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2021
Exports | Imports $2.14B | $3.18BWorld Rnk 41 / 218
Flag Rnk 5 / 1141 | World Rnk 50 / 226
Flag Rnk 1 / 1186
2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN $266M | $958MUnited States |  United States
2021
ECONOMIC COMPLEXITY of Colombia0.14Rnk 56 / 131
2021
PRODUCT COMPLEXITY IN Refined Petroleum-0.99Rnk 831 / 1024

About

Exports In 2021, Colombia exported $2.14B in Refined Petroleum, making it the 41st 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 ($1.31B), Bonaire ($125M), Bahamas ($114M), Singapore ($105M), and El Salvador ($68.6M).

The fastest growing export markets for Refined Petroleum of Colombia between 2020 and 2021 were United States ($266M), Singapore ($95.1M), and El Salvador ($66.4M).

Imports In 2021, Colombia imported $3.18B in Refined Petroleum, becoming the 50th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Colombia. Colombia imports Refined Petroleum primarily from: United States ($2.73B), Netherlands ($131M), Spain ($84.7M), Belgium ($32.8M), and United Kingdom ($31.9M).

The fastest growing import markets in Refined Petroleum for Colombia between 2020 and 2021 were United States ($958M), Netherlands ($131M), and Spain ($83.1M).

Latest Trends

Sep 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 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

Trade Balance

Color
EXPORTS (2021)$2.14B
IMPORTS (2021)$3.18B
NET TRADE (2021)-$1.04B

In 2021, Colombia exported $2.14B in Refined Petroleum. The main destinations of Colombia exports on Refined Petroleum were United States ($1.31B), Bonaire ($125M), Bahamas ($114M), Singapore ($105M), and El Salvador ($68.6M).

In 2021, Colombia imported $3.18B in Refined Petroleum, mainly from United States ($2.73B), Netherlands ($131M), Spain ($84.7M), Belgium ($32.8M), and United Kingdom ($31.9M).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Colombia WERE (2020 - 2021):
United States$266M (25.6%)
Singapore$95.1M (954%)
El Salvador$66.4M (3.05k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Colombia WERE (2020 - 2021):
Trinidad and Tobago-$26.4M (-97.9%)
Ecuador-$19.2M (-35.1%)
Aruba-$6.6M (-77.1%)
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Change in Exports by Market (2020 - 2021)

Market Concentration

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Flow
Type
In 2021, Colombia's main exporting competitors in Refined Petroleum were:
United States $83.3B
Russia $81.8B
India $49B
In 2021, Colombia's main importing competitors in Refined Petroleum were:
United States $62.8B
Singapore $50B
Netherlands $40B

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Trade Value of Refined Petroleum by Exporters

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