2023
Exports
$17.5MWorld Rnk 5 / 141
Flag Rnk 179 / 1150
2023
PRODUCT COMPLEXITY IN Cooking Hand Tools
0.89Rnk 210 / 1025
2023
Imports
$2.1MWorld Rnk 56 / 209
Flag Rnk 798 / 1192
2023
ECONOMIC COMPLEXITY of Colombia
0.23Rnk 51 / 132

About

Exports In 2023, Colombia exported $17.5M in Cooking Hand Tools, making it the 5th largest exporter of Cooking Hand Tools in the world. At the same year, Cooking Hand Tools was the 179th most exported product in Colombia. The main destination of Cooking Hand Tools exports from Colombia are: Mexico ($4.86M), United States ($3.06M), Nicaragua ($1.85M), Guatemala ($1.7M), and Peru ($1.54M).

The fastest growing export markets for Cooking Hand Tools of Colombia between 2022 and 2023 were Mexico ($4.6M), Germany ($281k), and Nicaragua ($160k).

Imports In 2023, Colombia imported $2.1M in Cooking Hand Tools, becoming the 56th largest importer of Cooking Hand Tools in the world. At the same year, Cooking Hand Tools was the 798th most imported product in Colombia. Colombia imports Cooking Hand Tools primarily from: China ($1.43M), Mexico ($452k), Chinese Taipei ($50.8k), United States ($45k), and Czechia ($24.5k).

The fastest growing import markets in Cooking Hand Tools for Colombia between 2022 and 2023 were Mexico ($451k), Chinese Taipei ($36.1k), and Czechia ($24.5k).

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 Cooking Hand Tools. 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)$17.5M
IMPORTS (2023)$2.1M
NET TRADE (2023)$15.4M

In 2023, Colombia exported $17.5M in Cooking Hand Tools. The main destinations of Colombia exports on Cooking Hand Tools were Mexico ($4.86M), United States ($3.06M), Nicaragua ($1.85M), Guatemala ($1.7M), and Peru ($1.54M).

In 2023, Colombia imported $2.1M in Cooking Hand Tools, mainly from China ($1.43M), Mexico ($452k), Chinese Taipei ($50.8k), United States ($45k), and Czechia ($24.5k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cooking Hand Tools EXPORT MARKETS FOR Colombia WERE (2022 - 2023):
Mexico$4.6M (1.74k%)
Germany$281k (3.44k%)
Nicaragua$160k (9.48%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cooking Hand Tools BY Colombia WERE (2022 - 2023):
Honduras-$698k (-38.1%)
United States-$394k (-11.4%)
Cameroon-$285k (-29.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Colombia's main exporting competitors in Cooking Hand Tools were:
China $359M
France $34.6M
Germany $33.9M
In 2023, Colombia's main importing competitors in Cooking Hand Tools were:

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Trade Value of Cooking Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $619k
TOP IMPORT POTENTIALChina+ $122k

Cooking Hand Tools’s highest export potential is United States. With an export gap of $619k.   Cooking Hand Tools’s highest import potential is China with an import gap of $122k.

See methodology.

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