economy

Export Bonanza?

Private consultant 05/10/2026 12:25 Updated: 05/10/2026 12:25

Export Bonanza?

TL;DR

  • Colombian exports grew by 21% in March and 1.854 billion USD in the first quarter compared to the previous year.
  • 95% of the export revenue increase is attributed to sales of refined gold and hydrocarbons (coal and petroleum).
  • Gold sales increased by 145% in March, and hydrocarbon sales by 355 million USD.
  • The rise in hydrocarbon prices is linked to global conflicts, while the gold bonanza is attributed to a 70% price increase in one year.
  • A significant portion of the gold exports is believed to originate from illegal mining, fueling drug traffickers and terrorists, and being laundered through a sophisticated system involving North American refineries and agencies.
  • The Medellín customs office showed the largest increase in export revenues (120%) while registered tonnage decreased by 31%, indicating sales of high-value, low-volume gold likely from illegal mining operations.