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Who buys Colombia’s crude oil? Export destinations 2024

In 2024, Colombia exported $12.4 billion of crude oil (26 million tonnes), 1% of the world total. Its main destinations were the United States (40%), Panama (31%) and India (14%). Colombia was the world’s 24th-largest exporter of crude oil.

Summary

Value
$12.4billion
Tonnes
26million tonnes
Share of world total
1%
World rank
24th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 15 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
United States4.9Tonnes: 9,959,964USD per tonne: $49639.7%Sea
Panama3.9Tonnes: 8,107,310USD per tonne: $47931.2%Land
India1.7Tonnes: 3,624,947USD per tonne: $47013.7%Sea
China0.89Tonnes: 2,244,952USD per tonne: $3987.2%Sea
Netherlands re-exports0.27Tonnes: 575,017USD per tonne: $4632.1%Sea
Côte d'Ivoire0.26Tonnes: 507,076USD per tonne: $5072.1%Sea
Jamaica0.16Tonnes: 322,056USD per tonne: $4931.3%Sea
Bahamas0.11Tonnes: 220,574USD per tonne: $4860.86%Sea
Peru0.09Tonnes: 167,391USD per tonne: $5210.7%Land
Philippines0.07Tonnes: 119,869USD per tonne: $5460.53%Sea
Canada0.04Tonnes: 71,831USD per tonne: $5070.29%Sea
Italy0.02Tonnes: 53,559USD per tonne: $4350.19%Sea
Brunei0.02Tonnes: 28,386USD per tonne: $5450.12%Sea
Qatar< 0.01Tonnes: 7,261USD per tonne: $3780.02%Sea
Spain< 0.01Tonnes: —USD per tonne: —0%Sea

Trend

Who it sells to

The United States was its main destination throughout the period

Value in USD billions. The five largest destinations in 2024.

  • United States 4.9
  • Panama 3.9
  • India 1.7
  • China 0.89
  • Netherlands 0.27

Source: CEPII BACI

Show the numbers
Partner19952024
United States1.44.9
Panama03.9
India01.7
China00.89
Netherlands00.27

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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