2023
Exports
$80.9kWorld Rnk 73 / 161
Flag Rnk 895 / 1150
2023
PRODUCT COMPLEXITY IN Soldering and Welding Machinery
1.42Rnk 59 / 1025
2023
Imports
$2.06MWorld Rnk 66 / 218
Flag Rnk 801 / 1192
2023
ECONOMIC COMPLEXITY of Colombia
0.23Rnk 51 / 132

About

Exports In 2023, Colombia exported $80.9k in Soldering and Welding Machinery, making it the 73rd largest exporter of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 895th most exported product in Colombia. The main destination of Soldering and Welding Machinery exports from Colombia are: Ecuador ($35k), Panama ($30.1k), Peru ($4.48k), Chile ($4.21k), and Venezuela ($3.64k).

The fastest growing export markets for Soldering and Welding Machinery of Colombia between 2022 and 2023 were Ecuador ($28.2k), Panama ($18.1k), and Peru ($4.48k).

Imports In 2023, Colombia imported $2.06M in Soldering and Welding Machinery, becoming the 66th largest importer of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 801st most imported product in Colombia. Colombia imports Soldering and Welding Machinery primarily from: China ($695k), Mexico ($467k), United States ($216k), Italy ($214k), and Netherlands ($178k).

The fastest growing import markets in Soldering and Welding Machinery for Colombia between 2022 and 2023 were Netherlands ($167k), Italy ($122k), and Spain ($50.7k).

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 Soldering and Welding Machinery. 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)$80.9k
IMPORTS (2023)$2.06M
NET TRADE (2023)-$1.98M

In 2023, Colombia exported $80.9k in Soldering and Welding Machinery. The main destinations of Colombia exports on Soldering and Welding Machinery were Ecuador ($35k), Panama ($30.1k), Peru ($4.48k), Chile ($4.21k), and Venezuela ($3.64k).

In 2023, Colombia imported $2.06M in Soldering and Welding Machinery, mainly from China ($695k), Mexico ($467k), United States ($216k), Italy ($214k), and Netherlands ($178k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soldering and Welding Machinery EXPORT MARKETS FOR Colombia WERE (2022 - 2023):
Ecuador$28.2k (412%)
Panama$18.1k (150%)
Peru$4.48k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soldering and Welding Machinery BY Colombia WERE (2022 - 2023):
United States-$37.7k (-100%)
Dominican Republic-$2.45k (-93.7%)
Guatemala-$1.95k (-98.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Colombia's main exporting competitors in Soldering and Welding Machinery were:
In 2023, Colombia's main importing competitors in Soldering and Welding Machinery were:

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Trade Value of Soldering and Welding Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $35.8k
TOP IMPORT POTENTIALChina+ $381k

Soldering and Welding Machinery’s highest export potential is United States. With an export gap of $35.8k.   Soldering and Welding Machinery’s highest import potential is China with an import gap of $381k.

See methodology.

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