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Colombia's Export Slide Shows A Commodity Reset, Not A Collapse
(MENAFN- The Rio Times) Key Points
Colombia's export earnings slipped for a second straight month at the end of 2025. Exports in November 2025 totaled $4.0166 billion (FOB), down 2.7% from November 2024, following October's $4.3005 billion, a 0.2% year-on-year decline.
The weakness was concentrated in“fuels and extractive industries,” still the largest export group. In November it fell 26.0% to $1.4214 billion and represented 35.4% of total exports. Coal products-hulla, coke and briquettes-slid 47.4% to $392.0 million.
Petroleum-related exports dropped 16.4% to $921.2 million, and crude oil export volume fell to 12.7 million barrels, down 7.6% from a year earlier. Agriculture moved the other way. Agro, food and beverages rose 39.8% to $1.3537 billion, reaching 33.7% of total exports.
Unroasted coffee exports jumped 84.4% to $583.4 million. Bananas climbed 37.1% to $146.8 million. Coffee extracts more than doubled to $71.8 million, and palm oil increased to $64.7 million.
Colombia exports rebalance beyond energy
Manufacturing also improved. Manufactured exports grew 11.5% to $927.4 million (23.1% share), driven by a 25.5% rise in machinery and transport equipment and an 11.5% gain in chemicals.
The United States remained Colombia's biggest buyer (27.1% share), followed by Panama (8.7%), China (5.1%), India (4.7%), Mexico (4.0%), Brazil (3.9%) and Ecuador (3.6%).
Exports to Panama surged 63.7%, largely on higher crude shipments, while exports to Turkey fell 72.3% and to South Korea 44.4%, with coal products a major factor.
From January to November 2025, exports totaled $45.6552 billion, up 1.3%. But the mix shifted: fuels and extractives fell 17.8% to $17.6174 billion, agriculture rose 36.4% to $14.0643 billion, and manufacturing increased 4.9% to $10.0506 billion.
For international readers, this matters because exports are Colombia's main source of hard currency. A prolonged energy dip can weaken the peso and fiscal revenues, while stronger farm and factory sales could make growth less hostage to oil.
November exports fell 2.7% year on year to $4.0166 billion, driven by a steep drop in fuels and coal.
Agriculture jumped 39.8% as coffee surged, helping cushion the blow to export income.
The U.S. stayed the top market; Panama jumped on crude flows while coal-linked buyers pulled back.
Colombia's export earnings slipped for a second straight month at the end of 2025. Exports in November 2025 totaled $4.0166 billion (FOB), down 2.7% from November 2024, following October's $4.3005 billion, a 0.2% year-on-year decline.
The weakness was concentrated in“fuels and extractive industries,” still the largest export group. In November it fell 26.0% to $1.4214 billion and represented 35.4% of total exports. Coal products-hulla, coke and briquettes-slid 47.4% to $392.0 million.
Petroleum-related exports dropped 16.4% to $921.2 million, and crude oil export volume fell to 12.7 million barrels, down 7.6% from a year earlier. Agriculture moved the other way. Agro, food and beverages rose 39.8% to $1.3537 billion, reaching 33.7% of total exports.
Unroasted coffee exports jumped 84.4% to $583.4 million. Bananas climbed 37.1% to $146.8 million. Coffee extracts more than doubled to $71.8 million, and palm oil increased to $64.7 million.
Colombia exports rebalance beyond energy
Manufacturing also improved. Manufactured exports grew 11.5% to $927.4 million (23.1% share), driven by a 25.5% rise in machinery and transport equipment and an 11.5% gain in chemicals.
The United States remained Colombia's biggest buyer (27.1% share), followed by Panama (8.7%), China (5.1%), India (4.7%), Mexico (4.0%), Brazil (3.9%) and Ecuador (3.6%).
Exports to Panama surged 63.7%, largely on higher crude shipments, while exports to Turkey fell 72.3% and to South Korea 44.4%, with coal products a major factor.
From January to November 2025, exports totaled $45.6552 billion, up 1.3%. But the mix shifted: fuels and extractives fell 17.8% to $17.6174 billion, agriculture rose 36.4% to $14.0643 billion, and manufacturing increased 4.9% to $10.0506 billion.
For international readers, this matters because exports are Colombia's main source of hard currency. A prolonged energy dip can weaken the peso and fiscal revenues, while stronger farm and factory sales could make growth less hostage to oil.
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