What Is Colombia’s Biggest Export?

by | Last updated on January 24, 2024

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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 are Colombia’s top three exports?

  1. Crude Petroleum and Coal Briquettes. This is by far the largest export commodity in Colombia. ...
  2. Coffee and Spices. Using data from 2018, Coffee and spices made up 5.6 % of the total exports. ...
  3. Gems and Precious Metals. ...
  4. Plastics. ...
  5. Live Trees and Cut Flowers. ...
  6. Fruits and Nuts. ...
  7. Steel and Iron. ...
  8. Vehicles.

What is Colombia’s main export?

U.S. exports to Colombia in 2010 were $12.1 billion, up 26% from the previous year. U.S. imports from Colombia in 2010 were $15.6 billion, up 38% from 2009 due to high crude oil prices and a low dollar. Colombia’s major exports are petroleum, coffee, coal, nickel, cut flowers, and bananas .

What are Colombia’s main imports?

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 is Colombia’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.

Who is the most famous Colombian?

  • SHAKIRA.
  • EGAN BERNAL. Colombian cyclist born in Bogotá. ...
  • FERNANDO BOTERO. Colombian painter and sculptor. ...
  • SOFIA VERGARA. Colombian actress and model winner of international television awards, based in the United States. ...
  • JUANES. ...
  • JAMES RODRIGUEZ. ...
  • CARLOS VIVES. ...
  • NAIRO QUINTANA.

What is Colombia’s main industry?

Industry and Agriculture

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.

Is Colombia richer than India?

India has a GDP per capita of $7,200 as of 2017, while in Colombia, the GDP per capita is $14,400 as of 2017.

Is Colombia richer than Nigeria?

Stat Colombia Nigeria Population 49.1M 190.9M GDP per capita $6.7k $2k GDP per capita growth 1.02% -0.67%

Is Colombia a developing country 2020?

Colombia meets every criterion of an emerging market economy. Its GDP per capita, at $6,428.676 as of 2019, falls well below the developed country threshold but ranks much higher than most of its peers in the developing world. 1 Its 2020 HDI was 0.767; again, insufficient for a developed country but not far behind .

Who is Colombia’s largest trading partner?

The United States is Colombia’s largest trading partner, accounting for 34 percent of Colombia’s total trade, and Colombia is a top ten supplier of crude oil to the United States.

What is Spain’s biggest import?

  • Crude petroleum – $28.2 billion.
  • Petroleum gas – $9.17 billion.
  • Refined petroleum – $8.56 billion.
  • Copper ore – $2.48 billion.
  • Corn – $1.74 billion.

What food is Colombia famous for?

  • Arepa. Let’s jump straight to the point — there is nothing more Colombian than the arepa. ...
  • Bandeja Paisa. Colombia’s national dish, without a doubt, is the bandeja paisa. ...
  • Sancocho. ...
  • Empanadas. ...
  • Menú del Día. ...
  • Buñuelos. ...
  • Mondongo Soup. ...
  • Lechona.

Why is Colombia so poor?

The unequal distribution of the country’s wealth and welfare resources affects Colombian people and is a cause of poverty. The country’s income concentration is very high compared to the international averages. ... In 81 percent of poor rural homes in Colombia, there is no connection to the piped-water network.

What are 5 interesting facts about Colombia?

  • Colombia is the Second Most Biodiverse Country in the World. ...
  • Colombia is the #1 Most Biodiverse Country in Birdlife. ...
  • Colombia is #1 in Emerald Exportation. ...
  • Coffee Lover’s Rejoice!! ...
  • Colombia is Often Voted One of the World’s Happiest Countries. ...
  • Colombia is #2 in Flower Exportation.

How does Colombia make their money?

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.

Ahmed Ali
Author
Ahmed Ali
Ahmed Ali is a financial analyst with over 15 years of experience in the finance industry. He has worked for major banks and investment firms, and has a wealth of knowledge on investing, real estate, and tax planning. Ahmed is also an advocate for financial literacy and education.