2022
Exports
$42.7MWorld Rnk 59 / 216
Flag Rnk 89 / 1142
2022
PRODUCT COMPLEXITY IN Industrial Fatty Acids, Oils and Alcohols
-0.69Rnk 753 / 1025
2022
Imports
$287MWorld Rnk 48 / 222
Flag Rnk 48 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $42.7M in Industrial Fatty Acids, Oils and Alcohols, making it the 59th largest exporter of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 89th most exported product in Colombia. The main destination of Industrial Fatty Acids, Oils and Alcohols exports from Colombia are: Ecuador ($9.63M), Argentina ($7.5M), Peru ($3.92M), Mexico ($3.29M), and Venezuela ($2.41M).

The fastest growing export markets for Industrial Fatty Acids, Oils and Alcohols of Colombia between 2021 and 2022 were Argentina ($3.05M), Ecuador ($1.67M), and Mexico ($1.65M).

Imports In 2022, Colombia imported $287M in Industrial Fatty Acids, Oils and Alcohols, becoming the 48th largest importer of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 48th most imported product in Colombia. Colombia imports Industrial Fatty Acids, Oils and Alcohols primarily from: United States ($76.8M), China ($49.4M), Guatemala ($28.4M), Brazil ($22.5M), and Germany ($17.1M).

The fastest growing import markets in Industrial Fatty Acids, Oils and Alcohols for Colombia between 2021 and 2022 were Guatemala ($27.9M), China ($21.6M), and United States ($16M).

Latest Trends

Oct 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 Industrial Fatty Acids, Oils and Alcohols. 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)$42.7M
IMPORTS (2022)$287M
NET TRADE (2022)-$244M

In 2022, Colombia exported $42.7M in Industrial Fatty Acids, Oils and Alcohols. The main destinations of Colombia exports on Industrial Fatty Acids, Oils and Alcohols were Ecuador ($9.63M), Argentina ($7.5M), Peru ($3.92M), Mexico ($3.29M), and Venezuela ($2.41M).

In 2022, Colombia imported $287M in Industrial Fatty Acids, Oils and Alcohols, mainly from United States ($76.8M), China ($49.4M), Guatemala ($28.4M), Brazil ($22.5M), and Germany ($17.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Fatty Acids, Oils and Alcohols EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Argentina$3.05M (68.6%)
Ecuador$1.67M (21%)
Mexico$1.65M (100%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Fatty Acids, Oils and Alcohols BY Colombia WERE (2021 - 2022):
Malaysia-$718k (-32.1%)
Philippines-$684k (-75.3%)
Costa Rica-$595k (-43.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Industrial Fatty Acids, Oils and Alcohols were:
In 2022, Colombia's main importing competitors in Industrial Fatty Acids, Oils and Alcohols were:

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Trade Value of Industrial Fatty Acids, Oils and Alcohols by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $625k
TOP IMPORT POTENTIALIndonesia+ $4.91M

Industrial Fatty Acids, Oils and Alcohols’s highest export potential is China. With an export gap of $625k.   Industrial Fatty Acids, Oils and Alcohols’s highest import potential is Indonesia with an import gap of $4.91M.

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