2022
Exports
$48MWorld Rnk 56 / 224
Flag Rnk 81 / 1142
2022
PRODUCT COMPLEXITY IN Medical Instruments
0.76Rnk 260 / 1025
2022
Imports
$627MWorld Rnk 38 / 225
Flag Rnk 16 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $48M in Medical Instruments, making it the 56th largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 81st most exported product in Colombia. The main destination of Medical Instruments exports from Colombia are: Spain ($9.68M), United States ($6.4M), Brazil ($5.16M), Switzerland ($4.66M), and Ecuador ($4.07M).

The fastest growing export markets for Medical Instruments of Colombia between 2021 and 2022 were Mexico ($1.34M), Peru ($1.09M), and United States ($974k).

Imports In 2022, Colombia imported $627M in Medical Instruments, becoming the 38th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 16th most imported product in Colombia. Colombia imports Medical Instruments primarily from: United States ($189M), China ($120M), Germany ($53.1M), Netherlands ($52.3M), and Mexico ($26.7M).

The fastest growing import markets in Medical Instruments for Colombia between 2021 and 2022 were Netherlands ($41.1M), United States ($39.2M), and China ($7.89M).

Latest Trends

Oct 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 Medical Instruments. 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)$48M
IMPORTS (2022)$627M
NET TRADE (2022)-$580M

In 2022, Colombia exported $48M in Medical Instruments. The main destinations of Colombia exports on Medical Instruments were Spain ($9.68M), United States ($6.4M), Brazil ($5.16M), Switzerland ($4.66M), and Ecuador ($4.07M).

In 2022, Colombia imported $627M in Medical Instruments, mainly from United States ($189M), China ($120M), Germany ($53.1M), Netherlands ($52.3M), and Mexico ($26.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Mexico$1.34M (307%)
Peru$1.09M (37.3%)
United States$974k (17.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY Colombia WERE (2021 - 2022):
Brazil-$1.19M (-18.8%)
Spain-$1.11M (-10.3%)
Venezuela-$1.05M (-88.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Medical Instruments were:
In 2022, Colombia's main importing competitors in Medical Instruments were:

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Trade Value of Medical Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $11.6M
TOP IMPORT POTENTIALUnited States+ $45.5M

Medical Instruments’s highest export potential is United States. With an export gap of $11.6M.   Medical Instruments’s highest import potential is United States with an import gap of $45.5M.

See methodology.

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