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CRUDE OIL

NORTH AMERICA

Refined Oil

50.3% of the total value of exports during June 2023.

Was mainly directed United States, China and Panama.

2022 - It was the most exported product of Colombia

The 44th largest exporter of refined oil in the world.

With exports USA ($1,01MM), Bonaire ($394M), Panamá ($174M), Bahamas ($162M), Spain ($154M).

1926 - started exports.

2012 - Free Trade agreement

2018 - 426.000 BPD largest oil exporter in South America to the United States.

NATIONAL ADMINISTRATIVE DEPARTMENT OF STATISTICS - DANE

NORTH AMERICA

RAW OIL

1926 - started export.

2012 - Free Trade agreement

2018 - 426.000 BPD largest oil exporter in South America to the United States.

Petroleum History

- Discovered in 1536​.

- This industry start to develop in 1920 with the production of 2000 barrels daily.

- 1999 ------> 816.000 BPD

- 2024 -----------> 770.000 BPD

SOUTH AMERICA

COLOMBIA

Area: (440,831 sq mi)

Population: 51.52 millIon (2021)

Export: Increase the GDP 4,3% in 2023

INDUSTRIES

Petroleum and Gas: 40% of total exports. 2,6% of GDP in 2023

Mining: 1,3% of Gross Domestic Product.

Agriculture: 4% of Gross Domestic Product.

Globalization Benefits

The opportunity to open markets in other countries.

Entry of foreign investment.

Academic and labor mobility.

Bibliography and sources:

  • https://insightss.co/10-must-uses-of-crude-oil-life-without-oil-seems-impossible/

  • https://www.larepublica.co/economia/ingresos-petroleros-representaran-cerca-de-2-6-del-pib-en-2023-segun-fedesarrollo-3529884

  • https://oec.world/es/profile/bilateral-product/refined-petroleum/reporter/col

  • https://www.dane.gov.co/index.php/estadisticas-por-tema/comercio-internacional/exportaciones#:~:text=De%20acuerdo%20con%20la%20informaci%C3%B3n,las%20ventas%20externas%20del%20grupo

COLOMBIAN INDUSTRIES

GLOBALIZATION

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