2022
Exports
$3.08MWorld Rnk 57 / 195
Flag Rnk 396 / 1142
2022
PRODUCT COMPLEXITY IN Lubricating Products
1.61Rnk 36 / 1025
2022
Imports
$58.4MWorld Rnk 42 / 224
Flag Rnk 242 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $3.08M in Lubricating Products, making it the 57th largest exporter of Lubricating Products in the world. At the same year, Lubricating Products was the 396th most exported product in Colombia. The main destination of Lubricating Products exports from Colombia are: Ecuador ($1.42M), Peru ($1.08M), Panama ($192k), Venezuela ($186k), and Chile ($83.7k).

The fastest growing export markets for Lubricating Products of Colombia between 2021 and 2022 were Ecuador ($580k), Peru ($92k), and Panama ($77k).

Imports In 2022, Colombia imported $58.4M in Lubricating Products, becoming the 42nd largest importer of Lubricating Products in the world. At the same year, Lubricating Products was the 242nd most imported product in Colombia. Colombia imports Lubricating Products primarily from: United States ($30M), France ($9.46M), Germany ($4.16M), Mexico ($1.97M), and Netherlands ($1.75M).

The fastest growing import markets in Lubricating Products for Colombia between 2021 and 2022 were United States ($8.65M), France ($2.78M), and Brazil ($720k).

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 Lubricating Products. 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)$3.08M
IMPORTS (2022)$58.4M
NET TRADE (2022)-$55.4M

In 2022, Colombia exported $3.08M in Lubricating Products. The main destinations of Colombia exports on Lubricating Products were Ecuador ($1.42M), Peru ($1.08M), Panama ($192k), Venezuela ($186k), and Chile ($83.7k).

In 2022, Colombia imported $58.4M in Lubricating Products, mainly from United States ($30M), France ($9.46M), Germany ($4.16M), Mexico ($1.97M), and Netherlands ($1.75M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lubricating Products EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Ecuador$580k (69.3%)
Peru$92k (9.27%)
Panama$77k (67%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lubricating Products BY Colombia WERE (2021 - 2022):
Chile-$164k (-66.2%)
United States-$57.9k (-96.1%)
Vietnam-$36.8k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Lubricating Products were:
In 2022, Colombia's main importing competitors in Lubricating Products were:
China $1.71B

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Trade Value of Lubricating Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPeru+ $194k
TOP IMPORT POTENTIALGermany+ $2.68M

Lubricating Products’s highest export potential is Peru. With an export gap of $194k.   Lubricating Products’s highest import potential is Germany with an import gap of $2.68M.

See methodology.

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