Bogota’s exports of the narcotic exceeded 1,700 tons last year Cocaine is likely to surpass oil to become Colombia’s biggest export this year, as producers of the narcotic have increased their operations amid the introduction of more lenient policies governing the drug’s production, according to an analysis by Bloomberg Economics. “We estimate cocaine export revenues jumped to $18.2 billion in 2022 – not far behind oil exports of $19.1 billion last year,” Bloomberg economist Felipe Hernandez said as part of a report published on Thursday. “The government is destroying laboratories where coca leaves are manufacture
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