2022
Exports
$7.69MWorld Rnk 52 / 206
Flag Rnk 264 / 1142
2022
PRODUCT COMPLEXITY IN Bi-Wheel Vehicle Parts
0.9Rnk 210 / 1025
2022
Imports
$242MWorld Rnk 34 / 220
Flag Rnk 57 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $7.69M in Bi-Wheel Vehicle Parts, making it the 52nd largest exporter of Bi-Wheel Vehicle Parts in the world. At the same year, Bi-Wheel Vehicle Parts was the 264th most exported product in Colombia. The main destination of Bi-Wheel Vehicle Parts exports from Colombia are: Ecuador ($1.72M), Guatemala ($1.07M), Honduras ($988k), Mexico ($776k), and Costa Rica ($484k).

The fastest growing export markets for Bi-Wheel Vehicle Parts of Colombia between 2021 and 2022 were Honduras ($549k), Mexico ($315k), and Chinese Taipei ($302k).

Imports In 2022, Colombia imported $242M in Bi-Wheel Vehicle Parts, becoming the 34th largest importer of Bi-Wheel Vehicle Parts in the world. At the same year, Bi-Wheel Vehicle Parts was the 57th most imported product in Colombia. Colombia imports Bi-Wheel Vehicle Parts primarily from: China ($120M), India ($47.7M), Indonesia ($19.9M), Chinese Taipei ($16M), and Japan ($8.36M).

The fastest growing import markets in Bi-Wheel Vehicle Parts for Colombia between 2021 and 2022 were India ($13.8M), Malaysia ($3.78M), and Singapore ($3.64M).

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 Bi-Wheel Vehicle Parts. 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)$7.69M
IMPORTS (2022)$242M
NET TRADE (2022)-$235M

In 2022, Colombia exported $7.69M in Bi-Wheel Vehicle Parts. The main destinations of Colombia exports on Bi-Wheel Vehicle Parts were Ecuador ($1.72M), Guatemala ($1.07M), Honduras ($988k), Mexico ($776k), and Costa Rica ($484k).

In 2022, Colombia imported $242M in Bi-Wheel Vehicle Parts, mainly from China ($120M), India ($47.7M), Indonesia ($19.9M), Chinese Taipei ($16M), and Japan ($8.36M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bi-Wheel Vehicle Parts EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Honduras$549k (125%)
Mexico$315k (68.3%)
Chinese Taipei$302k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bi-Wheel Vehicle Parts BY Colombia WERE (2021 - 2022):
Peru-$164k (-43.3%)
Ecuador-$161k (-8.53%)
Chile-$139k (-42.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Bi-Wheel Vehicle Parts were:
In 2022, Colombia's main importing competitors in Bi-Wheel Vehicle Parts were:

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Trade Value of Bi-Wheel Vehicle Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.09M
TOP IMPORT POTENTIALChina+ $14.2M

Bi-Wheel Vehicle Parts’s highest export potential is United States. With an export gap of $1.09M.   Bi-Wheel Vehicle Parts’s highest import potential is China with an import gap of $14.2M.

See methodology.

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