2022
Exports
$12.4MWorld Rnk 69 / 165
Flag Rnk 204 / 1142
2022
PRODUCT COMPLEXITY IN Coated Flat-Rolled Iron
0.04Rnk 538 / 1025
2022
Imports
$280MWorld Rnk 56 / 218
Flag Rnk 51 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $12.4M in Coated Flat-Rolled Iron, making it the 69th largest exporter of Coated Flat-Rolled Iron in the world. At the same year, Coated Flat-Rolled Iron was the 204th most exported product in Colombia. The main destination of Coated Flat-Rolled Iron exports from Colombia are: Venezuela ($8.18M), Mexico ($2.72M), United States ($483k), Jamaica ($250k), and Curaçao ($159k).

The fastest growing export markets for Coated Flat-Rolled Iron of Colombia between 2021 and 2022 were Venezuela ($3.05M), Mexico ($2.54M), and Costa Rica ($65.9k).

Imports In 2022, Colombia imported $280M in Coated Flat-Rolled Iron, becoming the 56th largest importer of Coated Flat-Rolled Iron in the world. At the same year, Coated Flat-Rolled Iron was the 51st most imported product in Colombia. Colombia imports Coated Flat-Rolled Iron primarily from: China ($189M), South Korea ($21.3M), France ($14.3M), Germany ($10.9M), and Mexico ($10.9M).

The fastest growing import markets in Coated Flat-Rolled Iron for Colombia between 2021 and 2022 were China ($45.8M), Germany ($3.91M), and France ($3.85M).

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 Coated Flat-Rolled Iron. 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)$12.4M
IMPORTS (2022)$280M
NET TRADE (2022)-$267M

In 2022, Colombia exported $12.4M in Coated Flat-Rolled Iron. The main destinations of Colombia exports on Coated Flat-Rolled Iron were Venezuela ($8.18M), Mexico ($2.72M), United States ($483k), Jamaica ($250k), and Curaçao ($159k).

In 2022, Colombia imported $280M in Coated Flat-Rolled Iron, mainly from China ($189M), South Korea ($21.3M), France ($14.3M), Germany ($10.9M), and Mexico ($10.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Coated Flat-Rolled Iron EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Venezuela$3.05M (59.3%)
Mexico$2.54M (1.43k%)
Costa Rica$65.9k (120k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coated Flat-Rolled Iron BY Colombia WERE (2021 - 2022):
Guatemala-$573k (-99.7%)
United States-$439k (-47.6%)
Brazil-$115k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Coated Flat-Rolled Iron were:
In 2022, Colombia's main importing competitors in Coated Flat-Rolled Iron were:

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Trade Value of Coated Flat-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $2.32M
TOP IMPORT POTENTIALChina+ $12.6M

Coated Flat-Rolled Iron’s highest export potential is Mexico. With an export gap of $2.32M.   Coated Flat-Rolled Iron’s highest import potential is China with an import gap of $12.6M.

See methodology.

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