2023
Exports
$22.1MWorld Rnk 63 / 223
Flag Rnk 158 / 1150
2023
PRODUCT COMPLEXITY IN Valves
1.34Rnk 71 / 1025
2023
Imports
$270MWorld Rnk 55 / 226
Flag Rnk 42 / 1192
2023
ECONOMIC COMPLEXITY of Colombia
0.23Rnk 51 / 132

About

Exports In 2023, Colombia exported $22.1M in Valves, making it the 63rd largest exporter of Valves in the world. At the same year, Valves was the 158th most exported product in Colombia. The main destination of Valves exports from Colombia are: Peru ($4.03M), Mexico ($3.69M), Ecuador ($2.51M), Guatemala ($2.12M), and United States ($1.94M).

The fastest growing export markets for Valves of Colombia between 2022 and 2023 were United States ($568k), Germany ($423k), and Panama ($397k).

Imports In 2023, Colombia imported $270M in Valves, becoming the 55th largest importer of Valves in the world. At the same year, Valves was the 42nd most imported product in Colombia. Colombia imports Valves primarily from: China ($89.8M), United States ($74.2M), Italy ($16.1M), Germany ($13.1M), and Mexico ($11.8M).

The fastest growing import markets in Valves for Colombia between 2022 and 2023 were Japan ($1.32M), Poland ($937k), and Uruguay ($410k).

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 Valves. 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)$22.1M
IMPORTS (2023)$270M
NET TRADE (2023)-$248M

In 2023, Colombia exported $22.1M in Valves. The main destinations of Colombia exports on Valves were Peru ($4.03M), Mexico ($3.69M), Ecuador ($2.51M), Guatemala ($2.12M), and United States ($1.94M).

In 2023, Colombia imported $270M in Valves, mainly from China ($89.8M), United States ($74.2M), Italy ($16.1M), Germany ($13.1M), and Mexico ($11.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Valves EXPORT MARKETS FOR Colombia WERE (2022 - 2023):
United States$568k (41.3%)
Germany$423k (245%)
Panama$397k (71%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Valves BY Colombia WERE (2022 - 2023):
Peru-$1.08M (-21.1%)
Costa Rica-$953k (-39.7%)
Brazil-$588k (-88.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Valves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.62M
TOP IMPORT POTENTIALChina+ $32.8M

Valves’s highest export potential is United States. With an export gap of $4.62M.   Valves’s highest import potential is China with an import gap of $32.8M.

See methodology.

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