2022
Exports
$17.1MWorld Rnk 52 / 184
Flag Rnk 175 / 1142
2022
PRODUCT COMPLEXITY IN Lifting Machinery
1.12Rnk 128 / 1025
2022
Imports
$127MWorld Rnk 51 / 219
Flag Rnk 129 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $17.1M in Lifting Machinery, making it the 52nd largest exporter of Lifting Machinery in the world. At the same year, Lifting Machinery was the 175th most exported product in Colombia. The main destination of Lifting Machinery exports from Colombia are: Mexico ($3.41M), Peru ($1.44M), United States ($1.42M), Ecuador ($1.28M), and Ethiopia ($950k).

The fastest growing export markets for Lifting Machinery of Colombia between 2021 and 2022 were Mexico ($1.34M), United States ($1.2M), and Peru ($1.08M).

Imports In 2022, Colombia imported $127M in Lifting Machinery, becoming the 51st largest importer of Lifting Machinery in the world. At the same year, Lifting Machinery was the 129th most imported product in Colombia. Colombia imports Lifting Machinery primarily from: China ($59.3M), United States ($12.4M), Italy ($11.7M), Brazil ($11.6M), and Germany ($6.05M).

The fastest growing import markets in Lifting Machinery for Colombia between 2021 and 2022 were China ($23.2M), Italy ($9.29M), and United States ($6.19M).

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 Lifting Machinery. 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)$17.1M
IMPORTS (2022)$127M
NET TRADE (2022)-$110M

In 2022, Colombia exported $17.1M in Lifting Machinery. The main destinations of Colombia exports on Lifting Machinery were Mexico ($3.41M), Peru ($1.44M), United States ($1.42M), Ecuador ($1.28M), and Ethiopia ($950k).

In 2022, Colombia imported $127M in Lifting Machinery, mainly from China ($59.3M), United States ($12.4M), Italy ($11.7M), Brazil ($11.6M), and Germany ($6.05M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lifting Machinery EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Mexico$1.34M (64.8%)
United States$1.2M (540%)
Peru$1.08M (299%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lifting Machinery BY Colombia WERE (2021 - 2022):
Djibouti-$1.2M (-100%)
Honduras-$1.15M (-68.5%)
Ecuador-$647k (-33.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Lifting Machinery were:
China $6.88B
Germany $5.16B
Italy $2.48B
In 2022, Colombia's main importing competitors in Lifting Machinery were:

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Trade Value of Lifting Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.67M
TOP IMPORT POTENTIALChina+ $8.86M

Lifting Machinery’s highest export potential is United States. With an export gap of $2.67M.   Lifting Machinery’s highest import potential is China with an import gap of $8.86M.

See methodology.

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