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Colombia Economy

Colombia economy is mainly based on agriculture. But there are many other sectors in Colombia, which play a huge role in keep the economy of Colombia rolling.
Previously, Colombia economy was somewhat restricted in many different sectors. But now the economy of this South American country can be said to be based on the open market policies and activities. The main pillars of Colombia economy are the agricultural sector, mineral resources and related trade and also the export industry.

Colombia economy is largely dependent on the agricultural field. There are a huge variety of crops that are grown in Colombia. Commercial agriculture yield many other crops that are exported also. Some of the main crops that are grown in Colombia are, grains, potatoes, beans and also a wide variety of fruits. The commercial crops that are grown in Colombia are coffee, sugarcane, oil palm, cotton, banana and some other. But coffee is the main commercial crop in Colombia and is an important part of Colombia economy.

Colombia economy has the mineral resources as one of the important part of the economic scenario. There are a number of mineral deposits in Colombia and many mines also. The minerals that are usually found in Colombia are, gold, platinum, copper, manganese, lead and mercury. Another important mineral deposit of Colombia is the petroleum resource of this country. In fact, at present petroleum is the main export material from Colombia that has replaced coffee. Colombia is also a part of many economic organizations like the Andean Group of which many South America countries are members. Moreover, it has economic connections with other South American countries and with United States also.

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