Colombo

Overview In February 2024 Colombo exported $3.51M and imported $11.5M, resulting in a negative trade balance of $7.97M. Between February 2023 and February 2024 the exports of Colombo have increased by $409k (13.2%) from $3.1M to $3.51M, while imports increased by $4.55M (65.6%) from $6.93M to $11.5M.

Trade In February 2024, the top exports of Colombo were Malt Extract ($835k), Shaped Wood ($552k), Vegetable Saps ($380k), Spices ($209k), and Amino-resins ($203k). In February 2024 the top imports of Colombo were Rubber Tires ($4.39M), Raw Plastic Sheeting ($993k), Integrated Circuits ($932k), Ethylene Polymers ($626k), and Rubberworking Machinery ($376k).

Destinations In February 2024, Colombo exported mostly to Panama ($589k), United States ($534k), France ($464k), Sierra Leone ($432k), and Paraguay ($352k), and imported mostly from China ($5.9M), Vietnam ($1.15M), India ($820k), Egypt ($682k), and Saudi Arabia ($424k).

Growth In February 2024, the increase in Colombo's year-by-year exports was explained primarily by an increase in exports to China ($146k or 619%), Netherlands ($64.5k or 363%), and Guinea ($40.5k or 204%), and product exports increase in Glaziers Putty ($90.2k or 355%), Building Stone ($58.9k or 37.8%), and Other Electrical Machinery ($50.8k or 265%). In February 2024, the increase in Colombo's year-by-year imports was explained primarily by an increase in imports from China ($706k or 18.6%), Vietnam ($415k or 550%), and Netherlands ($394k or 123%), and product imports increase in Integrated Circuits ($796k or 928%), Ethylene Polymers ($682k or 701%), and Computers ($637k or 6.31k%).