Colombia’s Top Exports and Its Crucial Role in the Global Market
The export market of the nation due to the diversification of the latest trends has been one of the most crucial key drivers of the economy recording a pivotal growth of the annual GDP value. The growing government concern towards different initiatives and policies for promoting attractive foreign investment trades has recorded an impressive growth over the past few years with an annual export value of 41 billion US dollars in 2019 expected to increase by a rate of 6.75% in the upcoming times.
The growing export trade trend of Colombia has been steadily increasing over the years, the diversification in the global supplies and the continuous efforts of the trade management authorities towards making international deals more valuable and cost-effective for foreign investors have recorded an annual export trade value of 67 billion US dollars in 2024. The heavy investment in the modernization of the oil production infrastructure and the country being a highly competitive player in the international oil market has been working as a backbone to the entire system for many years with an overall production of 85% of the country’s total export value.
Top 10 Exports of Colombia in 2024
Colombia the country known for its diversification and export trends has induced different globally leading acquisitions in its international supplies. According to the Colombia Export Data, the top 10 exports of the nation in 2024 are,
1. Crude petroleum – Export trade value of Crude petroleum from Colombia in 2024 – 18.5 billion US dollars.
2. Coffee – Export trade value of Coffee from Colombia in 2024 – 4.8 billion US dollars.
3. Coal Briquettes – Export trade value of Coal briquettes from Colombia in 2024 – 3.6 billion US dollars.
4. Cut Flowers – Export trade value of Cut flowers from Colombia in 2024 – 2.8 billion US dollars.
5. Bananas – Export trade value of Bananas from Colombia in 2024 – 1.5 billion US dollars.
6. Petroleum Gas – Export trade value of Petroleum Gas from Colombia in 2024 – 1 billion US dollars.
7. Refined Petroleum – Export trade value of Refined petroleum from Colombia in 2024 – 456 million US dollars.
8. Coal Tar Oil – Export trade value of Coal Tar oil from Colombia in 2024 – 354 million US dollars.
9. Gold – Export trade value of Gold from Colombia in 2024 – 278 million US dollars.
10. Textiles – Export trade value of Textiles from Colombia in 2024 – 121 million US dollars.
Top 10 Export Trade Partners of Colombia in 2024
The strategic location of the nation and the efforts towards feasible supplies of globally leading exports have built up the trade caps with several leading trade destinations across the globe. As per the Columbia Trade Data, the top 10 export trade partners of the nation in 2024 are,
1. United States – According to the USA Import Data, the total valuation of goods exported from Colombia in 2024 – 24 billion US dollars.
Que. Name the Top Export Trade Partner of Colombia in 2024. Ans. The United States leads the top export trade partner of Colombia in 2024.
Que. What is the Top Export of Colombia in 2024? Ans. Crude petroleum is the top export of Colombia in 2024.
Que. What is the Export Trade Value of Colombia in 2024? Ans. The export trade value of Colombia in 2024 is 67 billion US dollars.
Que. Where Can You Get a Detailed Trade Analysis of the Colombia Export Data in 2024? Ans. By subscribing to Import Globals, you can get a detailed trade analysis of the Colombia Export Data in 2024.