HS Icon Refined Petroleum in  Flag Colombia

2020
Exports | Imports
: $1.55B | $1.95B, World Rnk 38 / 212
Flag Rnk 5 / 1120 | World Rnk 51 / 224
Flag Rnk 2 / 1193

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $68.3M | $6.88M, Bahamas |  South Korea

2020
ECONOMIC COMPLEXITY of Colombia
: 0.14, Rnk 52 / 127

2020
PRODUCT COMPLEXITY  IN Refined Petroleum
: -0.94, Rnk 822 / 1029

Exports In 2020, Colombia exported $1.55B in Refined Petroleum, making it the 38th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 5th most exported product in Colombia. The main destination of Refined Petroleum exports from Colombia are: United States ($1.04B), Bahamas ($92.3M), Bonaire ($76.8M), Spain ($57.3M), and Ecuador ($54.7M).

The fastest growing export markets for Refined Petroleum of Colombia between 2019 and 2020 were Bahamas ($68.3M), Trinidad and Tobago ($26.7M), and Ecuador ($15.1M).

Imports In 2020, Colombia imported $1.95B in Refined Petroleum, becoming the 51st largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Colombia. Colombia imports Refined Petroleum primarily from: United States ($1.77B), United Kingdom ($74.4M), Brazil ($15M), South Korea ($12.1M), and Peru ($9.29M).

The fastest growing import markets in Refined Petroleum for Colombia between 2019 and 2020 were South Korea ($6.88M), Kazakhstan ($1.48M), and India ($1.12M).

Subnational Monthly Trade

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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 Refined 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

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EXPORTS (2020): $1.55B

IMPORTS (2020): $1.95B

NET TRADE (2020): -$398M

In 2020, Colombia exported $1.55B in Refined Petroleum. The main destinations of Colombia exports on Refined Petroleum were United States ($1.04B), Bahamas ($92.3M), Bonaire ($76.8M), Spain ($57.3M), and Ecuador ($54.7M).

In 2020, Colombia imported $1.95B in Refined Petroleum, mainly from United States ($1.77B), United Kingdom ($74.4M), Brazil ($15M), South Korea ($12.1M), and Peru ($9.29M).

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THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Colombia WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Colombia WERE (2019 - 2020):

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Market Concentration

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In 2020, Colombia's main exporting competitors in Refined Petroleum were:

In 2020, Colombia's main importing competitors in Refined Petroleum were:

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