2022
Exports
$4.32MWorld Rnk 46 / 158
Flag Rnk 350 / 1142
2022
PRODUCT COMPLEXITY IN Industrial Furnaces
0.84Rnk 229 / 1025
2022
Imports
$19.4MWorld Rnk 52 / 213
Flag Rnk 417 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $4.32M in Industrial Furnaces, making it the 46th largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 350th most exported product in Colombia. The main destination of Industrial Furnaces exports from Colombia are: United States ($768k), Uruguay ($460k), Dominican Republic ($420k), Chile ($358k), and United Kingdom ($357k).

The fastest growing export markets for Industrial Furnaces of Colombia between 2021 and 2022 were United States ($361k), United Kingdom ($357k), and Uruguay ($322k).

Imports In 2022, Colombia imported $19.4M in Industrial Furnaces, becoming the 52nd largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 417th most imported product in Colombia. Colombia imports Industrial Furnaces primarily from: United States ($5.49M), Italy ($5.4M), China ($2.83M), Denmark ($1.09M), and Germany ($924k).

The fastest growing import markets in Industrial Furnaces for Colombia between 2021 and 2022 were Italy ($1.95M), Denmark ($1.08M), and Mexico ($637k).

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 Industrial Furnaces. 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)$4.32M
IMPORTS (2022)$19.4M
NET TRADE (2022)-$15.1M

In 2022, Colombia exported $4.32M in Industrial Furnaces. The main destinations of Colombia exports on Industrial Furnaces were United States ($768k), Uruguay ($460k), Dominican Republic ($420k), Chile ($358k), and United Kingdom ($357k).

In 2022, Colombia imported $19.4M in Industrial Furnaces, mainly from United States ($5.49M), Italy ($5.4M), China ($2.83M), Denmark ($1.09M), and Germany ($924k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
United States$361k (88.9%)
United Kingdom$357k (1%)
Uruguay$322k (235%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Colombia WERE (2021 - 2022):
Spain-$99.1k (-100%)
Ecuador-$50.8k (-14.6%)
Brazil-$39k (-12.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Industrial Furnaces were:
China $1.77B
Italy $645M
In 2022, Colombia's main importing competitors in Industrial Furnaces were:

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Trade Value of Industrial Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $633k
TOP IMPORT POTENTIALChina+ $1.96M

Industrial Furnaces’s highest export potential is United States. With an export gap of $633k.   Industrial Furnaces’s highest import potential is China with an import gap of $1.96M.

See methodology.

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