2022
Exports
$7.4MWorld Rnk 70 / 207
Flag Rnk 269 / 1142
2022
PRODUCT COMPLEXITY IN Knit Men's Suits
-1.32Rnk 915 / 1025
2022
Imports
$26.7MWorld Rnk 67 / 221
Flag Rnk 364 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $7.4M in Knit Men's Suits, making it the 70th largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 269th most exported product in Colombia. The main destination of Knit Men's Suits exports from Colombia are: United States ($3.69M), Costa Rica ($583k), Chile ($515k), Ecuador ($493k), and Peru ($426k).

The fastest growing export markets for Knit Men's Suits of Colombia between 2021 and 2022 were United States ($750k), Chile ($374k), and Dominican Republic ($200k).

Imports In 2022, Colombia imported $26.7M in Knit Men's Suits, becoming the 67th largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 364th most imported product in Colombia. Colombia imports Knit Men's Suits primarily from: China ($12.4M), Cambodia ($2.56M), Pakistan ($1.8M), Vietnam ($1.57M), and Spain ($1.13M).

The fastest growing import markets in Knit Men's Suits for Colombia between 2021 and 2022 were Cambodia ($909k), Indonesia ($422k), and Vietnam ($391k).

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 Knit Men's Suits. 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)$7.4M
IMPORTS (2022)$26.7M
NET TRADE (2022)-$19.3M

In 2022, Colombia exported $7.4M in Knit Men's Suits. The main destinations of Colombia exports on Knit Men's Suits were United States ($3.69M), Costa Rica ($583k), Chile ($515k), Ecuador ($493k), and Peru ($426k).

In 2022, Colombia imported $26.7M in Knit Men's Suits, mainly from China ($12.4M), Cambodia ($2.56M), Pakistan ($1.8M), Vietnam ($1.57M), and Spain ($1.13M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Suits EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
United States$750k (25.5%)
Chile$374k (264%)
Dominican Republic$200k (174%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Suits BY Colombia WERE (2021 - 2022):
Saudi Arabia-$95.7k (-100%)
Finland-$39.7k (-100%)
Curaçao-$35.1k (-55.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Knit Men's Suits were:
In 2022, Colombia's main importing competitors in Knit Men's Suits were:

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Trade Value of Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.93M
TOP IMPORT POTENTIALChina+ $3.52M

Knit Men's Suits’s highest export potential is United States. With an export gap of $2.93M.   Knit Men's Suits’s highest import potential is China with an import gap of $3.52M.

See methodology.

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