2018
Exports
$5.01MWorld Rnk 46 / 205
Flag Rnk 339 / 1150
2023
PRODUCT COMPLEXITY IN Gaskets
1.46Rnk 51 / 1025
2018
Imports
$34.2MWorld Rnk 38 / 224
Flag Rnk 287 / 1192
2023
ECONOMIC COMPLEXITY of Colombia
0.23Rnk 51 / 132

About

Exports In 2018, Colombia exported $5.01M in Gaskets, making it the 46th largest exporter of Gaskets in the world. At the same year, Gaskets was the 339th most exported product in Colombia. The main destination of Gaskets exports from Colombia are: Mexico ($2.57M), United States ($585k), Ecuador ($584k), Guatemala ($327k), and Costa Rica ($297k).

The fastest growing export markets for Gaskets of Colombia between 2022 and 2023 were Mexico ($547k), Honduras ($62.4k), and Venezuela ($62.2k).

Imports In 2023, Colombia imported $34.2M in Gaskets, becoming the 38th largest importer of Gaskets in the world. At the same year, Gaskets was the 287th most imported product in Colombia. Colombia imports Gaskets primarily from: United States ($13.1M), China ($4.79M), Japan ($4.51M), Germany ($2.19M), and Chinese Taipei ($1.61M).

The fastest growing import markets in Gaskets for Colombia between 2022 and 2023 were Netherlands ($97.4k), Brazil ($63.3k), and United Kingdom ($59k).

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 Gaskets. 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)$5.01M
IMPORTS (2023)$34.2M
NET TRADE (2023)-$29.2M

In 2023, Colombia exported $5.01M in Gaskets. The main destinations of Colombia exports on Gaskets were Mexico ($2.57M), United States ($585k), Ecuador ($584k), Guatemala ($327k), and Costa Rica ($297k).

In 2023, Colombia imported $34.2M in Gaskets, mainly from United States ($13.1M), China ($4.79M), Japan ($4.51M), Germany ($2.19M), and Chinese Taipei ($1.61M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gaskets EXPORT MARKETS FOR Colombia WERE (2022 - 2023):
Mexico$547k (27%)
Honduras$62.4k (135%)
Venezuela$62.2k (10.3k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gaskets BY Colombia WERE (2022 - 2023):
United States-$230k (-28.2%)
Guatemala-$180k (-35.5%)
Cuba-$84.8k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Colombia's main exporting competitors in Gaskets were:
In 2023, Colombia's main importing competitors in Gaskets were:

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Trade Value of Gaskets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $915k
TOP IMPORT POTENTIALChina+ $1.9M

Gaskets’s highest export potential is United States. With an export gap of $915k.   Gaskets’s highest import potential is China with an import gap of $1.9M.

See methodology.

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