2022
Exports
$1.24MWorld Rnk 51 / 183
Flag Rnk 518 / 1142
2022
PRODUCT COMPLEXITY IN Basketwork
-1.47Rnk 944 / 1025
2022
Imports
$1.89MWorld Rnk 58 / 216
Flag Rnk 849 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $1.24M in Basketwork, making it the 51st largest exporter of Basketwork in the world. At the same year, Basketwork was the 518th most exported product in Colombia. The main destination of Basketwork exports from Colombia are: Spain ($384k), China ($333k), United States ($184k), France ($47.2k), and United Kingdom ($32k).

The fastest growing export markets for Basketwork of Colombia between 2021 and 2022 were China ($237k), United States ($40.1k), and Switzerland ($30.8k).

Imports In 2022, Colombia imported $1.89M in Basketwork, becoming the 58th largest importer of Basketwork in the world. At the same year, Basketwork was the 849th most imported product in Colombia. Colombia imports Basketwork primarily from: China ($1.38M), Vietnam ($247k), Indonesia ($76.3k), Spain ($48.2k), and United States ($37.4k).

The fastest growing import markets in Basketwork for Colombia between 2021 and 2022 were China ($390k), Vietnam ($96k), and Indonesia ($47.5k).

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 Basketwork. 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)$1.24M
IMPORTS (2022)$1.89M
NET TRADE (2022)-$651k

In 2022, Colombia exported $1.24M in Basketwork. The main destinations of Colombia exports on Basketwork were Spain ($384k), China ($333k), United States ($184k), France ($47.2k), and United Kingdom ($32k).

In 2022, Colombia imported $1.89M in Basketwork, mainly from China ($1.38M), Vietnam ($247k), Indonesia ($76.3k), Spain ($48.2k), and United States ($37.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Basketwork EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
China$237k (245%)
United States$40.1k (27.9%)
Switzerland$30.8k (2.99k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Basketwork BY Colombia WERE (2021 - 2022):
Japan-$149k (-93.5%)
Brazil-$38k (-87.9%)
United Arab Emirates-$29.4k (-71.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Basketwork by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $315k
TOP IMPORT POTENTIALChina+ $489k

Basketwork’s highest export potential is United States. With an export gap of $315k.   Basketwork’s highest import potential is China with an import gap of $489k.

See methodology.

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