2022
Exports
$5.11MWorld Rnk 69 / 215
Flag Rnk 329 / 1142
2022
PRODUCT COMPLEXITY IN Electric Heaters
0.46Rnk 379 / 1025
2022
Imports
$231MWorld Rnk 51 / 224
Flag Rnk 61 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $5.11M in Electric Heaters, making it the 69th largest exporter of Electric Heaters in the world. At the same year, Electric Heaters was the 329th most exported product in Colombia. The main destination of Electric Heaters exports from Colombia are: Honduras ($1.53M), Ecuador ($1.06M), Mexico ($440k), Guatemala ($391k), and United States ($356k).

The fastest growing export markets for Electric Heaters of Colombia between 2021 and 2022 were Chile ($138k), Guatemala ($128k), and Ecuador ($121k).

Imports In 2022, Colombia imported $231M in Electric Heaters, becoming the 51st largest importer of Electric Heaters in the world. At the same year, Electric Heaters was the 61st most imported product in Colombia. Colombia imports Electric Heaters primarily from: China ($201M), Mexico ($5.26M), United States ($4.78M), Brazil ($2.86M), and Malaysia ($2.58M).

The fastest growing import markets in Electric Heaters for Colombia between 2021 and 2022 were Ecuador ($1.58M), Hungary ($1.04M), and Brazil ($774k).

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 Electric Heaters. 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)$5.11M
IMPORTS (2022)$231M
NET TRADE (2022)-$226M

In 2022, Colombia exported $5.11M in Electric Heaters. The main destinations of Colombia exports on Electric Heaters were Honduras ($1.53M), Ecuador ($1.06M), Mexico ($440k), Guatemala ($391k), and United States ($356k).

In 2022, Colombia imported $231M in Electric Heaters, mainly from China ($201M), Mexico ($5.26M), United States ($4.78M), Brazil ($2.86M), and Malaysia ($2.58M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Heaters EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Chile$138k (1.39k%)
Guatemala$128k (48.8%)
Ecuador$121k (13%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Heaters BY Colombia WERE (2021 - 2022):
Honduras-$294k (-16.1%)
Venezuela-$213k (-42%)
Peru-$193k (-66.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Electric Heaters were:
China $31.5B
Italy $2.96B
In 2022, Colombia's main importing competitors in Electric Heaters were:

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Trade Value of Electric Heaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.07M
TOP IMPORT POTENTIALChina+ $25.6M

Electric Heaters’s highest export potential is United States. With an export gap of $1.07M.   Electric Heaters’s highest import potential is China with an import gap of $25.6M.

See methodology.

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