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2022
Exports $5.41MWorld Rnk 26 / 131
Flag Rnk 318 / 1142
2022
Destination $426k United States
2021 - 2022
FASTEST GROWING MARKET $426kBrazil
2022
PRODUCT COMPLEXITY IN Bitumen and asphalt-0.98Rnk 835 / 1025
2022
Imports $1.1MWorld Rnk 68 / 189
Flag Rnk 906 / 1183
2022
Origin $629k United States
2021 - 2022
FASTEST GROWING ORIGIN $629kUnited States
2022
ECONOMIC COMPLEXITY of Colombia0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $5.41M in Bitumen and asphalt, making it the 26th largest exporter of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 318th most exported product in Colombia. The main destination of Bitumen and asphalt exports from Colombia are: United States ($3.73M), India ($581k), Mexico ($451k), Brazil ($429k), and Ecuador ($139k).

The fastest growing export markets for Bitumen and asphalt of Colombia between 2021 and 2022 were Brazil ($426k), Mexico ($376k), and Ecuador ($115k).

Imports In 2022, Colombia imported $1.1M in Bitumen and asphalt, becoming the 68th largest importer of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 906th most imported product in Colombia. Colombia imports Bitumen and asphalt primarily from: United States ($1.04M), Ecuador ($33.8k), Argentina ($33.2k), and United Kingdom ($2.27k).

The fastest growing import markets in Bitumen and asphalt for Colombia between 2021 and 2022 were United States ($629k) and Ecuador ($30.1k).

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 Bitumen and asphalt. 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)$5.41M
IMPORTS (2022)$1.1M
NET TRADE (2022)$4.31M

In 2022, Colombia exported $5.41M in Bitumen and asphalt. The main destinations of Colombia exports on Bitumen and asphalt were United States ($3.73M), India ($581k), Mexico ($451k), Brazil ($429k), and Ecuador ($139k).

In 2022, Colombia imported $1.1M in Bitumen and asphalt, mainly from United States ($1.04M), Ecuador ($33.8k), Argentina ($33.2k), and United Kingdom ($2.27k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bitumen and asphalt EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Brazil$426k (11.7k%)
Mexico$376k (500%)
Ecuador$115k (471%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bitumen and asphalt BY Colombia WERE (2021 - 2022):
United States-$9.34M (-71.5%)
France-$510k (-100%)
Antigua and Barbuda-$403k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Bitumen and asphalt were:
Turkey $261M
United States $166M
Spain $70.6M
In 2022, Colombia's main importing competitors in Bitumen and asphalt were:
Egypt $206M
France $155M
Canada $78.2M

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Trade Value of Bitumen and asphalt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $279k
TOP IMPORT POTENTIALUnited States+ $19.5k

Bitumen and asphalt’s highest export potential is Mexico. With an export gap of $279k.   Bitumen and asphalt’s highest import potential is United States with an import gap of $19.5k.

See methodology.

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