Colombian Cocaine exports hit $16.5 billion, surpassing its oil sector: Study
- Colombian cocaine exports reached $16.5 billion in 2024, surpassing the petroleum industry's $15 billion, becoming the country's largest export according to EAFIT University.
- Colombia produces about 70% of the world's cocaine supply, with cocaine exports contributing around 4% of the GDP in 2024, up from 0.8% in 2013.
- Annual cocaine production in Colombia rose from under 300 metric tons in 2013 to nearly 3,000 metric tons in 2024, with prices increasing at each stage from raw coca to export and wholesale.
- Criminal groups in Colombia have expanded their international drug trafficking networks, greatly increasing their profits and making drug trade a dominant part of the economy.
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36 Articles
The value of illegal cocaine exports in Colombia surpassed income from crude oil exports for the first time in 2024. According to research by EAFIT University, the size of the cocaine trade reached $16.5 billion, while the share of the sector in the country's economy increased to more than 4 percent.
Protothema
Illicit drug exports reached $16.5 billion in 2024, surpassing the $15 billion collected by the oil industry, according to a study.
A report by Eafit University revealed that cocaine exports reached $16.5 billion in 2024, above oil and coal
Other major businessmen in Colombian exports are José Linares at the head of Drummond, Vanessa Espinal at the head of Eslop and Leonardo Li with Zijin The article Coffee growers led by German Bahamón are the second exporters beating oil tankers and miners was originally published in Las2orillas.co: Stories, Voices and News from Colombia. Copyrights Las2orillas.co
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