In 2024, U.S. ethanol exports to Colombia reached a record high of 133 million gallons, valued at $377 million, making Colombia the fifth-largest global market for U.S. ethanol and the largest in Latin America.
Despite the challenges posed by the countervailing duty (CVD) extension on U.S. ethanol imports in 2023, demand for U.S. ethanol in Colombia continues to grow. The CVD, set the duty at $0.066/kg ($0.20 per gallon), is scheduled for review in 2026, but it has not hindered the market’s expansion.
Through the U.S. Grains Council’s promotion of higher ethanol blend rates, Colombia’s reinstatement of the E10 ethanol blend mandate in February fueled its growth in 2024 and ensured consistent demand for ethanol in the country. Imported U.S. ethanol accounted for nearly 52% of the ethanol demand by the end of 2024.
The promotional efforts included educational programs, workshops, and collaboration with stakeholders to position ethanol as a key tool for reducing carbon emissions in transportation.
In 2024, a Council member delivered a keynote speech on ethanol opportunities at the Colombian Petroleum and Gas Association (ACP) Forum, and several representatives from Colombia participated in Council-sponsored events, including the National Ethanol Conference (NEC) and Global Ethanol Summit (GES), strengthening ties with U.S. stakeholders.
The Council engaged and advised on ethanol opportunities with key Colombian institutions, including the Ministries of Energy and Mines, Transport, Environment, as well as private sector associations such as the fuel retailers (COMCE) and sustainable mobility (ANDEMOS) organizations.
These efforts resulted in continued growth of U.S. ethanol imports to Colombia, increasing by 62 million gallons or $154 million over CY 2023.
The Council has played a vital role promoting ethanol as a clean energy solution in Colombia, using $10,489 from the Market Access Program (MAP) and the Regional Agricultural Promotion Program (RAPP) funding resulting in growth in exports of $154 million with a return on investment of $14,682 for every $1 MAP or ATP funds invested.