2021
Exports | Imports
$11.3B | $351MWorld Rnk 19 / 147
Flag Rnk 1 / 1141
World Rnk 65 / 163
Flag Rnk 27 / 1186
2021
ECONOMIC COMPLEXITY of Colombia
0.14Rnk 56 / 131
2021
PRODUCT COMPLEXITY IN Crude Petroleum
-2.36Rnk 1013 / 1024

About

Exports In 2021, Colombia exported $11.3B in Crude Petroleum, making it the 19th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most exported product in Colombia. The main destination of Crude Petroleum exports from Colombia are: United States ($3.35B), China ($2.67B), India ($1.95B), Panama ($1.94B), and Saint Lucia ($245M).

The fastest growing export markets for Crude Petroleum of Colombia between 2020 and 2021 were India ($1.53B), Panama ($891M), and United States ($680M).

Imports In 2021, Colombia imported $351M in Crude Petroleum, becoming the 65th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 27th most imported product in Colombia. Colombia imports Crude Petroleum primarily from: United States ($225M), Trinidad and Tobago ($125M), Panama ($312k), Spain ($21.6k), and Sweden ($1.17k).

The fastest growing import markets in Crude Petroleum for Colombia between 2020 and 2021 were Trinidad and Tobago ($125M), Spain ($9.75k), and Sweden ($1.17k).

Latest Trends

Dec 2023

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2021)$11.3B
IMPORTS (2021)$351M
NET TRADE (2021)$11B

In 2021, Colombia exported $11.3B in Crude Petroleum. The main destinations of Colombia exports on Crude Petroleum were United States ($3.35B), China ($2.67B), India ($1.95B), Panama ($1.94B), and Saint Lucia ($245M).

In 2021, Colombia imported $351M in Crude Petroleum, mainly from United States ($225M), Trinidad and Tobago ($125M), Panama ($312k), Spain ($21.6k), and Sweden ($1.17k).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Colombia WERE (2020 - 2021):
India$1.53B (364%)
Panama$891M (84.8%)
United States$680M (25.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Colombia WERE (2020 - 2021):
Chile-$109M (-100%)
Ecuador-$41.4M (-27.9%)
Malaysia-$34.2M (-100%)

Change in Exports by Market (2020 - 2021)

Market Concentration

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Flow
Type
In 2021, Colombia's main exporting competitors in Crude Petroleum were:
In 2021, Colombia's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

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