2022
Exports
$78.9kWorld Rnk 75 / 166
Flag Rnk 888 / 1142
2022
PRODUCT COMPLEXITY IN Soldering and Welding Machinery
1.33Rnk 87 / 1025
2022
Imports
$3.89MWorld Rnk 53 / 214
Flag Rnk 728 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $78.9k in Soldering and Welding Machinery, making it the 75th largest exporter of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 888th most exported product in Colombia. The main destination of Soldering and Welding Machinery exports from Colombia are: United States ($36.3k), Ecuador ($12.2k), Panama ($12.1k), Aruba ($7.29k), and Dominican Republic ($2.62k).

The fastest growing export markets for Soldering and Welding Machinery of Colombia between 2021 and 2022 were United States ($36.3k), Panama ($12k), and Aruba ($6.79k).

Imports In 2022, Colombia imported $3.89M in Soldering and Welding Machinery, becoming the 53rd largest importer of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 728th most imported product in Colombia. Colombia imports Soldering and Welding Machinery primarily from: Mexico ($1.45M), United States ($1.06M), China ($951k), Brazil ($118k), and Italy ($91.2k).

The fastest growing import markets in Soldering and Welding Machinery for Colombia between 2021 and 2022 were Mexico ($236k), United States ($66.9k), and Brazil ($49.7k).

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 Soldering and Welding 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)$78.9k
IMPORTS (2022)$3.89M
NET TRADE (2022)-$3.81M

In 2022, Colombia exported $78.9k in Soldering and Welding Machinery. The main destinations of Colombia exports on Soldering and Welding Machinery were United States ($36.3k), Ecuador ($12.2k), Panama ($12.1k), Aruba ($7.29k), and Dominican Republic ($2.62k).

In 2022, Colombia imported $3.89M in Soldering and Welding Machinery, mainly from Mexico ($1.45M), United States ($1.06M), China ($951k), Brazil ($118k), and Italy ($91.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soldering and Welding Machinery EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
United States$36.3k (1%)
Panama$12k (12.1k%)
Aruba$6.79k (1.34k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soldering and Welding Machinery BY Colombia WERE (2021 - 2022):
Honduras-$13.8k (-100%)
Venezuela-$2.75k (-58.4%)
Cuba-$2.46k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Soldering and Welding Machinery were:
In 2022, Colombia's main importing competitors in Soldering and Welding Machinery were:

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Trade Value of Soldering and Welding Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $35.8k
TOP IMPORT POTENTIALChina+ $381k

Soldering and Welding Machinery’s highest export potential is United States. With an export gap of $35.8k.   Soldering and Welding Machinery’s highest import potential is China with an import gap of $381k.

See methodology.

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