2022
Exports
$164World Rnk 130 / 139
Flag Rnk 1116 / 1142
2022
PRODUCT COMPLEXITY IN Soybeans
-1.62Rnk 963 / 1025
2022
Imports
$342MWorld Rnk 28 / 200
Flag Rnk 38 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $164 in Soybeans, making it the 130th largest exporter of Soybeans in the world. At the same year, Soybeans was the 1116th most exported product in Colombia. The main destination of Soybeans exports from Colombia are: Netherlands ($103), Paraguay ($25), Nicaragua ($23), Canada ($9), and Aruba ($4).

The fastest growing export markets for Soybeans of Colombia between 2021 and 2022 were Netherlands ($103), Paraguay ($25), and Nicaragua ($23).

Imports In 2022, Colombia imported $342M in Soybeans, becoming the 28th largest importer of Soybeans in the world. At the same year, Soybeans was the 38th most imported product in Colombia. Colombia imports Soybeans primarily from: United States ($320M), Bolivia ($21.4M), Brazil ($525k), China ($119k), and Spain ($36).

The fastest growing import markets in Soybeans for Colombia between 2021 and 2022 were United States ($82.2M), Bolivia ($21.4M), and China ($22.5k).

Latest Trends

Sep 2024

Subnational Monthly Trade

View
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 (2022)$164
IMPORTS (2022)$342M
NET TRADE (2022)-$342M

In 2022, Colombia exported $164 in Soybeans. The main destinations of Colombia exports on Soybeans were Netherlands ($103), Paraguay ($25), Nicaragua ($23), Canada ($9), and Aruba ($4).

In 2022, Colombia imported $342M in Soybeans, mainly from United States ($320M), Bolivia ($21.4M), Brazil ($525k), China ($119k), and Spain ($36).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Netherlands$103 (1%)
Paraguay$25 (1%)
Nicaragua$23 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Colombia WERE (2021 - 2022):
Zambia-$1.05k (-100%)
United States-$675 (-100%)
El Salvador-$261 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Soybeans were:
In 2022, Colombia's main importing competitors in Soybeans were:
China $54.1B
Mexico $4.08B
Japan $2.47B

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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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