2023
Exports
$352kWorld Rnk 65 / 196
Flag Rnk 721 / 1150
2023
PRODUCT COMPLEXITY IN Wrenches
1.5Rnk 44 / 1025
2023
Imports
$13.4MWorld Rnk 52 / 221
Flag Rnk 461 / 1192
2023
ECONOMIC COMPLEXITY of Colombia
0.23Rnk 51 / 132

About

Exports In 2023, Colombia exported $352k in Wrenches, making it the 65th largest exporter of Wrenches in the world. At the same year, Wrenches was the 721st most exported product in Colombia. The main destination of Wrenches exports from Colombia are: Peru ($93k), Brazil ($53.4k), El Salvador ($37.4k), Chile ($35.5k), and United States ($30.8k).

The fastest growing export markets for Wrenches of Colombia between 2022 and 2023 were Peru ($58.5k), Chile ($33.7k), and United States ($21.6k).

Imports In 2023, Colombia imported $13.4M in Wrenches, becoming the 52nd largest importer of Wrenches in the world. At the same year, Wrenches was the 461st most imported product in Colombia. Colombia imports Wrenches primarily from: China ($7.94M), Chinese Taipei ($1.69M), United States ($1.49M), India ($1.04M), and Mexico ($205k).

The fastest growing import markets in Wrenches for Colombia between 2022 and 2023 were Netherlands ($75.6k), Singapore ($43k), and France ($30.5k).

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 Wrenches. 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)$352k
IMPORTS (2023)$13.4M
NET TRADE (2023)-$13M

In 2023, Colombia exported $352k in Wrenches. The main destinations of Colombia exports on Wrenches were Peru ($93k), Brazil ($53.4k), El Salvador ($37.4k), Chile ($35.5k), and United States ($30.8k).

In 2023, Colombia imported $13.4M in Wrenches, mainly from China ($7.94M), Chinese Taipei ($1.69M), United States ($1.49M), India ($1.04M), and Mexico ($205k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Colombia WERE (2022 - 2023):
Peru$58.5k (170%)
Chile$33.7k (1.8k%)
United States$21.6k (235%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Colombia WERE (2022 - 2023):
Suriname-$23.6k (-100%)
Panama-$12k (-76.8%)
Mexico-$9.37k (-68.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Wrenches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBrazil+ $44.7k
TOP IMPORT POTENTIALIndia+ $610k

Wrenches’s highest export potential is Brazil. With an export gap of $44.7k.   Wrenches’s highest import potential is India with an import gap of $610k.

See methodology.

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