The 2013 Import and Export Market for Tools for Rock Drilling or Earth Boring in Colombia

On the demand side, exporters and strategic planners focusing on tools for rock drilling or earth boring in Colombia face a number of questions. Which countries are supplying tools for rock drilling or earth boring to Colombia? How important is Colombia compared to others in terms of the entire global and regional market? How much do the imports of tools for rock drilling or earth boring vary from one country of origin to another in Colombia? On the supply side, Colombia also exports tools for rock drilling or earth boring. Which countries receive the most exports from Colombia? How are these exports concentrated across buyers? What is the value of these exports and which countries are the largest buyers? This report was created for strategic planners, international marketing executives and import/export managers who are concerned with the market for tools for rock drilling or earth boring in Colombia. With the globalization of this market, managers can no longer be contented with a local view. Nor can managers be contented with out-of-date statistics which appear several years after the fact. I have developed a methodology, based on macroeconomic and trade models, to estimate the market for tools for rock drilling or earth boring for those countries serving Colombia via exports, or supplying from Colombia via imports. It does so for the current year based on a variety of key historical indicators and econometric models. In what follows, Chapter 2 begins by summarizing where Colombia fits into the world market for imported and exported tools for rock drilling or earth boring. The total level of imports and exports on a worldwide basis, and those for Colombia in particular, is estimated using a model which aggregates across over 150 key country markets and projects these to the current year. From there, each country represents a percent of the world market. This market is served from a number of competitive countries of