2022
Exports
$1.02MWorld Rnk 41 / 158
Flag Rnk 553 / 1142
2022
PRODUCT COMPLEXITY IN Pastes and Waxes
1Rnk 171 / 1025
2022
Imports
$6.11MWorld Rnk 43 / 209
Flag Rnk 657 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $1.02M in Pastes and Waxes, making it the 41st largest exporter of Pastes and Waxes in the world. At the same year, Pastes and Waxes was the 553rd most exported product in Colombia. The main destination of Pastes and Waxes exports from Colombia are: Ecuador ($401k), Chile ($215k), Peru ($185k), Bolivia ($67.1k), and Madagascar ($28.7k).

The fastest growing export markets for Pastes and Waxes of Colombia between 2021 and 2022 were Peru ($179k), Chile ($151k), and Ecuador ($133k).

Imports In 2022, Colombia imported $6.11M in Pastes and Waxes, becoming the 43rd largest importer of Pastes and Waxes in the world. At the same year, Pastes and Waxes was the 657th most imported product in Colombia. Colombia imports Pastes and Waxes primarily from: China ($2.1M), Italy ($1.66M), Germany ($982k), United States ($355k), and Mexico ($265k).

The fastest growing import markets in Pastes and Waxes for Colombia between 2021 and 2022 were Germany ($454k), Italy ($281k), and Mexico ($216k).

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 Pastes and Waxes. 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)$1.02M
IMPORTS (2022)$6.11M
NET TRADE (2022)-$5.09M

In 2022, Colombia exported $1.02M in Pastes and Waxes. The main destinations of Colombia exports on Pastes and Waxes were Ecuador ($401k), Chile ($215k), Peru ($185k), Bolivia ($67.1k), and Madagascar ($28.7k).

In 2022, Colombia imported $6.11M in Pastes and Waxes, mainly from China ($2.1M), Italy ($1.66M), Germany ($982k), United States ($355k), and Mexico ($265k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pastes and Waxes EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Peru$179k (2.75k%)
Chile$151k (238%)
Ecuador$133k (49.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pastes and Waxes BY Colombia WERE (2021 - 2022):
Panama-$24.2k (-69.6%)
Honduras-$6.66k (-100%)
Dominican Republic-$3.26k (-92.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Pastes and Waxes were:
In 2022, Colombia's main importing competitors in Pastes and Waxes were:

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Trade Value of Pastes and Waxes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $44.7k
TOP IMPORT POTENTIALChina+ $450k

Pastes and Waxes’s highest export potential is United States. With an export gap of $44.7k.   Pastes and Waxes’s highest import potential is China with an import gap of $450k.

See methodology.

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