2023
Exports
$2.13MWorld Rnk 71 / 150
Flag Rnk 445 / 1150
2023
PRODUCT COMPLEXITY IN Seed Oils
-0.97Rnk 825 / 1025
2023
Imports
$48.7MWorld Rnk 52 / 216
Flag Rnk 236 / 1192
2023
ECONOMIC COMPLEXITY of Colombia
0.23Rnk 51 / 132

About

Exports In 2023, Colombia exported $2.13M in Seed Oils, making it the 71st largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 445th most exported product in Colombia. The main destination of Seed Oils exports from Colombia are: China ($1.49M), Venezuela ($558k), Ecuador ($63.4k), United States ($10k), and Canada ($3.29k).

The fastest growing export markets for Seed Oils of Colombia between 2022 and 2023 were China ($634k), Venezuela ($492k), and United States ($10k).

Imports In 2023, Colombia imported $48.7M in Seed Oils, becoming the 52nd largest importer of Seed Oils in the world. At the same year, Seed Oils was the 236th most imported product in Colombia. Colombia imports Seed Oils primarily from: Bolivia ($35.1M), Argentina ($10.2M), Ecuador ($3.16M), Spain ($87.3k), and United States ($69.7k).

The fastest growing import markets in Seed Oils for Colombia between 2022 and 2023 were Bolivia ($4.72M), Mexico ($18.8k), and Spain ($17.3k).

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 Seed 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 (2023)$2.13M
IMPORTS (2023)$48.7M
NET TRADE (2023)-$46.5M

In 2023, Colombia exported $2.13M in Seed Oils. The main destinations of Colombia exports on Seed Oils were China ($1.49M), Venezuela ($558k), Ecuador ($63.4k), United States ($10k), and Canada ($3.29k).

In 2023, Colombia imported $48.7M in Seed Oils, mainly from Bolivia ($35.1M), Argentina ($10.2M), Ecuador ($3.16M), Spain ($87.3k), and United States ($69.7k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR Colombia WERE (2022 - 2023):
China$634k (73.6%)
Venezuela$492k (748%)
United States$10k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY Colombia WERE (2022 - 2023):
Ecuador-$458k (-87.8%)
Peru-$76.3k (-98.7%)
Lebanon-$74.4k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Colombia's main exporting competitors in Seed Oils were:
Ukraine $5.26B
Russia $3.51B
Turkey $1.38B
In 2023, Colombia's main importing competitors in Seed Oils were:
India $2.43B
China $1.62B
Turkey $1.47B

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Trade Value of Seed Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $603k
TOP IMPORT POTENTIALArgentina+ $1.01M

Seed Oils’s highest export potential is China. With an export gap of $603k.   Seed Oils’s highest import potential is Argentina with an import gap of $1.01M.

See methodology.

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