2023
Exports
$2.69BWorld Rnk 45 / 214
Flag Rnk 5 / 1150
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$4.62BWorld Rnk 48 / 226
Flag Rnk 1 / 1192
2023
ECONOMIC COMPLEXITY of Colombia
0.23Rnk 51 / 132

About

Exports In 2023, Colombia exported $2.69B in Refined Petroleum, making it the 45th 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 ($1.44B), Egypt ($244M), Bonaire ($202M), Spain ($121M), and Bahamas ($107M).

The fastest growing export markets for Refined Petroleum of Colombia between 2022 and 2023 were United States ($432M), Egypt ($221M), and Ecuador ($33.5M).

Imports In 2023, Colombia imported $4.62B in Refined Petroleum, becoming the 48th 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 ($3.53B), Belgium ($226M), United Kingdom ($222M), Netherlands ($219M), and Spain ($133M).

The fastest growing import markets in Refined Petroleum for Colombia between 2022 and 2023 were Netherlands ($136M), Belgium ($110M), and Brazil ($81.4M).

COMPANIES In 2024, leading companies such as Dole Fresh Fruit (150), Chiquita (7), and Rothfos (1) were at the forefront of shipping Refined Petroleum from Colombia to the United States.

Latest Trends

Dec 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 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 (2023)$2.69B
IMPORTS (2023)$4.62B
NET TRADE (2023)-$1.93B

In 2023, Colombia exported $2.69B in Refined Petroleum. The main destinations of Colombia exports on Refined Petroleum were United States ($1.44B), Egypt ($244M), Bonaire ($202M), Spain ($121M), and Bahamas ($107M).

In 2023, Colombia imported $4.62B in Refined Petroleum, mainly from United States ($3.53B), Belgium ($226M), United Kingdom ($222M), Netherlands ($219M), and Spain ($133M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Colombia WERE (2022 - 2023):
United States$432M (42.7%)
Egypt$221M (950%)
Ecuador$33.5M (217%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Colombia WERE (2022 - 2023):
Bonaire-$192M (-48.7%)
Panama-$114M (-69.7%)
Saudi Arabia-$81.2M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Colombia's main exporting competitors in Refined Petroleum were:
In 2023, Colombia's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $528M
TOP IMPORT POTENTIALBrazil+ $120M

Refined Petroleum’s highest export potential is United States. With an export gap of $528M.   Refined Petroleum’s highest import potential is Brazil with an import gap of $120M.

See methodology.

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