2022
Exports
$27.6MWorld Rnk 55 / 180
Flag Rnk 125 / 1142
2022
PRODUCT COMPLEXITY IN Malt Extract
0.015Rnk 542 / 1025
2022
Imports
$107MWorld Rnk 55 / 224
Flag Rnk 154 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $27.6M in Malt Extract, making it the 55th largest exporter of Malt Extract in the world. At the same year, Malt Extract was the 125th most exported product in Colombia. The main destination of Malt Extract exports from Colombia are: Peru ($12.2M), United States ($6.82M), Ecuador ($2.77M), Spain ($1.18M), and Venezuela ($1.13M).

The fastest growing export markets for Malt Extract of Colombia between 2021 and 2022 were United States ($834k), Bolivia ($136k), and Venezuela ($134k).

Imports In 2022, Colombia imported $107M in Malt Extract, becoming the 55th largest importer of Malt Extract in the world. At the same year, Malt Extract was the 154th most imported product in Colombia. Colombia imports Malt Extract primarily from: Mexico ($23.6M), Ireland ($15.5M), Singapore ($13M), United States ($10M), and Chile ($7.72M).

The fastest growing import markets in Malt Extract for Colombia between 2021 and 2022 were Singapore ($6.23M), Argentina ($3.69M), and Paraguay ($2.47M).

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 Malt Extract. 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)$27.6M
IMPORTS (2022)$107M
NET TRADE (2022)-$79M

In 2022, Colombia exported $27.6M in Malt Extract. The main destinations of Colombia exports on Malt Extract were Peru ($12.2M), United States ($6.82M), Ecuador ($2.77M), Spain ($1.18M), and Venezuela ($1.13M).

In 2022, Colombia imported $107M in Malt Extract, mainly from Mexico ($23.6M), Ireland ($15.5M), Singapore ($13M), United States ($10M), and Chile ($7.72M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Malt Extract EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
United States$834k (13.9%)
Bolivia$136k (4.54M%)
Venezuela$134k (13.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Malt Extract BY Colombia WERE (2021 - 2022):
Peru-$1.49M (-10.9%)
Ecuador-$670k (-19.5%)
Spain-$212k (-15.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Malt Extract were:
In 2022, Colombia's main importing competitors in Malt Extract were:

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Trade Value of Malt Extract by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.41M
TOP IMPORT POTENTIALUnited States+ $3.98M

Malt Extract’s highest export potential is United States. With an export gap of $4.41M.   Malt Extract’s highest import potential is United States with an import gap of $3.98M.

See methodology.

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