2018
Exports
$322kWorld Rnk 58 / 184
Flag Rnk 722 / 1142
2022
PRODUCT COMPLEXITY IN Tool Sets
0.9Rnk 208 / 1025
2018
Imports
$4.6MWorld Rnk 52 / 218
Flag Rnk 705 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2018, Colombia exported $322k in Tool Sets, making it the 58th largest exporter of Tool Sets in the world. At the same year, Tool Sets was the 722nd most exported product in Colombia. The main destination of Tool Sets exports from Colombia are: United States ($188k), Chile ($35.6k), Peru ($24.9k), Switzerland ($17.4k), and Costa Rica ($12.6k).

The fastest growing export markets for Tool Sets of Colombia between 2021 and 2022 were United States ($154k), El Salvador ($8.13k), and Denmark ($7.27k).

Imports In 2022, Colombia imported $4.6M in Tool Sets, becoming the 52nd largest importer of Tool Sets in the world. At the same year, Tool Sets was the 705th most imported product in Colombia. Colombia imports Tool Sets primarily from: China ($3.19M), United States ($561k), Chinese Taipei ($301k), Germany ($114k), and Mexico ($82.6k).

The fastest growing import markets in Tool Sets for Colombia between 2021 and 2022 were China ($606k), Chinese Taipei ($88.4k), and Barbados ($56.7k).

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 Tool Sets. 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)$322k
IMPORTS (2022)$4.6M
NET TRADE (2022)-$4.28M

In 2022, Colombia exported $322k in Tool Sets. The main destinations of Colombia exports on Tool Sets were United States ($188k), Chile ($35.6k), Peru ($24.9k), Switzerland ($17.4k), and Costa Rica ($12.6k).

In 2022, Colombia imported $4.6M in Tool Sets, mainly from China ($3.19M), United States ($561k), Chinese Taipei ($301k), Germany ($114k), and Mexico ($82.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tool Sets EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
United States$154k (454%)
El Salvador$8.13k (781%)
Denmark$7.27k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Sets BY Colombia WERE (2021 - 2022):
Dominican Republic-$40.2k (-99.8%)
Switzerland-$15.8k (-47.6%)
Peru-$15.5k (-38.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Tool Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $85.9k
TOP IMPORT POTENTIALChina+ $372k

Tool Sets’s highest export potential is United States. With an export gap of $85.9k.   Tool Sets’s highest import potential is China with an import gap of $372k.

See methodology.

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