2023
Exports
$65.1MWorld Rnk 25 / 162
Flag Rnk 70 / 1150
2023
PRODUCT COMPLEXITY IN Margarine
-0.85Rnk 793 / 1025
2023
Imports
$8.83MWorld Rnk 116 / 221
Flag Rnk 543 / 1192
2023
ECONOMIC COMPLEXITY of Colombia
0.23Rnk 51 / 132

About

Exports In 2023, Colombia exported $65.1M in Margarine, making it the 25th largest exporter of Margarine in the world. At the same year, Margarine was the 70th most exported product in Colombia. The main destination of Margarine exports from Colombia are: Panama ($15.4M), Ecuador ($13.1M), Peru ($8.38M), Venezuela ($7.23M), and United States ($5.94M).

The fastest growing export markets for Margarine of Colombia between 2022 and 2023 were Ecuador ($1.44M), Haiti ($905k), and Cuba ($411k).

Imports In 2023, Colombia imported $8.83M in Margarine, becoming the 116th largest importer of Margarine in the world. At the same year, Margarine was the 543rd most imported product in Colombia. Colombia imports Margarine primarily from: Bolivia ($2.49M), United States ($2.06M), France ($1.42M), Mexico ($742k), and Sweden ($383k).

The fastest growing import markets in Margarine for Colombia between 2022 and 2023 were Sweden ($376k), Malaysia ($224k), and United States ($87.1k).

Latest Trends

Dec 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 Margarine. 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 (2023)$65.1M
IMPORTS (2023)$8.83M
NET TRADE (2023)$56.3M

In 2023, Colombia exported $65.1M in Margarine. The main destinations of Colombia exports on Margarine were Panama ($15.4M), Ecuador ($13.1M), Peru ($8.38M), Venezuela ($7.23M), and United States ($5.94M).

In 2023, Colombia imported $8.83M in Margarine, mainly from Bolivia ($2.49M), United States ($2.06M), France ($1.42M), Mexico ($742k), and Sweden ($383k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Margarine EXPORT MARKETS FOR Colombia WERE (2022 - 2023):
Ecuador$1.44M (12.4%)
Haiti$905k (223%)
Cuba$411k (309%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Margarine BY Colombia WERE (2022 - 2023):
Chile-$6.18M (-63.3%)
Venezuela-$6.15M (-46%)
Peru-$4.25M (-33.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Colombia's main exporting competitors in Margarine were:
In 2023, Colombia's main importing competitors in Margarine were:
China $1.08B

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Trade Value of Margarine by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.62M
TOP IMPORT POTENTIALIndonesia+ $814k

Margarine’s highest export potential is United States. With an export gap of $5.62M.   Margarine’s highest import potential is Indonesia with an import gap of $814k.

See methodology.

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