2023
Exports
$16.5MWorld Rnk 66 / 156
Flag Rnk 187 / 1150
2023
PRODUCT COMPLEXITY IN Coated Flat-Rolled Iron
0.072Rnk 531 / 1025
2023
Imports
$183MWorld Rnk 62 / 220
Flag Rnk 64 / 1192
2023
ECONOMIC COMPLEXITY of Colombia
0.23Rnk 51 / 132

About

Exports In 2023, Colombia exported $16.5M in Coated Flat-Rolled Iron, making it the 66th largest exporter of Coated Flat-Rolled Iron in the world. At the same year, Coated Flat-Rolled Iron was the 187th most exported product in Colombia. The main destination of Coated Flat-Rolled Iron exports from Colombia are: Venezuela ($10.8M), Panama ($2.53M), United States ($1.12M), Madagascar ($697k), and Bolivia ($689k).

The fastest growing export markets for Coated Flat-Rolled Iron of Colombia between 2022 and 2023 were Venezuela ($2.61M), Panama ($2.41M), and Madagascar ($697k).

Imports In 2023, Colombia imported $183M in Coated Flat-Rolled Iron, becoming the 62nd largest importer of Coated Flat-Rolled Iron in the world. At the same year, Coated Flat-Rolled Iron was the 64th most imported product in Colombia. Colombia imports Coated Flat-Rolled Iron primarily from: China ($124M), South Korea ($24.9M), France ($14.7M), Japan ($7.78M), and Brazil ($2.5M).

The fastest growing import markets in Coated Flat-Rolled Iron for Colombia between 2022 and 2023 were South Korea ($3.44M), France ($1.5M), and Brazil ($790k).

Latest Trends

Jan 2025

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 Coated Flat-Rolled 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 (2023)$16.5M
IMPORTS (2023)$183M
NET TRADE (2023)-$167M

In 2023, Colombia exported $16.5M in Coated Flat-Rolled Iron. The main destinations of Colombia exports on Coated Flat-Rolled Iron were Venezuela ($10.8M), Panama ($2.53M), United States ($1.12M), Madagascar ($697k), and Bolivia ($689k).

In 2023, Colombia imported $183M in Coated Flat-Rolled Iron, mainly from China ($124M), South Korea ($24.9M), France ($14.7M), Japan ($7.78M), and Brazil ($2.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Coated Flat-Rolled Iron EXPORT MARKETS FOR Colombia WERE (2022 - 2023):
Venezuela$2.61M (31.9%)
Panama$2.41M (2.11k%)
Madagascar$697k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coated Flat-Rolled Iron BY Colombia WERE (2022 - 2023):
Mexico-$2.72M (-100%)
Aruba-$117k (-98.6%)
Jamaica-$115k (-46.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Colombia's main exporting competitors in Coated Flat-Rolled Iron were:
In 2023, Colombia's main importing competitors in Coated Flat-Rolled Iron were:

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Trade Value of Coated Flat-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $2.32M
TOP IMPORT POTENTIALChina+ $12.6M

Coated Flat-Rolled Iron’s highest export potential is Mexico. With an export gap of $2.32M.   Coated Flat-Rolled Iron’s highest import potential is China with an import gap of $12.6M.

See methodology.

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