The Export Trade Analysis of Colombia in 2024

Colombia, based in the northwestern part of South America, sharing borders with the Caribbean Sea, Venezuela, Peru, and Panama in the north, east, south, and west directions, has established itself as a substantial contributor to the global export trade market. Colombia Import Data says, the country, with its strong growth in non-mining exports, along with the booming agricultural and consumer goods activities, with sectoral highlights and regional variations regarding specific categories like electric transformers and insecticides, has set up an epitome for trade empire among other global competitors.

The country, with its thriving production capacity and high growth in non-extractive goods like fish products and automotive essentials, with the replacement of some Chinese supply in strong export segments, has resulted in an export trade value of goods worth 51 billion US dollars in 2024. Subscribe to Import Globals, an import export trade provider, to stay updated with the latest information on the export valuation of Colombia via the Colombia trade data.

POLICY REFORMS SUPPORTING THE EXPORT MARKET OF COLOMBIA IN 2024

The ProColombia Export Training for Women-Led Small and Medium Enterprises has approved training in export planning and digital marketing for the domestic trade authorities. It has specialized in training on environmental standards for increasing the active participation of the enterprises in trade shows. The AL-INVEST World Technical Assistance Program was initiated by the Colombian government authorities to ensure that Colombian products meet the environmental requirements. The utmost aim of the initiative is to help the exporters comply with the European Union’s sustainability standards for increasing their competitiveness.

The “From Colombia to New Markets” initiative was another comprehensive one launched by the authorities to bring various stakeholders together, including the agricultural and industrial sectors, for expanding the Colombian exports reach in different markets. It has diversified the export destinations while reducing the dependency on traditional trading partners. Wrapping up the list, the Digital Transformation Support for Medium and Small Enterprises was structured by the government authorities to introduce innovation and digital skills training in the domestic trade authorities to enhance the competitiveness with an expansion in the global region’s export market.

THE LEADING VARIANTS OF GOODS EXPORTED FROM COLOMBIA IN 2024

Colombia, with its aggregate increase in the globally demanded supplies via its thriving production capacities, has introduced diversification in the export portfolio. According to the Colombia Export Data, the top 10 leading variants of goods exported from the nation in 2024 are,

  • Crude Petroleum — The total valuation of Crude Petroleum exported from Colombia in 2024–7.12 billion US dollars
  • Unroasted Coffee — The total valuation of Unroasted Coffee exported from Colombia in 2024–6.32 billion US dollars
  • Coal Briquettes — The total valuation of Coal Briquettes exported from Colombia in 2024–4.78 billion US dollars
  • Cut Flowers — The total valuation of Cut Flowers exported from Colombia in 2024–3.45 billion US dollars
  • Bananas — The total valuation of Bananas exported from Colombia in 2024–2.91 billion US dollars
  • Petroleum Gas — The total valuation of Petroleum Gas exported from Colombia in 2024–1.76 billion US dollars
  • Refined Petroleum — The total valuation of Refined Petroleum exported from Colombia in 2024–1.65 billion US dollars
  • Coal Tar Oil — The total valuation of Coal Tar Oil exported from Colombia in 2024–1.19 billion US dollars
  • Gold (Unwrought) — The total valuation of Gold (Unwrought) exported from Colombia in 2024–1.08 billion US dollars
  • Textiles — The total valuation of Textiles exported from Colombia in 2024–1 billion US dollars

TOP 10 EXPORT TRADE PARTNERS OF COLOMBIA IN 2024

The country, to maintain stability as per the global standards and to increase the comprehensive trade relations with the top suppliers, has taken different steps towards supply chain integration. As per the Colombia Customs Data, the top 10 export trade partners of the nation in 2024 are,

  • United States — The annual valuation of goods exported from Colombia to the United States in 2024–4.21 billion US dollars

Top 5 variants of goods exported

· Crude petroleum

· Coal briquettes

· Refined petroleum

· Petroleum gas

· Coal tar oil

  • Panama — The annual valuation of goods exported from Colombia to Panama in 2024–3.87 billion US dollars

Top 5 variants of goods exported

· Gold (unwrought)

· Coffee (not roasted)

· Cut flowers

· Bananas (and plantains)

· Fruits and nuts

  • India — The annual valuation of goods exported from Colombia to India in 2024–3.21 billion US dollars

Top 5 variants of goods exported

· Sugar and sugar confectionery

· Plastics and plastic articles

· Electrical machinery and equipment

· Aluminum and aluminum articles

· Fats, oils, and waxes

  • China — The annual valuation of goods exported from Colombia to China in 2024–2.76 billion US dollars

Top 5 variants of goods exported

· Electrical machinery (machinery parts)

· Iron and steel products

· Gems, precious metals, and stones

· Pearls and imitation jewelry

· Live trees, plants, bulbs, roots

  • Ecuador — The annual valuation of goods exported from Colombia to Ecuador in 2024–2.25 billion US dollars

Top 5 variants of goods exported

· Sugars and sugar confectionery

· Ferro-alloys

· Automotive vehicles

· Essential oils, perfumes, cosmetics, toiletries

· Pharmaceuticals

  • Netherlands — The annual valuation of goods exported from Colombia to the Netherlands in 2024–1.89 billion US dollars

Top 5 variants of goods exported

· Miscellaneous chemical products

· Machinery and boilers (e.g., nuclear reactors)

· Miscellaneous edible preparations

· Paper, pulp, and board articles

· Ores, slag, and ash

  • Brazil — The annual valuation of goods exported from Colombia to Brazil in 2024–1.65 billion US dollars

Top 5 variants of goods exported

· Copper

· Coke and semi-coke

· Iron ferroalloys

· Bridge structures and parts

· Palm oil and its fractions

  • Mexico — The annual valuation of goods exported from Colombia to Mexico in 2024–1.47 billion US dollars

Top 5 variants of goods exported

· Ores, slag, and ash

· Copper

· Coke and semi-coke

· Iron ferroalloys

· Bridge structures and parts

  • Spain — The annual valuation of goods exported from Colombia to Spain in 2024–1.09 billion US dollars

Top 5 variants of goods exported

· Onion (raw agricultural product)

· Rice (raw)

· Potato (raw)

· Maize (corn) (raw)

· Cassava (raw)

  • Peru — The annual valuation of goods exported from Colombia to Peru in 2024–1 billion US dollars

Top 5 variants of goods exported

· Blackberries (raw)

· Cranberries (raw)

· Mulberries (raw)

· Gooseberries (raw)

· Pomegranates (raw)

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