2022
Exports
$27.2MWorld Rnk 28 / 153
Flag Rnk 127 / 1142
2022
PRODUCT COMPLEXITY IN Other Vegetable Oils
-1.26Rnk 899 / 1025
2022
Imports
$19.9MWorld Rnk 64 / 214
Flag Rnk 412 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $27.2M in Other Vegetable Oils, making it the 28th largest exporter of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 127th most exported product in Colombia. The main destination of Other Vegetable Oils exports from Colombia are: United States ($6.27M), Netherlands ($4.35M), Guatemala ($3.88M), Venezuela ($3.27M), and Dominican Republic ($2.43M).

The fastest growing export markets for Other Vegetable Oils of Colombia between 2021 and 2022 were Guatemala ($3.84M), Venezuela ($2.54M), and Dominican Republic ($1.92M).

Imports In 2022, Colombia imported $19.9M in Other Vegetable Oils, becoming the 64th largest importer of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 412th most imported product in Colombia. Colombia imports Other Vegetable Oils primarily from: Ecuador ($12.4M), Malaysia ($1.74M), United States ($1.1M), Brazil ($774k), and Indonesia ($736k).

The fastest growing import markets in Other Vegetable Oils for Colombia between 2021 and 2022 were Ecuador ($2.83M), Malaysia ($1.26M), and Brazil ($564k).

Latest Trends

Jul 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 Other Vegetable Oils. 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)$27.2M
IMPORTS (2022)$19.9M
NET TRADE (2022)$7.35M

In 2022, Colombia exported $27.2M in Other Vegetable Oils. The main destinations of Colombia exports on Other Vegetable Oils were United States ($6.27M), Netherlands ($4.35M), Guatemala ($3.88M), Venezuela ($3.27M), and Dominican Republic ($2.43M).

In 2022, Colombia imported $19.9M in Other Vegetable Oils, mainly from Ecuador ($12.4M), Malaysia ($1.74M), United States ($1.1M), Brazil ($774k), and Indonesia ($736k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Vegetable Oils EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Guatemala$3.84M (8.58k%)
Venezuela$2.54M (348%)
Dominican Republic$1.92M (383%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Vegetable Oils BY Colombia WERE (2021 - 2022):
Canada-$1.11M (-59.4%)
Trinidad and Tobago-$246k (-21.3%)
Norway-$190k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Other Vegetable Oils were:
In 2022, Colombia's main importing competitors in Other Vegetable Oils were:

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Trade Value of Other Vegetable Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.44M
TOP IMPORT POTENTIALIndonesia+ $1.42M

Other Vegetable Oils’s highest export potential is United States. With an export gap of $2.44M.   Other Vegetable Oils’s highest import potential is Indonesia with an import gap of $1.42M.

See methodology.

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