2022
Exports
$3.63kWorld Rnk 97 / 119
Flag Rnk 1065 / 1142
2022
PRODUCT COMPLEXITY IN Semi-Finished Iron
-0.88Rnk 800 / 1025
2022
Imports
$107MWorld Rnk 43 / 188
Flag Rnk 151 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $3.63k in Semi-Finished Iron, making it the 97th largest exporter of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 1065th most exported product in Colombia. The main destination of Semi-Finished Iron exports from Colombia are: Ecuador ($2.44k), Aruba ($1.13k), and Turkey ($57).

The fastest growing export markets for Semi-Finished Iron of Colombia between 2021 and 2022 were Ecuador ($2.44k), Aruba ($1.13k), and Turkey ($57).

Imports In 2022, Colombia imported $107M in Semi-Finished Iron, becoming the 43rd largest importer of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 151st most imported product in Colombia. Colombia imports Semi-Finished Iron primarily from: Mexico ($52.8M), Ukraine ($24.1M), Brazil ($15.2M), Algeria ($14.9M), and Italy ($310k).

The fastest growing import markets in Semi-Finished Iron for Colombia between 2021 and 2022 were Mexico ($52.8M), Algeria ($14.9M), and Brazil ($9.14M).

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 Semi-Finished Iron. 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)$3.63k
IMPORTS (2022)$107M
NET TRADE (2022)-$107M

In 2022, Colombia exported $3.63k in Semi-Finished Iron. The main destinations of Colombia exports on Semi-Finished Iron were Ecuador ($2.44k), Aruba ($1.13k), and Turkey ($57).

In 2022, Colombia imported $107M in Semi-Finished Iron, mainly from Mexico ($52.8M), Ukraine ($24.1M), Brazil ($15.2M), Algeria ($14.9M), and Italy ($310k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Semi-Finished Iron EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Ecuador$2.44k (1%)
Aruba$1.13k (1%)
Turkey$57 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Semi-Finished Iron BY Colombia WERE (2021 - 2022):Venezuela-$1.44k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Semi-Finished Iron were:
Russia $8.38B
Oman $3.44B
Brazil $3.42B
In 2022, Colombia's main importing competitors in Semi-Finished Iron were:

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Trade Value of Semi-Finished Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $833
TOP IMPORT POTENTIALBrazil+ $12.3M

Semi-Finished Iron’s highest export potential is United States. With an export gap of $833.   Semi-Finished Iron’s highest import potential is Brazil with an import gap of $12.3M.

See methodology.

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