2023
Exports
$3.01MWorld Rnk 62 / 199
Flag Rnk 399 / 1150
2023
PRODUCT COMPLEXITY IN Navigation Equipment
1.03Rnk 167 / 1025
2023
Imports
$30.6MWorld Rnk 57 / 223
Flag Rnk 308 / 1192
2023
ECONOMIC COMPLEXITY of Colombia
0.23Rnk 51 / 132

About

Exports In 2023, Colombia exported $3.01M in Navigation Equipment, making it the 62nd largest exporter of Navigation Equipment in the world. At the same year, Navigation Equipment was the 399th most exported product in Colombia. The main destination of Navigation Equipment exports from Colombia are: United States ($2.1M), Ecuador ($338k), Panama ($135k), Germany ($110k), and Mexico ($103k).

The fastest growing export markets for Navigation Equipment of Colombia between 2022 and 2023 were United States ($1.9M), Ecuador ($170k), and Germany ($110k).

Imports In 2023, Colombia imported $30.6M in Navigation Equipment, becoming the 57th largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 308th most imported product in Colombia. Colombia imports Navigation Equipment primarily from: China ($11.7M), United States ($7.88M), Chinese Taipei ($1.93M), Indonesia ($1.7M), and Lithuania ($1.59M).

The fastest growing import markets in Navigation Equipment for Colombia between 2022 and 2023 were Indonesia ($1.7M), Lithuania ($832k), and Mexico ($201k).

COMPANIES In 2024, leading companies such as Heineken (1) were at the forefront of shipping Navigation Equipment from Colombia to the United States.

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 Navigation Equipment. 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)$3.01M
IMPORTS (2023)$30.6M
NET TRADE (2023)-$27.6M

In 2023, Colombia exported $3.01M in Navigation Equipment. The main destinations of Colombia exports on Navigation Equipment were United States ($2.1M), Ecuador ($338k), Panama ($135k), Germany ($110k), and Mexico ($103k).

In 2023, Colombia imported $30.6M in Navigation Equipment, mainly from China ($11.7M), United States ($7.88M), Chinese Taipei ($1.93M), Indonesia ($1.7M), and Lithuania ($1.59M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Navigation Equipment EXPORT MARKETS FOR Colombia WERE (2022 - 2023):
United States$1.9M (961%)
Ecuador$170k (101%)
Germany$110k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Navigation Equipment BY Colombia WERE (2022 - 2023):
Peru-$575k (-91.6%)
Chile-$409k (-94.1%)
Brazil-$128k (-98.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Colombia's main exporting competitors in Navigation Equipment were:
In 2023, Colombia's main importing competitors in Navigation Equipment were:

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Trade Value of Navigation Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $478k
TOP IMPORT POTENTIALChina+ $3.45M

Navigation Equipment’s highest export potential is United States. With an export gap of $478k.   Navigation Equipment’s highest import potential is China with an import gap of $3.45M.

See methodology.

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