2022
Exports
$6.34MWorld Rnk 51 / 144
Flag Rnk 294 / 1142
2022
PRODUCT COMPLEXITY IN Silver
-0.98Rnk 832 / 1025
2022
Imports
$3.25MWorld Rnk 70 / 182
Flag Rnk 766 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $6.34M in Silver, making it the 51st largest exporter of Silver in the world. At the same year, Silver was the 294th most exported product in Colombia. The main destination of Silver exports from Colombia are: United States ($2.17M), Chile ($1.21M), Australia ($1.01M), Canada ($728k), and Italy ($588k).

The fastest growing export markets for Silver of Colombia between 2021 and 2022 were Canada ($728k), Italy ($274k), and Turkey ($106k).

Imports In 2022, Colombia imported $3.25M in Silver, becoming the 70th largest importer of Silver in the world. At the same year, Silver was the 766th most imported product in Colombia. Colombia imports Silver primarily from: United States ($1.35M), Peru ($787k), Mexico ($270k), Norway ($232k), and Germany ($177k).

The fastest growing import markets in Silver for Colombia between 2021 and 2022 were Peru ($763k), Norway ($76k), and China ($43k).

Latest Trends

Jul 2024

Subnational Monthly Trade

View
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 Silver. 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)$6.34M
IMPORTS (2022)$3.25M
NET TRADE (2022)$3.09M

In 2022, Colombia exported $6.34M in Silver. The main destinations of Colombia exports on Silver were United States ($2.17M), Chile ($1.21M), Australia ($1.01M), Canada ($728k), and Italy ($588k).

In 2022, Colombia imported $3.25M in Silver, mainly from United States ($1.35M), Peru ($787k), Mexico ($270k), Norway ($232k), and Germany ($177k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silver EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Canada$728k (1%)
Italy$274k (87.4%)
Turkey$106k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silver BY Colombia WERE (2021 - 2022):
Chile-$752k (-38.4%)
United Kingdom-$115k (-100%)
Guatemala-$17.2k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Silver were:
In 2022, Colombia's main importing competitors in Silver were:

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Trade Value of Silver by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.86M
TOP IMPORT POTENTIALUnited States+ $709k

Silver’s highest export potential is United States. With an export gap of $2.86M.   Silver’s highest import potential is United States with an import gap of $709k.

See methodology.

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