2023
Exports
$2.91MWorld Rnk 38 / 122
Flag Rnk 407 / 1150
2023
PRODUCT COMPLEXITY IN Steel Wire
1.13Rnk 131 / 1025
2023
Imports
$9.64MWorld Rnk 42 / 200
Flag Rnk 526 / 1192
2023
ECONOMIC COMPLEXITY of Colombia
0.23Rnk 51 / 132

About

Exports In 2023, Colombia exported $2.91M in Steel Wire, making it the 38th largest exporter of Steel Wire in the world. At the same year, Steel Wire was the 407th most exported product in Colombia. The main destination of Steel Wire exports from Colombia are: Costa Rica ($2.04M), Nicaragua ($282k), Dominican Republic ($154k), Venezuela ($101k), and Mexico ($97.4k).

The fastest growing export markets for Steel Wire of Colombia between 2022 and 2023 were Costa Rica ($1.82M), Nicaragua ($282k), and Dominican Republic ($152k).

Imports In 2023, Colombia imported $9.64M in Steel Wire, becoming the 42nd largest importer of Steel Wire in the world. At the same year, Steel Wire was the 526th most imported product in Colombia. Colombia imports Steel Wire primarily from: China ($2.98M), Russia ($2.07M), Turkey ($1.88M), Brazil ($1.39M), and Thailand ($673k).

The fastest growing import markets in Steel Wire for Colombia between 2022 and 2023 were United States ($175k), Netherlands ($16.8k), and Switzerland ($3.24k).

Latest Trends

Jan 2025

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 Wire. 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)$2.91M
IMPORTS (2023)$9.64M
NET TRADE (2023)-$6.73M

In 2023, Colombia exported $2.91M in Steel Wire. The main destinations of Colombia exports on Steel Wire were Costa Rica ($2.04M), Nicaragua ($282k), Dominican Republic ($154k), Venezuela ($101k), and Mexico ($97.4k).

In 2023, Colombia imported $9.64M in Steel Wire, mainly from China ($2.98M), Russia ($2.07M), Turkey ($1.88M), Brazil ($1.39M), and Thailand ($673k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Steel Wire EXPORT MARKETS FOR Colombia WERE (2022 - 2023):
Costa Rica$1.82M (805%)
Nicaragua$282k (1%)
Dominican Republic$152k (10.1k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Wire BY Colombia WERE (2022 - 2023):
United States-$405k (-99.4%)
Guyana-$18.8k (-77.2%)
Peru-$8.7k (-52.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Colombia's main exporting competitors in Steel Wire were:
In 2023, Colombia's main importing competitors in Steel Wire were:

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Trade Value of Steel Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $242k
TOP IMPORT POTENTIALChina+ $690k

Steel Wire’s highest export potential is United States. With an export gap of $242k.   Steel Wire’s highest import potential is China with an import gap of $690k.

See methodology.

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