2023
Exports
$845kWorld Rnk 53 / 147
Flag Rnk 592 / 1150
2023
PRODUCT COMPLEXITY IN Pharmaceutical Rubber Products
0.34Rnk 442 / 1025
2023
Imports
$6.2MWorld Rnk 49 / 214
Flag Rnk 605 / 1192
2023
ECONOMIC COMPLEXITY of Colombia
0.23Rnk 51 / 132

About

Exports In 2023, Colombia exported $845k in Pharmaceutical Rubber Products, making it the 53rd largest exporter of Pharmaceutical Rubber Products in the world. At the same year, Pharmaceutical Rubber Products was the 592nd most exported product in Colombia. The main destination of Pharmaceutical Rubber Products exports from Colombia are: Dominican Republic ($257k), Ecuador ($170k), Peru ($100k), Guatemala ($62.3k), and United States ($57k).

The fastest growing export markets for Pharmaceutical Rubber Products of Colombia between 2022 and 2023 were Dominican Republic ($102k), United States ($57k), and Peru ($45.9k).

Imports In 2023, Colombia imported $6.2M in Pharmaceutical Rubber Products, becoming the 49th largest importer of Pharmaceutical Rubber Products in the world. At the same year, Pharmaceutical Rubber Products was the 605th most imported product in Colombia. Colombia imports Pharmaceutical Rubber Products primarily from: Thailand ($2.55M), China ($1.86M), Malaysia ($1.25M), United States ($140k), and Chinese Taipei ($79.6k).

The fastest growing import markets in Pharmaceutical Rubber Products for Colombia between 2022 and 2023 were Thailand ($181k), Chinese Taipei ($61.3k), and United States ($51.7k).

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 Pharmaceutical Rubber Products. 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)$845k
IMPORTS (2023)$6.2M
NET TRADE (2023)-$5.36M

In 2023, Colombia exported $845k in Pharmaceutical Rubber Products. The main destinations of Colombia exports on Pharmaceutical Rubber Products were Dominican Republic ($257k), Ecuador ($170k), Peru ($100k), Guatemala ($62.3k), and United States ($57k).

In 2023, Colombia imported $6.2M in Pharmaceutical Rubber Products, mainly from Thailand ($2.55M), China ($1.86M), Malaysia ($1.25M), United States ($140k), and Chinese Taipei ($79.6k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical Rubber Products EXPORT MARKETS FOR Colombia WERE (2022 - 2023):
Dominican Republic$102k (65.9%)
United States$57k (1%)
Peru$45.9k (84.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical Rubber Products BY Colombia WERE (2022 - 2023):
Saudi Arabia-$31.7k (-100%)
Bolivia-$31.6k (-98.1%)
Ecuador-$28k (-14.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Colombia's main exporting competitors in Pharmaceutical Rubber Products were:
In 2023, Colombia's main importing competitors in Pharmaceutical Rubber Products were:

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Trade Value of Pharmaceutical Rubber Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $33k
TOP IMPORT POTENTIALChina+ $391k

Pharmaceutical Rubber Products’s highest export potential is Germany. With an export gap of $33k.   Pharmaceutical Rubber Products’s highest import potential is China with an import gap of $391k.

See methodology.

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