Cocaine revenue surpasses oil exports in Colombia, report says

In 2024, Colombia saw a troubling shift where the illegal cocaine trade outpaced its oil exports, marking it as the nation's top foreign currency earner. This shift highlights the severe impact of drug trafficking on the country's economy, overshadowing traditional industries. It underscores the urgent need for stronger anti-drug policies and alternative economic strategies to mitigate the dominance of the illicit drug trade.