2022
Exports
$260kWorld Rnk 79 / 128
Flag Rnk 746 / 1142
2022
PRODUCT COMPLEXITY IN Iron Ore
-1.79Rnk 980 / 1025
2022
Imports
$24.7kWorld Rnk 99 / 130
Flag Rnk 1138 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $260k in Iron Ore, making it the 79th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 746th most exported product in Colombia. The main destination of Iron Ore exports from Colombia are: Netherlands ($259k) and Spain ($1.66k).

The fastest growing export markets for Iron Ore of Colombia between 2021 and 2022 were Netherlands ($259k) and Spain ($1.54k).

Imports In 2022, Colombia imported $24.7k in Iron Ore, becoming the 99th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 1138th most imported product in Colombia. Colombia imports Iron Ore primarily from: France ($9.09k), United States ($4.56k), China ($4.13k), Austria ($3.42k), and Peru ($2.48k).

The fastest growing import markets in Iron Ore for Colombia between 2021 and 2022 were Peru ($2.48k) and China ($103).

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 Iron Ore. 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)$260k
IMPORTS (2022)$24.7k
NET TRADE (2022)$236k

In 2022, Colombia exported $260k in Iron Ore. The main destinations of Colombia exports on Iron Ore were Netherlands ($259k) and Spain ($1.66k).

In 2022, Colombia imported $24.7k in Iron Ore, mainly from France ($9.09k), United States ($4.56k), China ($4.13k), Austria ($3.42k), and Peru ($2.48k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Netherlands$259k (1%)
Spain$1.54k (1.31k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Colombia WERE (2021 - 2022):
Chile-$213 (-100%)
China-$77 (-100%)
Canada-$9 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Iron Ore were:
Brazil $30.1B
Canada $6.81B
In 2022, Colombia's main importing competitors in Iron Ore were:

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $211k
TOP IMPORT POTENTIALUnited States+ $13.2k

Iron Ore’s highest export potential is Netherlands. With an export gap of $211k.   Iron Ore’s highest import potential is United States with an import gap of $13.2k.

See methodology.

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