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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22 Articles
Protothema
Creta24Illicit 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
Illicit cocaine exports have surpassed crude oil sales for the first time, becoming Colombia’s largest single export, according to a report by Medellín-based EAFIT University. Colombia’s illicit cocaine exports are estimated in the study to be worth $16.5 billion by 2024, surpassing the $15 billion earned by the oil industry. The increase underscores Colombia’s position as the world’s leading cocaine producer, responsible for nearly 70% of globa…
Cocaine emerged as Colombia's main export product in 2024, surpassing crude oil in value, according to a study by the EAFIT University of Medellin. Illegal cocaine exports are estimated at $16.5 billion, accounting for nearly 4.4% of the country's GDP and making Colombia responsible for nearly 70% of global supplies.
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