnesium were:

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Trade Value of Magnesium by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.27k
TOP IMPORT POTENTIALChina+ $756k

Magnesium’s highest export potential is United States. With an export gap of $1.27k.   Magnesium’s highest import potential is China with an import gap of $756k.

See methodology.

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