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Export News
2025-08-29
Situated in the northwestern corner of South America and bordering Panama to the north, the Republic of Colombia exported goods worth US$49.6 billion worldwide in 2024.
This export value represents a sharp 59.6% increase compared to the $31.05 billion recorded in 2020.
On a yearly basis, however, Colombia's export growth slowed significantly, showing only a 0.02% uptick from $49.5 billion in 2023.
When measured against the 2024 average exchange rate, the Colombian peso strengthened by 5.9% against the US dollar. This appreciation made Colombian products—priced in US dollars—comparatively more expensive for international buyers, especially those purchasing with weaker currencies.
Colombia's Leading Export Destinations
The most recent trade statistics reveal that 72.8% of Colombia's goods were shipped to the following markets:
1.United States (30.2% of the total)
2.Panama (8.7%)
3.India (5.4%)
4.Mainland China (4.8%)
5.Mexico (3.95%)
6.Brazil (3.89%)
7.Ecuador (3.88%)
8.Netherlands (3.1%)
9.South Korea (2.38%)
10.Peru (2.36%)
11.Chile (2.1%)
12.Venezuela (2%)
From a continental outlook, the bulk of Colombia's exports went to North America (36.1%), followed by Latin America & the Caribbean (30.6%) and Asia (19.5%). Smaller percentages were directed to Europe (12.5%), Africa (1%), and Oceania (0.3%), with Australia and New Zealand leading that last group.
With a population of roughly 52.7 million, Colombia's $49.6 billion export revenue equates to about $950 per person in 2024—slightly above the previous year's $940 average.
Colombia's Top 10 Export Categories (2024)
1.Mineral fuels including oil – US$22.5 billion (45.3%)
2.Gems & precious metals – $4.3 billion (8.7%)
3.Coffee, tea & spices – $3.6 billion (7.2%)
4.Live trees, plants & cut flowers – $2.4 billion (4.8%)
5.Fruits & nuts – $1.8 billion (3.7%)
6.Plastics & plastic products – $1.7 billion (3.4%)
7.Electrical machinery & equipment – $1 billion (2%)
8.Aluminum – $826.9 million (1.7%)
9.Animal/vegetable oils, fats & waxes – $781.2 million (1.6%)
10.Sugar & confectionery – $715.2 million (1.4%)
Together, these top 10 product groups accounted for nearly 80% (79.8%) of Colombia's export revenues in 2024.
Fastest-Growing Categories
·Fruits & nuts: +34.9%
·Electrical machinery & equipment: +27.6%
·Coffee, tea & spices: +21.6%
Major Decliner
·Mineral fuels including oil: -10.3%
At a more detailed level, the key exported goods included crude oil (24.3% of the total), coal (12.1%), unwrought gold (8.3%), coffee (7.2%), refined petroleum (5.5%), cut flowers (4.7%), bananas & plantains (2.5%), coke & semi-coke (2.2%), bridge parts (1.2%), and ferroalloys (1.1%). Collectively, these items contributed 69.2% of total export revenues.
Key Colombian Export Companies
Businesses aiming to penetrate Colombia's export markets need access to reliable suppliers. With Tendata's advanced trade intelligence tools—including keyword search, HS code filtering, and customer verification—companies can swiftly identify buyers, analyze purchasing trends, and shorten their market entry timeline.
For example, those researching banana exports can instantly see the top 10 suppliers in Colombia for 2024: >>Find More Colombia Suppliers
1.C.I. Unión de Bananeros de Urabá S.A. Uniban (35.45%, $429.9M)
2.C.I. Técnicas Baltime de Colombia S.A. (15.1%, $183.08M)
3.Comercializadora Internacional Banacol de Colombia S.A.S. (10.54%, $127.82M)
4.Comercializadora Internacional Bananeros Unidos de Santa Marta S.A.S. (9.18%, $111.38M)
5.Sociedad de Comercialización Internacional Banafrut S.A. (6.9%, $83.64M)
6.C.I. Tropical S.A.S. (6.81%, $82.61M)
7.Comercializadora Internacional Bana Rica S.A. (2.97%, $35.98M)
8.Sociedad de Comercialización Internacional Consultoría y Servicios Bananeros S.A.S. (1.59%, $19.26M)
9.C.I. Frusama S.A.S. (1.25%, $15.18M)
10.C.I. Técnicas Baltime de Colombia S.A.S. (1.23%, $14.93M)
Whether you are an established trader or new to international markets, using Colombia's export data can help uncover hidden opportunities.
For more insights into Colombia's export and import data, contact Tendata for a free online demo.
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