2022
Exports | Imports
$17M | $232MWorld Rnk 71 / 221
Flag Rnk 176 / 1142
World Rnk 46 / 224
Flag Rnk 60 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.094Rnk 57 / 124
2022
PRODUCT COMPLEXITY IN Excavation Machinery
1.1Rnk 137 / 1025

About

Exports In 2022, Colombia exported $17M in Excavation Machinery, making it the 71st largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 176th most exported product in Colombia. The main destination of Excavation Machinery exports from Colombia are: Ecuador ($3.69M), United States ($3.35M), Dominican Republic ($2.12M), Mexico ($1.18M), and Panama ($1.04M).

The fastest growing export markets for Excavation Machinery of Colombia between 2021 and 2022 were Mexico ($943k), Ecuador ($870k), and Suriname ($723k).

Imports In 2022, Colombia imported $232M in Excavation Machinery, becoming the 46th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 60th most imported product in Colombia. Colombia imports Excavation Machinery primarily from: United States ($102M), China ($44.3M), Sweden ($10.3M), Italy ($8.73M), and Germany ($7.99M).

The fastest growing import markets in Excavation Machinery for Colombia between 2021 and 2022 were United States ($35.5M), China ($15.6M), and Sweden ($6.08M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Excavation Machinery from Colombia to the United States.

Latest Trends

Feb 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 Excavation Machinery. 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)$17M
IMPORTS (2022)$232M
NET TRADE (2022)-$215M

In 2022, Colombia exported $17M in Excavation Machinery. The main destinations of Colombia exports on Excavation Machinery were Ecuador ($3.69M), United States ($3.35M), Dominican Republic ($2.12M), Mexico ($1.18M), and Panama ($1.04M).

In 2022, Colombia imported $232M in Excavation Machinery, mainly from United States ($102M), China ($44.3M), Sweden ($10.3M), Italy ($8.73M), and Germany ($7.99M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Mexico$943k (397%)
Ecuador$870k (30.8%)
Suriname$723k (324%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Colombia WERE (2021 - 2022):
Peru-$1.28M (-82.8%)
Saudi Arabia-$648k (-99.6%)
Switzerland-$165k (-98.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Excavation Machinery by Exporters

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