2022
Exports
$1.91MWorld Rnk 55 / 146
Flag Rnk 454 / 1142
2022
PRODUCT COMPLEXITY IN Petroleum Jelly
-0.22Rnk 621 / 1025
2022
Imports
$52MWorld Rnk 21 / 209
Flag Rnk 253 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $1.91M in Petroleum Jelly, making it the 55th largest exporter of Petroleum Jelly in the world. At the same year, Petroleum Jelly was the 454th most exported product in Colombia. The main destination of Petroleum Jelly exports from Colombia are: Venezuela ($1.27M), Ecuador ($380k), Peru ($91.3k), Dominican Republic ($57.3k), and Costa Rica ($47.2k).

The fastest growing export markets for Petroleum Jelly of Colombia between 2021 and 2022 were Venezuela ($491k), Ecuador ($294k), and Dominican Republic ($57.3k).

Imports In 2022, Colombia imported $52M in Petroleum Jelly, becoming the 21st largest importer of Petroleum Jelly in the world. At the same year, Petroleum Jelly was the 253rd most imported product in Colombia. Colombia imports Petroleum Jelly primarily from: China ($41.4M), United States ($3.36M), Germany ($1.84M), Turkey ($1.41M), and Malaysia ($884k).

The fastest growing import markets in Petroleum Jelly for Colombia between 2021 and 2022 were China ($22.8M), United States ($333k), and Japan ($318k).

Historical Data

Trade Balance

Color
EXPORTS (2022)$1.91M
IMPORTS (2022)$52M
NET TRADE (2022)-$50.1M

In 2022, Colombia exported $1.91M in Petroleum Jelly. The main destinations of Colombia exports on Petroleum Jelly were Venezuela ($1.27M), Ecuador ($380k), Peru ($91.3k), Dominican Republic ($57.3k), and Costa Rica ($47.2k).

In 2022, Colombia imported $52M in Petroleum Jelly, mainly from China ($41.4M), United States ($3.36M), Germany ($1.84M), Turkey ($1.41M), and Malaysia ($884k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Jelly EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Venezuela$491k (62.9%)
Ecuador$294k (339%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Jelly BY Colombia WERE (2021 - 2022):
Chile-$59.3k (-98.3%)
Guatemala-$13.7k (-100%)
Spain-$25 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Petroleum Jelly were:
In 2022, Colombia's main importing competitors in Petroleum Jelly were:

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Trade Value of Petroleum Jelly by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $91.7k
TOP IMPORT POTENTIALUnited States+ $1.77M

Petroleum Jelly’s highest export potential is India. With an export gap of $91.7k.   Petroleum Jelly’s highest import potential is United States with an import gap of $1.77M.

See methodology.

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