2022
Exports
$24.9MWorld Rnk 58 / 216
Flag Rnk 139 / 1142
2022
PRODUCT COMPLEXITY IN Machinery Having Individual Functions
1.9Rnk 10 / 1025
2022
Imports
$271MWorld Rnk 50 / 225
Flag Rnk 52 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $24.9M in Machinery Having Individual Functions, making it the 58th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 139th most exported product in Colombia. The main destination of Machinery Having Individual Functions exports from Colombia are: Mexico ($6.8M), Peru ($4.01M), Ecuador ($2.94M), Guatemala ($2.47M), and United States ($2.31M).

The fastest growing export markets for Machinery Having Individual Functions of Colombia between 2021 and 2022 were Mexico ($2.2M), Peru ($1.78M), and United States ($1.54M).

Imports In 2022, Colombia imported $271M in Machinery Having Individual Functions, becoming the 50th largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 52nd most imported product in Colombia. Colombia imports Machinery Having Individual Functions primarily from: China ($73.7M), United States ($59.2M), Italy ($28M), Germany ($23.7M), and Spain ($18.8M).

The fastest growing import markets in Machinery Having Individual Functions for Colombia between 2021 and 2022 were China ($48.8M), United States ($19.8M), and Spain ($10.2M).

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 Machinery Having Individual Functions. 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)$24.9M
IMPORTS (2022)$271M
NET TRADE (2022)-$246M

In 2022, Colombia exported $24.9M in Machinery Having Individual Functions. The main destinations of Colombia exports on Machinery Having Individual Functions were Mexico ($6.8M), Peru ($4.01M), Ecuador ($2.94M), Guatemala ($2.47M), and United States ($2.31M).

In 2022, Colombia imported $271M in Machinery Having Individual Functions, mainly from China ($73.7M), United States ($59.2M), Italy ($28M), Germany ($23.7M), and Spain ($18.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Mexico$2.2M (47.9%)
Peru$1.78M (79.8%)
United States$1.54M (198%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Colombia WERE (2021 - 2022):
Argentina-$669k (-76.1%)
Paraguay-$295k (-99.8%)
Egypt-$180k (-61%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Machinery Having Individual Functions were:
In 2022, Colombia's main importing competitors in Machinery Having Individual Functions were:

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Trade Value of Machinery Having Individual Functions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.57M
TOP IMPORT POTENTIALChina+ $22.2M

Machinery Having Individual Functions’s highest export potential is United States. With an export gap of $4.57M.   Machinery Having Individual Functions’s highest import potential is China with an import gap of $22.2M.

See methodology.

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