2022
Exports
$57.7kWorld Rnk 68 / 166
Flag Rnk 908 / 1142
2022
PRODUCT COMPLEXITY IN Musical Instrument Parts
1.19Rnk 106 / 1025
2022
Imports
$3.14MWorld Rnk 49 / 204
Flag Rnk 770 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $57.7k in Musical Instrument Parts, making it the 68th largest exporter of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 908th most exported product in Colombia. The main destination of Musical Instrument Parts exports from Colombia are: United States ($29.5k), Ecuador ($15.2k), Chile ($7.59k), Panama ($2.28k), and Venezuela ($1.21k).

The fastest growing export markets for Musical Instrument Parts of Colombia between 2021 and 2022 were United States ($27k), Ecuador ($15k), and Chile ($3.05k).

Imports In 2022, Colombia imported $3.14M in Musical Instrument Parts, becoming the 49th largest importer of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 770th most imported product in Colombia. Colombia imports Musical Instrument Parts primarily from: China ($1.46M), United States ($982k), Chinese Taipei ($159k), France ($104k), and Austria ($77.8k).

The fastest growing import markets in Musical Instrument Parts for Colombia between 2021 and 2022 were China ($188k), United States ($140k), and Chinese Taipei ($73.1k).

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 Musical Instrument Parts. 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)$57.7k
IMPORTS (2022)$3.14M
NET TRADE (2022)-$3.08M

In 2022, Colombia exported $57.7k in Musical Instrument Parts. The main destinations of Colombia exports on Musical Instrument Parts were United States ($29.5k), Ecuador ($15.2k), Chile ($7.59k), Panama ($2.28k), and Venezuela ($1.21k).

In 2022, Colombia imported $3.14M in Musical Instrument Parts, mainly from China ($1.46M), United States ($982k), Chinese Taipei ($159k), France ($104k), and Austria ($77.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Musical Instrument Parts EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
United States$27k (1.1k%)
Ecuador$15k (12.3k%)
Chile$3.05k (67.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Musical Instrument Parts BY Colombia WERE (2021 - 2022):
United Kingdom-$3.92k (-100%)
United Arab Emirates-$1.53k (-99.7%)
Spain-$1.32k (-89.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Musical Instrument Parts were:
In 2022, Colombia's main importing competitors in Musical Instrument Parts were:

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Trade Value of Musical Instrument Parts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $35.5k
TOP IMPORT POTENTIALChina+ $339k

Musical Instrument Parts’s highest export potential is United States. With an export gap of $35.5k.   Musical Instrument Parts’s highest import potential is China with an import gap of $339k.

See methodology.

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