2018
Exports
$44.1MWorld Rnk 73 / 212
Flag Rnk 87 / 1142
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.59Rnk 720 / 1025
2018
Imports
$7.31MWorld Rnk 71 / 187
Flag Rnk 615 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2018, Colombia exported $44.1M in Scrap Iron, making it the 73rd largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 87th most exported product in Colombia. The main destination of Scrap Iron exports from Colombia are: Chinese Taipei ($9.83M), Spain ($7.61M), India ($6.73M), Netherlands ($5.96M), and Thailand ($4.9M).

The fastest growing export markets for Scrap Iron of Colombia between 2021 and 2022 were Spain ($3.2M), China ($1.16M), and Bangladesh ($930k).

Imports In 2022, Colombia imported $7.31M in Scrap Iron, becoming the 71st largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 615th most imported product in Colombia. Colombia imports Scrap Iron primarily from: Panama ($3.5M), Cayman Islands ($1.8M), China ($739k), Venezuela ($380k), and Turks and Caicos Islands ($337k).

The fastest growing import markets in Scrap Iron for Colombia between 2021 and 2022 were China ($508k), Turks and Caicos Islands ($337k), and United States ($69k).

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 Scrap Iron. 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)$44.1M
IMPORTS (2022)$7.31M
NET TRADE (2022)$36.8M

In 2022, Colombia exported $44.1M in Scrap Iron. The main destinations of Colombia exports on Scrap Iron were Chinese Taipei ($9.83M), Spain ($7.61M), India ($6.73M), Netherlands ($5.96M), and Thailand ($4.9M).

In 2022, Colombia imported $7.31M in Scrap Iron, mainly from Panama ($3.5M), Cayman Islands ($1.8M), China ($739k), Venezuela ($380k), and Turks and Caicos Islands ($337k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Spain$3.2M (72.5%)
China$1.16M (1%)
Bangladesh$930k (105%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Colombia WERE (2021 - 2022):
Thailand-$3.45M (-41.3%)
India-$1.01M (-13%)
Chinese Taipei-$726k (-6.87%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Scrap Iron were:
In 2022, Colombia's main importing competitors in Scrap Iron were:
Turkey $8.77B
India $5.65B
Belgium $2.84B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $7.13M
TOP IMPORT POTENTIALUnited States+ $530k

Scrap Iron’s highest export potential is India. With an export gap of $7.13M.   Scrap Iron’s highest import potential is United States with an import gap of $530k.

See methodology.

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