2022
Exports
$26.2MWorld Rnk 62 / 219
Flag Rnk 134 / 1142
2022
PRODUCT COMPLEXITY IN Electrical Control Boards
0.56Rnk 343 / 1025
2022
Imports
$123MWorld Rnk 62 / 224
Flag Rnk 133 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $26.2M in Electrical Control Boards, making it the 62nd largest exporter of Electrical Control Boards in the world. At the same year, Electrical Control Boards was the 134th most exported product in Colombia. The main destination of Electrical Control Boards exports from Colombia are: Ecuador ($6.58M), Paraguay ($5.4M), Chile ($4.15M), Peru ($2.7M), and Bolivia ($1.84M).

The fastest growing export markets for Electrical Control Boards of Colombia between 2021 and 2022 were Chile ($2.03M), Peru ($1.43M), and United States ($605k).

Imports In 2022, Colombia imported $123M in Electrical Control Boards, becoming the 62nd largest importer of Electrical Control Boards in the world. At the same year, Electrical Control Boards was the 133rd most imported product in Colombia. Colombia imports Electrical Control Boards primarily from: China ($30.6M), Germany ($27M), United States ($19.5M), Spain ($7.65M), and Brazil ($4.74M).

The fastest growing import markets in Electrical Control Boards for Colombia between 2021 and 2022 were United States ($11.7M), Germany ($6.63M), and China ($4.22M).

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 Electrical Control Boards. 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)$26.2M
IMPORTS (2022)$123M
NET TRADE (2022)-$97M

In 2022, Colombia exported $26.2M in Electrical Control Boards. The main destinations of Colombia exports on Electrical Control Boards were Ecuador ($6.58M), Paraguay ($5.4M), Chile ($4.15M), Peru ($2.7M), and Bolivia ($1.84M).

In 2022, Colombia imported $123M in Electrical Control Boards, mainly from China ($30.6M), Germany ($27M), United States ($19.5M), Spain ($7.65M), and Brazil ($4.74M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Electrical Control Boards EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Chile$2.03M (95.6%)
Peru$1.43M (113%)
United States$605k (102%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Control Boards BY Colombia WERE (2021 - 2022):
Ecuador-$3.19M (-32.6%)
Mexico-$2.25M (-87.2%)
Indonesia-$1.48M (-96.5%)

Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Electrical Control Boards were:
China $14.2B
Germany $11.3B
Mexico $7.12B
In 2022, Colombia's main importing competitors in Electrical Control Boards were:

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Trade Value of Electrical Control Boards by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.31M
TOP IMPORT POTENTIALChina+ $17.2M

Electrical Control Boards’s highest export potential is United States. With an export gap of $3.31M.   Electrical Control Boards’s highest import potential is China with an import gap of $17.2M.

See methodology.

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