Colombia’s Oil Export Slide Exposes A Growing Vulnerability In The External Accounts

2026-01-30 - 12:16

Key Points Oil export earnings fell sharply in 2025, tightening Colombia’s flow of hard currency. Output and crude export volumes weakened, not just prices, pointing to structural strain. Non-oil exports improved, but not enough to fully replace the dollars fuels still bring in. Colombia’s oil sector delivered fewer export dollars in 2025, and the numbers