2022
Exports
$86.4MWorld Rnk 20 / 155
Flag Rnk 54 / 1142
2022
PRODUCT COMPLEXITY IN Margarine
-0.83Rnk 786 / 1025
2022
Imports
$11.9MWorld Rnk 115 / 219
Flag Rnk 524 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $86.4M in Margarine, making it the 20th largest exporter of Margarine in the world. At the same year, Margarine was the 54th most exported product in Colombia. The main destination of Margarine exports from Colombia are: Panama ($19.4M), Venezuela ($13.4M), Peru ($12.2M), Ecuador ($11.8M), and Chile ($9.5M).

The fastest growing export markets for Margarine of Colombia between 2021 and 2022 were Venezuela ($8.21M), Chile ($3.37M), and Peru ($2.09M).

Imports In 2022, Colombia imported $11.9M in Margarine, becoming the 115th largest importer of Margarine in the world. At the same year, Margarine was the 524th most imported product in Colombia. Colombia imports Margarine primarily from: Bolivia ($3.66M), Mexico ($1.77M), United States ($1.5M), France ($1.32M), and Indonesia ($1.11M).

The fastest growing import markets in Margarine for Colombia between 2021 and 2022 were Mexico ($1.29M), France ($272k), and Indonesia ($169k).

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 Margarine. 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)$86.4M
IMPORTS (2022)$11.9M
NET TRADE (2022)$74.6M

In 2022, Colombia exported $86.4M in Margarine. The main destinations of Colombia exports on Margarine were Panama ($19.4M), Venezuela ($13.4M), Peru ($12.2M), Ecuador ($11.8M), and Chile ($9.5M).

In 2022, Colombia imported $11.9M in Margarine, mainly from Bolivia ($3.66M), Mexico ($1.77M), United States ($1.5M), France ($1.32M), and Indonesia ($1.11M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Margarine EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Venezuela$8.21M (159%)
Chile$3.37M (55.1%)
Peru$2.09M (20.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Margarine BY Colombia WERE (2021 - 2022):
Ecuador-$4.61M (-28.1%)
Bolivia-$1.45M (-74.8%)
Brazil-$429k (-54.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Margarine were:
In 2022, Colombia's main importing competitors in Margarine were:
China $1.33B

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Trade Value of Margarine by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.62M
TOP IMPORT POTENTIALIndonesia+ $814k

Margarine’s highest export potential is United States. With an export gap of $5.62M.   Margarine’s highest import potential is Indonesia with an import gap of $814k.

See methodology.

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