2022
Exports
$3.25MWorld Rnk 56 / 179
Flag Rnk 390 / 1142
2022
PRODUCT COMPLEXITY IN Compasses
0.89Rnk 212 / 1025
2022
Imports
$19.4MWorld Rnk 46 / 211
Flag Rnk 416 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $3.25M in Compasses, making it the 56th largest exporter of Compasses in the world. At the same year, Compasses was the 390th most exported product in Colombia. The main destination of Compasses exports from Colombia are: United States ($2.22M), Chile ($527k), Ecuador ($137k), El Salvador ($114k), and Brazil ($98.1k).

The fastest growing export markets for Compasses of Colombia between 2021 and 2022 were United States ($1.71M), Brazil ($58.1k), and Mexico ($48.3k).

Imports In 2022, Colombia imported $19.4M in Compasses, becoming the 46th largest importer of Compasses in the world. At the same year, Compasses was the 416th most imported product in Colombia. Colombia imports Compasses primarily from: United States ($8.28M), France ($2.19M), Netherlands ($2.07M), Israel ($1.79M), and Norway ($1.79M).

The fastest growing import markets in Compasses for Colombia between 2021 and 2022 were Netherlands ($2.02M), United States ($2M), and Norway ($1.61M).

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 Compasses. 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)$3.25M
IMPORTS (2022)$19.4M
NET TRADE (2022)-$16.2M

In 2022, Colombia exported $3.25M in Compasses. The main destinations of Colombia exports on Compasses were United States ($2.22M), Chile ($527k), Ecuador ($137k), El Salvador ($114k), and Brazil ($98.1k).

In 2022, Colombia imported $19.4M in Compasses, mainly from United States ($8.28M), France ($2.19M), Netherlands ($2.07M), Israel ($1.79M), and Norway ($1.79M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Compasses EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
United States$1.71M (334%)
Brazil$58.1k (145%)
Mexico$48.3k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Compasses BY Colombia WERE (2021 - 2022):
South Korea-$1.9M (-100%)
Ecuador-$502k (-78.6%)
Chile-$114k (-17.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Compasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.32M
TOP IMPORT POTENTIALUnited States+ $1.57M

Compasses’s highest export potential is United States. With an export gap of $1.32M.   Compasses’s highest import potential is United States with an import gap of $1.57M.

See methodology.

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