2023
Exports
$1.1MWorld Rnk 58 / 205
Flag Rnk 548 / 1150
2023
PRODUCT COMPLEXITY IN Rubber Belting
0.51Rnk 368 / 1025
2023
Imports
$32MWorld Rnk 46 / 225
Flag Rnk 300 / 1192
2023
ECONOMIC COMPLEXITY of Colombia
0.23Rnk 51 / 132

About

Exports In 2023, Colombia exported $1.1M in Rubber Belting, making it the 58th largest exporter of Rubber Belting in the world. At the same year, Rubber Belting was the 548th most exported product in Colombia. The main destination of Rubber Belting exports from Colombia are: Ecuador ($293k), Dominican Republic ($209k), Bolivia ($164k), Panama ($101k), and Venezuela ($56.1k).

The fastest growing export markets for Rubber Belting of Colombia between 2022 and 2023 were Bolivia ($108k), Panama ($81.5k), and Venezuela ($54.3k).

Imports In 2023, Colombia imported $32M in Rubber Belting, becoming the 46th largest importer of Rubber Belting in the world. At the same year, Rubber Belting was the 300th most imported product in Colombia. Colombia imports Rubber Belting primarily from: China ($12.1M), United States ($3.37M), Germany ($3.25M), South Korea ($2.15M), and Brazil ($2.05M).

The fastest growing import markets in Rubber Belting for Colombia between 2022 and 2023 were Netherlands ($642k), Romania ($89.3k), and Spain ($45.8k).

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 Rubber Belting. 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)$1.1M
IMPORTS (2023)$32M
NET TRADE (2023)-$30.9M

In 2023, Colombia exported $1.1M in Rubber Belting. The main destinations of Colombia exports on Rubber Belting were Ecuador ($293k), Dominican Republic ($209k), Bolivia ($164k), Panama ($101k), and Venezuela ($56.1k).

In 2023, Colombia imported $32M in Rubber Belting, mainly from China ($12.1M), United States ($3.37M), Germany ($3.25M), South Korea ($2.15M), and Brazil ($2.05M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rubber Belting EXPORT MARKETS FOR Colombia WERE (2022 - 2023):
Bolivia$108k (194%)
Panama$81.5k (418%)
Venezuela$54.3k (3.04k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Belting BY Colombia WERE (2022 - 2023):
Ecuador-$175k (-37.4%)
Guatemala-$58.7k (-68%)
Costa Rica-$49.7k (-67.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Colombia's main exporting competitors in Rubber Belting were:
In 2023, Colombia's main importing competitors in Rubber Belting were:

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Trade Value of Rubber Belting by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPeru+ $77k
TOP IMPORT POTENTIALChina+ $2.35M

Rubber Belting’s highest export potential is Peru. With an export gap of $77k.   Rubber Belting’s highest import potential is China with an import gap of $2.35M.

See methodology.

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