2022
Exports
$686kWorld Rnk 50 / 91
Flag Rnk 616 / 1142
2022
PRODUCT COMPLEXITY IN Steel Bars
0.58Rnk 331 / 1025
2022
Imports
$44.7MWorld Rnk 21 / 169
Flag Rnk 280 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $686k in Steel Bars, making it the 50th largest exporter of Steel Bars in the world. At the same year, Steel Bars was the 616th most exported product in Colombia. The main destination of Steel Bars exports from Colombia are: Venezuela ($433k), Dominican Republic ($229k), and Nicaragua ($24.2k).

The fastest growing export markets for Steel Bars of Colombia between 2021 and 2022 were Venezuela ($423k), Dominican Republic ($229k), and Nicaragua ($24.2k).

Imports In 2022, Colombia imported $44.7M in Steel Bars, becoming the 21st largest importer of Steel Bars in the world. At the same year, Steel Bars was the 280th most imported product in Colombia. Colombia imports Steel Bars primarily from: Mexico ($22.3M), Brazil ($16.8M), Russia ($2.74M), China ($2.72M), and Chile ($78.5k).

The fastest growing import markets in Steel Bars for Colombia between 2021 and 2022 were Brazil ($14.1M), Mexico ($11.9M), and Italy ($22.1k).

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 Steel Bars. 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)$686k
IMPORTS (2022)$44.7M
NET TRADE (2022)-$44.1M

In 2022, Colombia exported $686k in Steel Bars. The main destinations of Colombia exports on Steel Bars were Venezuela ($433k), Dominican Republic ($229k), and Nicaragua ($24.2k).

In 2022, Colombia imported $44.7M in Steel Bars, mainly from Mexico ($22.3M), Brazil ($16.8M), Russia ($2.74M), China ($2.72M), and Chile ($78.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Steel Bars EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Venezuela$423k (4.25k%)
Nicaragua$24.2k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Bars BY Colombia WERE (2021 - 2022):
Ecuador-$601k (-100%)
Barbados-$36 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Steel Bars were:
In 2022, Colombia's main importing competitors in Steel Bars were:

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Trade Value of Steel Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNicaragua+ $11.6k
TOP IMPORT POTENTIALChina+ $2.24M

Steel Bars’s highest export potential is Nicaragua. With an export gap of $11.6k.   Steel Bars’s highest import potential is China with an import gap of $2.24M.

See methodology.

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