2022
Exports
$16.1BWorld Rnk 19 / 149
Flag Rnk 1 / 1142
2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.25Rnk 1011 / 1025
2022
Imports
$554MWorld Rnk 60 / 158
Flag Rnk 21 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $16.1B 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 ($6.05B), Panama ($5.23B), India ($1.86B), China ($1.06B), and Spain ($583M).

The fastest growing export markets for Crude Petroleum of Colombia between 2021 and 2022 were Panama ($3.29B), United States ($2.7B), and Spain ($461M).

Imports In 2022, Colombia imported $554M in Crude Petroleum, becoming the 60th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 21st most imported product in Colombia. Colombia imports Crude Petroleum primarily from: United States ($480M), Trinidad and Tobago ($68.6M), Ecuador ($3.61M), Panama ($1.15M), and Spain ($14.3k).

The fastest growing import markets in Crude Petroleum for Colombia between 2021 and 2022 were United States ($253M), Ecuador ($3.61M), and Panama ($843k).

Latest Trends

Aug 2024

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 (2022)$16.1B
IMPORTS (2022)$554M
NET TRADE (2022)$15.6B

In 2022, Colombia exported $16.1B in Crude Petroleum. The main destinations of Colombia exports on Crude Petroleum were United States ($6.05B), Panama ($5.23B), India ($1.86B), China ($1.06B), and Spain ($583M).

In 2022, Colombia imported $554M in Crude Petroleum, mainly from United States ($480M), Trinidad and Tobago ($68.6M), Ecuador ($3.61M), Panama ($1.15M), and Spain ($14.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Panama$3.29B (169%)
United States$2.7B (80.5%)
Spain$461M (377%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Colombia WERE (2021 - 2022):
China-$1.62B (-60.4%)
Saint Lucia-$245M (-100%)
Germany-$179M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Crude Petroleum were:
In 2022, Colombia's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.3B
TOP IMPORT POTENTIALUnited States+ $64.5M

Crude Petroleum’s highest export potential is United States. With an export gap of $1.3B.   Crude Petroleum’s highest import potential is United States with an import gap of $64.5M.

See methodology.

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