2023
Exports
$2.74MWorld Rnk 61 / 149
Flag Rnk 421 / 1150
2023
PRODUCT COMPLEXITY IN Other Steel Bars
0.32Rnk 450 / 1025
2023
Imports
$18.9MWorld Rnk 65 / 213
Flag Rnk 389 / 1192
2023
ECONOMIC COMPLEXITY of Colombia
0.23Rnk 51 / 132

About

Exports In 2023, Colombia exported $2.74M in Other Steel Bars, making it the 61st largest exporter of Other Steel Bars in the world. At the same year, Other Steel Bars was the 421st most exported product in Colombia. The main destination of Other Steel Bars exports from Colombia are: Venezuela ($2.22M), Peru ($85.4k), Aruba ($79.7k), Panama ($75.2k), and Ecuador ($70k).

The fastest growing export markets for Other Steel Bars of Colombia between 2022 and 2023 were Aruba ($79.7k), Panama ($68.2k), and Peru ($46.1k).

Imports In 2023, Colombia imported $18.9M in Other Steel Bars, becoming the 65th largest importer of Other Steel Bars in the world. At the same year, Other Steel Bars was the 389th most imported product in Colombia. Colombia imports Other Steel Bars primarily from: China ($6.75M), Spain ($2.62M), India ($1.91M), Sweden ($1.39M), and Canada ($1.13M).

The fastest growing import markets in Other Steel Bars for Colombia between 2022 and 2023 were Germany ($79.4k), Luxembourg ($58.3k), and Chinese Taipei ($58.1k).

Latest Trends

Jan 2025

Subnational Monthly Trade

View
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 Other Steel Bars. 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)$2.74M
IMPORTS (2023)$18.9M
NET TRADE (2023)-$16.2M

In 2023, Colombia exported $2.74M in Other Steel Bars. The main destinations of Colombia exports on Other Steel Bars were Venezuela ($2.22M), Peru ($85.4k), Aruba ($79.7k), Panama ($75.2k), and Ecuador ($70k).

In 2023, Colombia imported $18.9M in Other Steel Bars, mainly from China ($6.75M), Spain ($2.62M), India ($1.91M), Sweden ($1.39M), and Canada ($1.13M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Steel Bars EXPORT MARKETS FOR Colombia WERE (2022 - 2023):
Aruba$79.7k (1%)
Panama$68.2k (978%)
Peru$46.1k (118%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Steel Bars BY Colombia WERE (2022 - 2023):
Venezuela-$475k (-17.6%)
Costa Rica-$59.6k (-87.2%)
Dominican Republic-$20.5k (-60.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Colombia's main exporting competitors in Other Steel Bars were:
China $3.16B
Germany $1.62B
Japan $940M
In 2023, Colombia's main importing competitors in Other Steel Bars were:

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Trade Value of Other Steel Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPeru+ $135k
TOP IMPORT POTENTIALChina+ $3.51M

Other Steel Bars’s highest export potential is Peru. With an export gap of $135k.   Other Steel Bars’s highest import potential is China with an import gap of $3.51M.

See methodology.

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