The Aluminium Bar Rods and Profiles importation market of Colombia is expanding as shown during 2017-20

The Republic of Colombia is a country largely situated in the north of South America, with territories in North America. The economy of Colombia is the fourth largest in Latin America as measured by gross domestic product. Colombia has experienced a historic economic boom over the last decade.

Petroleum is Colombia's main export, making over 45% of Colombia's exports. Manufacturing makes up nearly 12% of Colombia's exports and grows at a rate of over 10% a year. Modern industries like shipbuilding, electronics, automobile, tourism, construction, and mining, grew dramatically during the 2000s and 2010s.

The major trading nation for Columbia’s Aluminium bar rods & profiles has been with multiple countries like Belgium, Chile, China, Ecuador, Germany, India, Italy, Netherlands, Panama, Spain, USA, etc.

Colombia’s importation of aluminium bar rods and profiles market has been growing at a rapid pace, as the export volume during 2017-19 reflects 14682 tonnes and $47.35 million as revenue expenditure. The projected import volume for 2020 might surge up to 9164 tonnes with revenue expenditure to rise at $26.46 million. When the 2020 volume and expenditure get summed up with the last three years it reaches to 23,846 tonnes and $73.81 million respectively.

The aluminium bar rod and profile import in 2017 has been recorded at $14.45 million and the revenue expended stood at $14.45 million, whereas in 2018 the import volume was recorded at 3069 tonnes with expenditure just remained to $11.15 million.

In 2019 the import has seen growth by 132.09% as the volume reflected was 7123 tonnes and the expenditure also went near to double at $21.75 million.

The aluminium bar rod and profile import of Columbia in 2020 was analysed with growth by 28.65% from its preceding year, as the import might reach at 9164 tonnes.