2022
Exports
$20MWorld Rnk 64 / 202
Flag Rnk 162 / 1142
2022
PRODUCT COMPLEXITY IN Sauces and Seasonings
-0.62Rnk 736 / 1025
2022
Imports
$51.9MWorld Rnk 56 / 225
Flag Rnk 255 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $20M in Sauces and Seasonings, making it the 64th largest exporter of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 162nd most exported product in Colombia. The main destination of Sauces and Seasonings exports from Colombia are: United States ($7.95M), Venezuela ($1.72M), Ecuador ($1.66M), United Kingdom ($1.55M), and Peru ($1.23M).

The fastest growing export markets for Sauces and Seasonings of Colombia between 2021 and 2022 were Venezuela ($1.29M), United Kingdom ($1.17M), and United Arab Emirates ($366k).

Imports In 2022, Colombia imported $51.9M in Sauces and Seasonings, becoming the 56th largest importer of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 255th most imported product in Colombia. Colombia imports Sauces and Seasonings primarily from: United States ($24.7M), Mexico ($11.7M), Italy ($5.53M), Canada ($1.71M), and Chile ($1.69M).

The fastest growing import markets in Sauces and Seasonings for Colombia between 2021 and 2022 were Mexico ($395k), Ecuador ($252k), and Canada ($209k).

Latest Trends

Nov 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 Sauces and Seasonings. 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)$20M
IMPORTS (2022)$51.9M
NET TRADE (2022)-$31.9M

In 2022, Colombia exported $20M in Sauces and Seasonings. The main destinations of Colombia exports on Sauces and Seasonings were United States ($7.95M), Venezuela ($1.72M), Ecuador ($1.66M), United Kingdom ($1.55M), and Peru ($1.23M).

In 2022, Colombia imported $51.9M in Sauces and Seasonings, mainly from United States ($24.7M), Mexico ($11.7M), Italy ($5.53M), Canada ($1.71M), and Chile ($1.69M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sauces and Seasonings EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Venezuela$1.29M (294%)
United Kingdom$1.17M (305%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sauces and Seasonings BY Colombia WERE (2021 - 2022):
Belgium-$469k (-30.6%)
Haiti-$283k (-93.1%)
Chile-$210k (-42.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Sauces and Seasonings were:
In 2022, Colombia's main importing competitors in Sauces and Seasonings were:

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Trade Value of Sauces and Seasonings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.92M
TOP IMPORT POTENTIALItaly+ $1.81M

Sauces and Seasonings’s highest export potential is United States. With an export gap of $4.92M.   Sauces and Seasonings’s highest import potential is Italy with an import gap of $1.81M.

See methodology.

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