2025 Mar Colombia Passenger Vehicles (HS 8703) Export Snapshot: Sharp Drop

March Trend: Colombia Passenger Vehicles Export

Passenger Vehicles, classified under HS Code 8703 (Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars.), saw exports decline in March, with value dropping 31.04% MoM to $11.50M and volume falling 29.59% to 1.07M kg. This follows February's explosive growth, where shipments had surged 4170.08% in volume. Unit prices edged down 2.05% to $10.76/kg, maintaining near February's highs. The retreat suggests a normalization after February's atypical spike, though March volumes remained well above January's baseline. No specific policy or event from the news context directly explains this volatility.

Table: Colombia Passenger Vehicles Export Trend (Source: yTrade)

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Geographic Concentration & Market Logic

Argentina dominates Colombia's Passenger Vehicles Export destinations, accounting for 67.3% of value but only 66.4% of weight—a marginal gap suggesting balanced trade in finished units. Mexico, the second-largest partner, shows a similar alignment (27.3% value vs. 27.3% weight), reinforcing a stable demand for standardized exports. The U.S., despite high shipment frequency (46.7%), contributes just 2% to value and weight, indicating low-margin, auxiliary flows. The absence of extreme value-volume gaps points to a mature, efficiency-driven supply chain prioritizing consistent output over premium specialization.

Table: Colombia Passenger Vehicles (HS Code 8703) Top Destination Countries (Source: yTrade)

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Colombia HS Code 8703 Breakdown & Value Logic

yTrade data reveals 8703239090 (vehicles with 1500-3000cc engines) dominates Colombia's March 2025 exports, capturing 48% frequency and 33% value share, while smaller-engine variants (1000-1500cc) follow closely in volume. The Colombia HS Code 8703 Export skews toward mid-range combustion engines, suggesting a market prioritizing balanced cost-performance ratios over premium or electric options (which collectively contribute <1% value). This reflects steady demand for affordable, mid-tier passenger vehicles in bulk.

Table: Colombia (HS Code 8703) Breakdown Details (Source: yTrade)

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Colombia Passenger Vehicles Buyers List

Table: Colombia Passenger Vehicles (HS Code 8703) Top Buyers List (Source: yTrade)

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Frequently Asked Questions

How did Colombia Passenger Vehicles Export perform in March?

Exports dropped 31% month-on-month to $11.5M, with volumes down 30% to 1.07M kg. Unit prices held steady at $10.76/kg (-2%).

What are the top Export partners for Colombia Passenger Vehicles?

Argentina ($7.72M), Mexico ($3.13M), and the United States ($228K) dominated shipments.

Who are the major Passenger Vehicles Buyers?

Renault affiliates drove 78% of exports, led by Renault Argentina S.A ($7.72M) and Renault Mexico S.A. DE CV ($3.09M).

What is the specific HS Code for this trade?

The data covers HS Code 8703, with significant activity in vehicles with 1.0-1.5L engines ($4.5M) and 1.5-3.0L engines ($3.74M).