2022
Exports
$8.28MWorld Rnk 46 / 194
Flag Rnk 257 / 1142
2022
PRODUCT COMPLEXITY IN Spices
-1.63Rnk 964 / 1025
2022
Imports
$2.27MWorld Rnk 106 / 223
Flag Rnk 819 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $8.28M in Spices, making it the 46th largest exporter of Spices in the world. At the same year, Spices was the 257th most exported product in Colombia. The main destination of Spices exports from Colombia are: United States ($7.11M), Canada ($769k), Panama ($242k), Netherlands ($32.1k), and Slovenia ($17.6k).

The fastest growing export markets for Spices of Colombia between 2021 and 2022 were United States ($292k), Panama ($73.7k), and Netherlands ($30.2k).

Imports In 2022, Colombia imported $2.27M in Spices, becoming the 106th largest importer of Spices in the world. At the same year, Spices was the 819th most imported product in Colombia. Colombia imports Spices primarily from: India ($659k), United States ($296k), Egypt ($271k), Ecuador ($224k), and Spain ($173k).

The fastest growing import markets in Spices for Colombia between 2021 and 2022 were India ($96.7k), Ecuador ($93.3k), and Egypt ($87.7k).

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 Spices. 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)$8.28M
IMPORTS (2022)$2.27M
NET TRADE (2022)$6.01M

In 2022, Colombia exported $8.28M in Spices. The main destinations of Colombia exports on Spices were United States ($7.11M), Canada ($769k), Panama ($242k), Netherlands ($32.1k), and Slovenia ($17.6k).

In 2022, Colombia imported $2.27M in Spices, mainly from India ($659k), United States ($296k), Egypt ($271k), Ecuador ($224k), and Spain ($173k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spices EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
United States$292k (4.29%)
Panama$73.7k (43.8%)
Netherlands$30.2k (1.52k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spices BY Colombia WERE (2021 - 2022):
Canada-$547k (-41.6%)
United Arab Emirates-$17.9k (-55.1%)
United Kingdom-$8.7k (-40%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Spices by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.29M
TOP IMPORT POTENTIALIndia+ $364k

Spices’s highest export potential is United States. With an export gap of $1.29M.   Spices’s highest import potential is India with an import gap of $364k.

See methodology.

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