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View PricingThe Colombian crude oil market soared to $X in 2025, rising by X% against the previous year. Overall, consumption saw a pronounced increase. Crude oil consumption peaked in 2025 and is expected to retain growth in years to come.
In value terms, crude oil production reached $X in 2025 estimated in export price. Overall, production, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Crude oil production peaked at $X in 2013; however, from 2014 to 2025, production stood at a somewhat lower figure.
In 2025, overseas shipments of crude petroleum oil decreased by X% to X tons for the first time since 2021, thus ending a two-year rising trend. In general, exports recorded a noticeable decline. The pace of growth was the most pronounced in 2013 with an increase of X%. The exports peaked at X tons in 2014; however, from 2015 to 2025, the exports failed to regain momentum.
In value terms, crude oil exports reduced modestly to $X in 2025. Over the period under review, exports recorded a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2025, the exports failed to regain momentum.
The United States (X tons), Panama (X tons) and India (X tons) were the main destinations of crude oil exports from Colombia, with a combined X% share of total exports. China, Spain, Malaysia and Jamaica lagged somewhat behind, together comprising a further X%.
From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Jamaica (with a CAGR of X%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for crude oil exported from Colombia were the United States ($X), Panama ($X) and India ($X), together comprising X% of total exports. China, Spain, Malaysia and Jamaica lagged somewhat behind, together accounting for a further X%.
Jamaica, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
The average crude oil export price stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the export price saw a perceptible decline. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2023, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and Jamaica ($X per ton), while the average price for exports to Malaysia ($X per ton) and India ($X per ton) were amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Jamaica (X%), while the prices for the other major destinations experienced a decline.
Crude oil imports into Colombia rose significantly to X tons in 2025, growing by X% compared with 2023 figures. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked in 2025 and are likely to see gradual growth in years to come.
In value terms, crude oil imports soared to $X in 2025. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked in 2025 and are likely to see gradual growth in years to come.
In 2023, the United States (X tons) constituted the largest supplier of crude oil to Colombia, with a X% share of total imports. Moreover, crude oil imports from the United States exceeded the figures recorded by the second-largest supplier, Guyana (X tons), threefold. The third position in this ranking was held by Nigeria (X tons), with an X% share.
From 2012 to 2023, the average annual rate of growth in terms of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Guyana (X% per year) and Nigeria (X.7% per year).
In value terms, the United States ($X) constituted the largest supplier of crude petroleum oil to Colombia, comprising X% of total imports. The second position in the ranking was held by Nigeria ($X), with a X% share of total imports. It was followed by Guyana, with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Nigeria (X.8% per year) and Guyana (X% per year).
The average crude oil import price stood at $X per ton in 2023, with an increase of X% against the previous year. Overall, the import price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Nigeria ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Trinidad and Tobago (X%), while the prices for the other major suppliers experienced mixed trend patterns.
This report provides a comprehensive view of the crude oil industry in Colombia, tracking demand, supply, and trade flows across the national value chain. It explains how demand across key channels and end-use segments shapes consumption patterns, while also mapping the role of input availability, production efficiency, and regulatory standards on supply.
Beyond headline metrics, the study benchmarks prices, margins, and trade routes so you can see where value is created and how it moves between domestic suppliers and international partners. The analysis is designed to support strategic planning, market entry, portfolio prioritization, and risk management in the crude oil landscape in Colombia.
The report combines market sizing with trade intelligence and price analytics for Colombia. It covers both historical performance and the forward outlook to 2035, allowing you to compare cycles, structural shifts, and policy impacts.
This report provides a consistent view of market size, trade balance, prices, and per-capita indicators for Colombia. The profile highlights demand structure and trade position, enabling benchmarking against regional and global peers.
The analysis is built on a multi-source framework that combines official statistics, trade records, company disclosures, and expert validation. Data are standardized, reconciled, and cross-checked to ensure consistency across time series.
All data are normalized to a common product definition and mapped to a consistent set of codes. This ensures that comparisons across time are aligned and actionable.
The forecast horizon extends to 2035 and is based on a structured model that links crude oil demand and supply to macroeconomic indicators, trade patterns, and sector-specific drivers. The model captures both cyclical and structural factors and reflects known policy and technology shifts in Colombia.
Each projection is built from national historical patterns and the broader regional context, allowing the report to show where growth is concentrated and where risks are elevated.
Prices are analyzed in detail, including export and import unit values, regional spreads, and changes in trade costs. The report highlights how seasonality, freight rates, exchange rates, and supply disruptions influence pricing and margins.
Key producers, exporters, and distributors are profiled with a focus on their operational scale, geographic footprint, product mix, and market positioning. This helps identify competitive pressure points, partnership opportunities, and routes to differentiation.
This report is designed for manufacturers, distributors, importers, wholesalers, investors, and advisors who need a clear, data-driven picture of crude oil dynamics in Colombia.
The market size aggregates consumption and trade data, presented in both value and volume terms.
The projections combine historical trends with macroeconomic indicators, trade dynamics, and sector-specific drivers.
Yes, it includes export and import unit values, regional spreads, and a pricing outlook to 2035.
The report benchmarks market size, trade balance, prices, and per-capita indicators for Colombia.
Yes, it highlights demand hotspots, trade routes, pricing trends, and competitive context.
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Ecopetrol reported strong operational results for a nine-month period, with average production of 751,000 barrels per day and robust performance across exploration, transportation, and refining segments.
Ecopetrol's 2025 results show strong operational and financial performance, including record reserves replacement, exceeded drilling targets, and a proposed dividend, while advancing its renewable energy portfolio.
Ecopetrol's Q1 2025 report shows steady production amid market volatility, with refining margins impacted by maintenance, while advancing key natural gas projects for future operations.
Ecopetrol's Q2 2025 report shows strong operational performance with record production, major discoveries, and strategic moves into renewable energy, despite lower Brent crude prices.
Frontera Energy sells its Colombian E&P assets to Parex Resources in a $750M deal, set to close in Q2 2026, allowing Frontera to focus on infrastructure.
GeoPark withdraws from bidding for Frontera Energy's Colombian assets, choosing financial discipline and focusing on its core portfolio in Colombia and Argentina's Vaca Muerta shale.
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Charts mirror the report figures on the platform. Values are synthetic for demo use.
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