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Anti-narcotics and military police officers prepare for the incineration of more than 200 kilos of cocaine seized in southern Honduras near the border with Nicaragua, August 5, 2016.

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  • Cocaine is set to become Colombia's top export this year, edging out oil products, according to a note from Bloomberg Economics.
  • Revenue derived from Colombia's cocaine business is nearing $20 billion, ahead of the country's $19.1 billion in 2022 oil exports.
  • Cocaine production in Colombia is at its highest level since 1991 amid lenient policies from Colombian President Gustavo Petro.

Colombia's top export is about to shift from oil to cocaine, according to a recent note from Bloomberg Economics.

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Markets, mi-exclusive, Cocaine, Markets, cocaine-smuggling, Columbia, economy, analyst-note, finance
Source
Cocaine is about surpass oil as Colombia's top export as revenues near $20 bill…