2022
Exports
$4.2MWorld Rnk 64 / 213
Flag Rnk 356 / 1142
2022
PRODUCT COMPLEXITY IN Interchangeable Tool Parts
1.7Rnk 24 / 1025
2022
Imports
$69.9MWorld Rnk 50 / 225
Flag Rnk 206 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $4.2M in Interchangeable Tool Parts, making it the 64th largest exporter of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 356th most exported product in Colombia. The main destination of Interchangeable Tool Parts exports from Colombia are: Ecuador ($1.77M), United States ($719k), Argentina ($201k), Peru ($154k), and Panama ($141k).

The fastest growing export markets for Interchangeable Tool Parts of Colombia between 2021 and 2022 were Ecuador ($404k), Panama ($116k), and Suriname ($90.3k).

Imports In 2022, Colombia imported $69.9M in Interchangeable Tool Parts, becoming the 50th largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 206th most imported product in Colombia. Colombia imports Interchangeable Tool Parts primarily from: United States ($19.6M), China ($16.2M), Canada ($5.78M), Germany ($3.22M), and India ($3M).

The fastest growing import markets in Interchangeable Tool Parts for Colombia between 2021 and 2022 were United States ($8.33M), China ($4.05M), and Canada ($1.75M).

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 Interchangeable Tool 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)$4.2M
IMPORTS (2022)$69.9M
NET TRADE (2022)-$65.7M

In 2022, Colombia exported $4.2M in Interchangeable Tool Parts. The main destinations of Colombia exports on Interchangeable Tool Parts were Ecuador ($1.77M), United States ($719k), Argentina ($201k), Peru ($154k), and Panama ($141k).

In 2022, Colombia imported $69.9M in Interchangeable Tool Parts, mainly from United States ($19.6M), China ($16.2M), Canada ($5.78M), Germany ($3.22M), and India ($3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Interchangeable Tool Parts EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Ecuador$404k (29.6%)
Panama$116k (469%)
Suriname$90.3k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Interchangeable Tool Parts BY Colombia WERE (2021 - 2022):
United States-$242k (-25.2%)
Mexico-$104k (-43.4%)
Peru-$98.9k (-39%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Interchangeable Tool Parts were:
In 2022, Colombia's main importing competitors in Interchangeable Tool Parts were:

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Trade Value of Interchangeable Tool Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.08M
TOP IMPORT POTENTIALChina+ $6.82M

Interchangeable Tool Parts’s highest export potential is United States. With an export gap of $1.08M.   Interchangeable Tool Parts’s highest import potential is China with an import gap of $6.82M.

See methodology.

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