2022
Exports
$1.6MWorld Rnk 74 / 152
Flag Rnk 480 / 1142
2022
PRODUCT COMPLEXITY IN Seed Oils
-0.99Rnk 836 / 1025
2022
Imports
$30.8MWorld Rnk 80 / 211
Flag Rnk 341 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $1.6M in Seed Oils, making it the 74th largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 480th most exported product in Colombia. The main destination of Seed Oils exports from Colombia are: China ($861k), Ecuador ($521k), Peru ($78.7k), Lebanon ($67.1k), and Venezuela ($65.8k).

The fastest growing export markets for Seed Oils of Colombia between 2021 and 2022 were China ($861k), Ecuador ($521k), and Peru ($77k).

Imports In 2022, Colombia imported $30.8M in Seed Oils, becoming the 80th largest importer of Seed Oils in the world. At the same year, Seed Oils was the 341st most imported product in Colombia. Colombia imports Seed Oils primarily from: Argentina ($15.4M), Bolivia ($10.5M), Ecuador ($4.22M), Spain ($299k), and United States ($272k).

The fastest growing import markets in Seed Oils for Colombia between 2021 and 2022 were Argentina ($7.94M), United States ($226k), and Italy ($17.3k).

Latest Trends

Aug 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 Seed Oils. 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)$1.6M
IMPORTS (2022)$30.8M
NET TRADE (2022)-$29.2M

In 2022, Colombia exported $1.6M in Seed Oils. The main destinations of Colombia exports on Seed Oils were China ($861k), Ecuador ($521k), Peru ($78.7k), Lebanon ($67.1k), and Venezuela ($65.8k).

In 2022, Colombia imported $30.8M in Seed Oils, mainly from Argentina ($15.4M), Bolivia ($10.5M), Ecuador ($4.22M), Spain ($299k), and United States ($272k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
China$861k (1%)
Ecuador$521k (1%)
Peru$77k (4.42k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY Colombia WERE (2021 - 2022):
Panama-$113k (-100%)
Chile-$3.48k (-100%)
Ireland-$158 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Seed Oils were:
Ukraine $5.54B
Russia $3.01B
Turkey $1.88B
In 2022, Colombia's main importing competitors in Seed Oils were:

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Trade Value of Seed Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $603k
TOP IMPORT POTENTIALArgentina+ $1.01M

Seed Oils’s highest export potential is China. With an export gap of $603k.   Seed Oils’s highest import potential is Argentina with an import gap of $1.01M.

See methodology.

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