2022
Exports
$28MWorld Rnk 63 / 225
Flag Rnk 123 / 1142
2022
PRODUCT COMPLEXITY IN Low-voltage Protection Equipment
0.56Rnk 342 / 1025
2022
Imports
$203MWorld Rnk 54 / 226
Flag Rnk 74 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $28M in Low-voltage Protection Equipment, making it the 63rd largest exporter of Low-voltage Protection Equipment in the world. At the same year, Low-voltage Protection Equipment was the 123rd most exported product in Colombia. The main destination of Low-voltage Protection Equipment exports from Colombia are: Costa Rica ($5.54M), Peru ($5.39M), Mexico ($5.31M), Chile ($3.19M), and Ecuador ($2.24M).

The fastest growing export markets for Low-voltage Protection Equipment of Colombia between 2021 and 2022 were Costa Rica ($895k), Venezuela ($735k), and Ecuador ($574k).

Imports In 2022, Colombia imported $203M in Low-voltage Protection Equipment, becoming the 54th largest importer of Low-voltage Protection Equipment in the world. At the same year, Low-voltage Protection Equipment was the 74th most imported product in Colombia. Colombia imports Low-voltage Protection Equipment primarily from: China ($86.2M), United States ($32M), Germany ($16.8M), Brazil ($9.19M), and Mexico ($7.97M).

The fastest growing import markets in Low-voltage Protection Equipment for Colombia between 2021 and 2022 were China ($14.3M), United States ($4.96M), and Brazil ($2.83M).

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 Low-voltage Protection Equipment. 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)$28M
IMPORTS (2022)$203M
NET TRADE (2022)-$175M

In 2022, Colombia exported $28M in Low-voltage Protection Equipment. The main destinations of Colombia exports on Low-voltage Protection Equipment were Costa Rica ($5.54M), Peru ($5.39M), Mexico ($5.31M), Chile ($3.19M), and Ecuador ($2.24M).

In 2022, Colombia imported $203M in Low-voltage Protection Equipment, mainly from China ($86.2M), United States ($32M), Germany ($16.8M), Brazil ($9.19M), and Mexico ($7.97M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Low-voltage Protection Equipment EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Costa Rica$895k (19.3%)
Venezuela$735k (361%)
Ecuador$574k (34.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Low-voltage Protection Equipment BY Colombia WERE (2021 - 2022):
Peru-$4.25M (-44.1%)
United States-$1.93M (-46.7%)
Honduras-$812k (-88.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Low-voltage Protection Equipment were:
In 2022, Colombia's main importing competitors in Low-voltage Protection Equipment were:

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Trade Value of Low-voltage Protection Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $5.24M
TOP IMPORT POTENTIALChina+ $30.5M

Low-voltage Protection Equipment’s highest export potential is Mexico. With an export gap of $5.24M.   Low-voltage Protection Equipment’s highest import potential is China with an import gap of $30.5M.

See methodology.

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