2022
Exports
$51.6MWorld Rnk 65 / 226
Flag Rnk 76 / 1142
2022
PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705)
1Rnk 170 / 1025
2022
Imports
$734MWorld Rnk 51 / 225
Flag Rnk 14 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $51.6M in Motor vehicles; parts and accessories (8701 to 8705), making it the 65th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 76th most exported product in Colombia. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Colombia are: United States ($24M), Ecuador ($11.9M), Argentina ($2.35M), China ($2.07M), and Mexico ($1.46M).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Colombia between 2021 and 2022 were United States ($2.88M), Ecuador ($2.08M), and China ($2.06M).

Imports In 2022, Colombia imported $734M in Motor vehicles; parts and accessories (8701 to 8705), becoming the 51st largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 14th most imported product in Colombia. Colombia imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: China ($169M), United States ($148M), Brazil ($114M), Romania ($50.1M), and Japan ($48.1M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Colombia between 2021 and 2022 were United States ($59.5M), China ($53.9M), and Brazil ($47.3M).

Latest Trends

Sep 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 Motor vehicles; parts and accessories (8701 to 8705). 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)$51.6M
IMPORTS (2022)$734M
NET TRADE (2022)-$682M

In 2022, Colombia exported $51.6M in Motor vehicles; parts and accessories (8701 to 8705). The main destinations of Colombia exports on Motor vehicles; parts and accessories (8701 to 8705) were United States ($24M), Ecuador ($11.9M), Argentina ($2.35M), China ($2.07M), and Mexico ($1.46M).

In 2022, Colombia imported $734M in Motor vehicles; parts and accessories (8701 to 8705), mainly from China ($169M), United States ($148M), Brazil ($114M), Romania ($50.1M), and Japan ($48.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
United States$2.88M (13.6%)
Ecuador$2.08M (21.3%)
China$2.06M (49.8k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY Colombia WERE (2021 - 2022):
Mexico-$830k (-36.3%)
Brazil-$245k (-28.9%)
Chile-$88k (-8.58%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
In 2022, Colombia's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:

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Trade Value of Motor vehicles; parts and accessories (8701 to 8705) by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $29.3M
TOP IMPORT POTENTIALChina+ $81.1M

Motor vehicles; parts and accessories (8701 to 8705)’s highest export potential is United States. With an export gap of $29.3M.   Motor vehicles; parts and accessories (8701 to 8705)’s highest import potential is China with an import gap of $81.1M.

See methodology.

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