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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.
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