Colombia is a country in northwest South America that has borders with Ecuador, Panama, Brazil, Venezuela, and Peru. It also has coasts on the Pacific and Caribbean Seas. Bogotá, its capital, is a major center for trade and banking. Colombia's economy is expected to generate around USD 345 billion by 2024, mostly from the export of industrial goods, energy, and agricultural items. Colombia is the 56th greatest exporter in the world, according to international export data. In 2024, as per Colombia export data, the United States is by far the largest importer of Colombian commodities. Crude petroleum is Colombia's top export, with a total projected export value of USD 60.4 billion.
Colombia is a major provider to the world because of its varied topography and abundant natural resources, which include coal, oil, coffee, and gold. The country's economy is closely linked to international markets, and it keeps expanding its export base. As per Colombia trade data, Colombia has increased its export capability in recent years due to mining and agricultural investments, free trade agreements, and infrastructure upgrades.