2022
Exports
$2.95MWorld Rnk 83 / 177
Flag Rnk 403 / 1142
2022
PRODUCT COMPLEXITY IN Iron Blocks
-0.42Rnk 679 / 1025
2022
Imports
$147MWorld Rnk 36 / 219
Flag Rnk 109 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $2.95M in Iron Blocks, making it the 83rd largest exporter of Iron Blocks in the world. At the same year, Iron Blocks was the 403rd most exported product in Colombia. The main destination of Iron Blocks exports from Colombia are: Venezuela ($2.38M), Ecuador ($472k), Panama ($58.8k), Aruba ($12.4k), and Peru ($6.42k).

The fastest growing export markets for Iron Blocks of Colombia between 2021 and 2022 were Venezuela ($1.27M), Ecuador ($354k), and Panama ($58.8k).

Imports In 2022, Colombia imported $147M in Iron Blocks, becoming the 36th largest importer of Iron Blocks in the world. At the same year, Iron Blocks was the 109th most imported product in Colombia. Colombia imports Iron Blocks primarily from: Spain ($46M), Turkey ($40M), China ($23.8M), Mexico ($13.9M), and Bahrain ($5.09M).

The fastest growing import markets in Iron Blocks for Colombia between 2021 and 2022 were Mexico ($10.7M), Spain ($4.32M), and Brazil ($2.81M).

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 Iron Blocks. 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)$2.95M
IMPORTS (2022)$147M
NET TRADE (2022)-$144M

In 2022, Colombia exported $2.95M in Iron Blocks. The main destinations of Colombia exports on Iron Blocks were Venezuela ($2.38M), Ecuador ($472k), Panama ($58.8k), Aruba ($12.4k), and Peru ($6.42k).

In 2022, Colombia imported $147M in Iron Blocks, mainly from Spain ($46M), Turkey ($40M), China ($23.8M), Mexico ($13.9M), and Bahrain ($5.09M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Blocks EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Venezuela$1.27M (114%)
Ecuador$354k (299%)
Panama$58.8k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Blocks BY Colombia WERE (2021 - 2022):
Peru-$41.7k (-86.7%)
Honduras-$36.1k (-100%)
Uruguay-$15k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Iron Blocks were:
China $2.83B
Spain $2.24B
Germany $2.07B
In 2022, Colombia's main importing competitors in Iron Blocks were:

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Trade Value of Iron Blocks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALEcuador+ $119k
TOP IMPORT POTENTIALChina+ $7.2M

Iron Blocks’s highest export potential is Ecuador. With an export gap of $119k.   Iron Blocks’s highest import potential is China with an import gap of $7.2M.

See methodology.

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