2023
Exports
$1.05kWorld Rnk 120 / 142
Flag Rnk 1099 / 1150
2023
PRODUCT COMPLEXITY IN Soybeans
-1.67Rnk 968 / 1025
2023
Imports
$288MWorld Rnk 29 / 193
Flag Rnk 37 / 1192
2023
ECONOMIC COMPLEXITY of Colombia
0.23Rnk 51 / 132

About

Exports In 2023, Colombia exported $1.05k in Soybeans, making it the 120th largest exporter of Soybeans in the world. At the same year, Soybeans was the 1099th most exported product in Colombia. The main destination of Soybeans exports from Colombia are: Netherlands ($540), Curaçao ($225), Spain ($153), France ($123), and Switzerland ($12).

The fastest growing export markets for Soybeans of Colombia between 2022 and 2023 were Netherlands ($422), Curaçao ($225), and Spain ($153).

Imports In 2023, Colombia imported $288M in Soybeans, becoming the 29th largest importer of Soybeans in the world. At the same year, Soybeans was the 37th most imported product in Colombia. Colombia imports Soybeans primarily from: United States ($253M), Brazil ($28.4M), Bolivia ($6.49M), China ($147k), and Belgium ($13).

The fastest growing import markets in Soybeans for Colombia between 2022 and 2023 were Brazil ($27.8M), China ($8.97k), and Belgium ($13).

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 Soybeans. 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)$1.05k
IMPORTS (2023)$288M
NET TRADE (2023)-$288M

In 2023, Colombia exported $1.05k in Soybeans. The main destinations of Colombia exports on Soybeans were Netherlands ($540), Curaçao ($225), Spain ($153), France ($123), and Switzerland ($12).

In 2023, Colombia imported $288M in Soybeans, mainly from United States ($253M), Brazil ($28.4M), Bolivia ($6.49M), China ($147k), and Belgium ($13).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Colombia WERE (2022 - 2023):
Netherlands$422 (358%)
Curaçao$225 (1%)
Spain$153 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Colombia WERE (2022 - 2023):
Cuba-$3.78k (-100%)
Paraguay-$28 (-100%)
Nicaragua-$26 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Colombia's main exporting competitors in Soybeans were:
In 2023, Colombia's main importing competitors in Soybeans were:
China $56.6B
Japan $2.14B

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Trade Value of Soybeans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.14k
TOP IMPORT POTENTIALBolivia+ $6.42M

Soybeans’s highest export potential is China. With an export gap of $1.14k.   Soybeans’s highest import potential is Bolivia with an import gap of $6.42M.

See methodology.

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