2022
Exports
$1.43MWorld Rnk 65 / 145
Flag Rnk 498 / 1142
2022
PRODUCT COMPLEXITY IN Synthetic Rubber
0.49Rnk 369 / 1025
2022
Imports
$66.2MWorld Rnk 48 / 209
Flag Rnk 216 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $1.43M in Synthetic Rubber, making it the 65th largest exporter of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 498th most exported product in Colombia. The main destination of Synthetic Rubber exports from Colombia are: Ecuador ($589k), United States ($235k), Costa Rica ($103k), Venezuela ($93.3k), and Cuba ($70.4k).

The fastest growing export markets for Synthetic Rubber of Colombia between 2021 and 2022 were United States ($212k), Cuba ($63.8k), and Switzerland ($48.3k).

Imports In 2022, Colombia imported $66.2M in Synthetic Rubber, becoming the 48th largest importer of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 216th most imported product in Colombia. Colombia imports Synthetic Rubber primarily from: United States ($22.3M), China ($7.65M), Germany ($5.92M), Chinese Taipei ($5.84M), and South Korea ($5.72M).

The fastest growing import markets in Synthetic Rubber for Colombia between 2021 and 2022 were United States ($7.06M), China ($2.7M), and Chinese Taipei ($2.57M).

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 Synthetic Rubber. 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)$1.43M
IMPORTS (2022)$66.2M
NET TRADE (2022)-$64.8M

In 2022, Colombia exported $1.43M in Synthetic Rubber. The main destinations of Colombia exports on Synthetic Rubber were Ecuador ($589k), United States ($235k), Costa Rica ($103k), Venezuela ($93.3k), and Cuba ($70.4k).

In 2022, Colombia imported $66.2M in Synthetic Rubber, mainly from United States ($22.3M), China ($7.65M), Germany ($5.92M), Chinese Taipei ($5.84M), and South Korea ($5.72M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Synthetic Rubber EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
United States$212k (917%)
Cuba$63.8k (957%)
Switzerland$48.3k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Rubber BY Colombia WERE (2021 - 2022):
Costa Rica-$219k (-68%)
Argentina-$81.7k (-77.6%)
Ecuador-$66.6k (-10.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Synthetic Rubber by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $444k
TOP IMPORT POTENTIALChina+ $3.61M

Synthetic Rubber’s highest export potential is United States. With an export gap of $444k.   Synthetic Rubber’s highest import potential is China with an import gap of $3.61M.

See methodology.

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