Crude Petroleum.
Exports The top exports of Colombia are Crude Petroleum ($7.46B), Coal Briquettes ($4.13B), Coffee ($2.54B), Gold ($2.34B), and Refined Petroleum ($1.55B), exporting mostly to United States ($9.55B), China ($2.8B), Ecuador ($1.51B), Panama ($1.43B), and Brazil ($1.28B).
What is Colombia’s main exporting item?
Petroleum is Colombia’s main export, representing over 45% of Colombia’s exports. Manufacturing represents nearly 12% of Colombia’s exports, and grows at a rate of over 10% a year.
What is Colombia famous for producing?
Colombia’s industries include mining (coal, gold, and emeralds), oil, textiles and clothing, agribusiness (cut flowers, bananas, sugarcane, and coffee), beverages, chemicals and petrochemicals, cement, construction, iron and steel products, and metalworking.
What is Colombia’s biggest import?
Colombia main imports are: machinery and transport equipment (39 percent of total imports); manufactured products (22 percent); chemicals and related products (17 percent); fuel, mineral lubricants and related products (10 percent) and food and livestock (8 percent).
What does Columbia produce the most?
The primary agricultural products of Colombia are coffee (the country is the fourth-largest producer of coffee in the world), cut flowers, bananas, rice, tobacco, corn, sugarcane, cocoa beans, oilseed, vegetables, fique, panela, forest products; and shrimp.
What are the top 10 exports of Colombia?
Top 10
- Mineral fuels including oil: US$12.9 billion (41.6% of total exports)
- Gems, precious metals: $3 billion (9.6%)
- Coffee, tea, spices: $2.5 billion (8.2%)
- Live trees, plants, cut flowers: $1.4 billion (4.6%)
- Plastics, plastic articles: $1.3 billion (4.3%)
- Fruits, nuts: $1.3 billion (4.1%)
What is Colombia’s largest export to the United States?
Crude Petroleum
The main products that Colombia exported to United States are Crude Petroleum ($2.67B), Cut Flowers ($1.13B), and Gold ($1.1B). During the last 25 years the exports of Colombia to United States have increased at an annualized rate of 3.78%, from $3.77B in 1995 to $9.55B in 2020.
What is Columbia’s #1 legal export?
Shipments of crude petroleum account for 31.8% of Colombia’s total exports, making it the biggest export of the country. Worldwide exports of crude petroleum are worth $1.08 trillion each year and Colombia has a 1.28% share of that market.
What are 3 things Colombia is known for?
In a nutshell, Colombia is famous for its arepas and specialty coffee, as well as the kindness of its people. It’s known for its diverse landscapes and culturally rich heritage where art, music, and theater mix. It also has its share of famous people like Shakira and Sofia Vergara.
Is Colombia known for its gold?
The people and economy were highly dependent on gold mining in the region. In the 19th century, Colombia was the higher producer of gold in the world. It’s estimated, between 1537 and 1886, the country produced gold worth $639 million.
Does Colombia export oil?
Exports of crude oil and its products from Colombia amounted to approximately 8.75 billion U.S. dollars in 2020, a 45 percent decline in comparison to the previous year.
What are the exports and imports of Colombia?
Colombia Exports and Imports of Product Groups 2019
Colombia Raw materials exports are worth US$ 22,191 million, product share of 56.19%. Colombia Raw materials imports are worth US$ 3,768 million, product share of 7.15%. Colombia Intermediate goods exports are worth US$ 6,944 million, product share of 17.58%.
What does the US get from Columbia?
Primary U.S. imports from Colombia include crude oil, coffee, and cut flowers. Approximately 450 U.S. businesses have investments in Colombia. U.S. direct investment in Colombia is primarily concentrated in the mining and manufacturing sectors.
What are 3 major industries in Colombia?
The poverty levels had also dropped from highs of 65% in 1990 to 24% by 2015. Industries such as electronics, shipbuilding, tourism, mining, construction, and automobile grew rapidly between the 2000s and 2010s. The country is the 2nd biggest producer of domestically made appliances and electronics outside Mexico.
What is Colombia’s economy based on?
Colombia has a thriving market economy based primarily on oil, mining, agriculture, and manufacturing. The country’s GDP in 2013 was US$226 billion and per capita GDP was US$10,100, placing it as a middle-income country. Growth over the past decade has been a robust 4.7 percent.
What is Colombia known for drugs?
Cocaine production
Between 1993 and 1999 Colombia became the main global producer of raw coca, as well as of refined cocaine, and one of the major exporters of heroin. The value of the cocaine trade is assessed at $10 billion per year in U.S. dollars.
Who buys Colombian oil?
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). Tariffs In 2018, the average tariff for Colombia in Refined Petroleum was 1.44%.
What does Canada import from Colombia?
Canadian merchandise imports from Colombia totalled $717 million in 2010. Major imports consist of mineral fuels and oils, coffee, fruits, and sugar. As of 2010, the accumulated value of Canadian investment in Colombia was $824 million.
What does Colombia trade with other countries?
Colombia top 5 Export and Import partners
| Exporter | Trade (US$ Mil) | Partner share(%) |
|---|---|---|
| China | 10,967 | 20.81 |
| Mexico | 3,880 | 7.36 |
| Brazil | 3,174 | 6.02 |
| Germany | 2,173 | 4.12 |
Is Colombia duty free?
The apparel assembled in Colombia, made from the U.S. yarns and fabrics, entered the U.S. duty free. Under the bilateral free trade agreement, qualifying U.S. yarns and fabrics enter the Colombia region duty-free.
What is Colombia’s nickname?
gateway to South America
Colombia is nicknamed the “gateway to South America” because it sits in the northwestern part of the continent where South America connects with Central and North America.
