Which exports grew fastest in Colombia?

Electrical machinery and equipment was the fastest grower among Colombia’s top 10 export categories, up by 20.2% from 2022 to 2023. In second place for improving export sales was aluminum via a 15.7% upturn. Colombia’s shipments of sugar including sugar confectionery posted the third-fastest gain in value, up by 15.5%.

How much did Colombia export in 2023?

Located in South America’s northwest area and sharing part of its northern border with Panama, the Republic of Colombia shipped US$49.5 billion worth of exported products around the world in 2023. That dollar amount reflects a 25.4% increase compared to the $39.5 billion in Colombian exports for five years earlier in 2019.

Does Colombia have a strong competitive advantage under the oil product category?

Colombia has highly positive net exports in the international trade of mineral fuels-related exports, particularly crude oil and coal. In turn, these cashflows indicate Colombia’s strong competitive advantages under the oil product category.

How did Colombia's sugar exports perform compared to other countries?

Colombia’s shipments of sugar including sugar confectionery posted the third-fastest gain in value, up by 15.5%. The leading decliner among Colombia’s top 10 export categories was coffee, tea and spices, a product category that recorded a -29% year-over-year drop.

What percentage of Colombia's exports go to North America?

From a continental perspective, 33.8% of Colombia’s exports by value was delivered to North American countries while 29.3% was sold to importers in Latin America excluding Mexico but including the Caribbean. Colombia shipped another 19.3% worth of goods to Asia.