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Why buy from Colombia?

buy, Colombia, opportunities, proexport Why buy from Colombia?
Colombia has a diverse exports offer that goes from the agribusiness, manufacturing, and clothing industry, to the services sector. It has the most productive labor force and highest-skilled manual labor availability in South America, according to PricewaterhouseCooper's 2009 report and its goods and services sector set the difference among other countries for its quality, creativity and added value. The Colombian entrepreneur is reputed for being able to adapt their offer to any customer´s demands.
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In 2011, Colombian agri-industrial products were not only present in traditional markets but they were also found in new destinations around the world. This dynamic was reflected in the behavior of Colombian exports.

According to data from the Colombian Ministry of Commerce, Industry, and Tourism (MCIT) and Dane, sales for that year added up to a total of $4.439 million USD, or $578.3 million USD more than in 2010. The above implies a growth of 15% - an indicative figure of Colombia’s strengthening as an agri-industrial products exporter.


This positive change from one year to the next is partly due to the variety of products available to international buyers in Colombia and to the Colombian exporters’ constant innovation and understanding of world consumption trends. Therefore, there is an increasingly larger production of organic foods and fair trade.

The information provided by the MCIT points to the following as the main exported products in 2011: fresh flowers, with sales of $1.239 million USD; bananas ($815 million USD); sugar and honey ($602.6 million USD); coffee by-products ($338 million USD), and confectionery products ($315.5 million USD).

Nonetheless, PROCOLOMBIA - the entity in charge of promoting non-traditional exports, investment, and tourism internationally - found new business opportunities for Colombian exporters in countries like South Korea, Japan, United Arab Emirates, Eastern Europe, and Russia.


The FTA establishes 0% tariff on more than 1.100 Colombian products, including:

  • 77% fruits
  • 90% vegetables
  • 88% processed vegetables
  • 100% flowers

11 Significant changes:


Product

Exports to the World  2010 (US million)

Exports from Colombia to U.S. %

ATPA/ATPDEA Tariff Rate Quotas

FTA Tariff Rate Quotas

Fresh Flowers

1,229

77%

 6,8%

0%

Coffee Derivatives

273

45%

 8,5%

0%

Grain milk and Bakery Products

109

15%

14,9%

0%

Frozen or Refrigerated Fish

4

66%

15%

0%

Spices

5

59%

 4,8%

0%

Fruits and Vegetables

48

40%

30%

0%

Beverages

42

20%

 17,5%

0%

Sugar and Sweetener

456

12%

10%

0%

Fruits (not including Bananas)

46

6%

29,8%

0%

Oils and its derivatives

153

5%

19%

0%

Tabaco

9

10%

US$5,48/kg

0%




Your rating: None Average: 5 (37 votes)



Design, innovation, and quality are some of the main features of the Colombian manufacturing sector, where exporters registered a growth of 19% in sales for 2011.

According to data from the Colombian Ministry of Commerce, Industry, and Tourism (MCIT) and Dane, the sector’s exports for 2011 equaled $7.732 million USD, assisted by the wide variety of subsectors that make up the world of Colombian manufacturing.


The data point exports from the manufacturing and basic supplies and by-products sector in 2011 equaled $7.732 million USD. This implies a growth of 19% vs. 2010, when sales reached $6.473 million USD. However, from the total number of exports, $6.719 million USD where sold in countries in the Americas, the three main destinations being Ecuador ($1.240 million USD), Venezuela ($902.5 million USD), and Peru ($781 million USD).


Cosmetics and Skin Care


Building Materials


Auto Parts OEM


Auto Parts After Market


The FTA creates opportunities allowing o% tariff in the fallowing products:

  • 64% of construction materials
  • 64% of house and house wear
  • 55% of cosmetic and personal care products
  • 48% of auto parts

10 significant changes:

Product

Exports to the World
2010 (US millions)

Exports from Colombia to U.S. %

BEFORE FTA
ATPA/ATPDEA Tariff Rate Quotas

AFTER FTA
FTA Tariff Rate Quotas

Organic chemicals

168

27%

 6,5%

0%

Plastics (raw)

776

6%

 6,5%

0%

Plastic packaging

258

18%

10,7%

0%

Tools

56

13%

9,0%

0%

Crafts

56

26%

28,5%

0%

Auto parts

445

5%

10,0%

0%

Building products

311

17%

13,5%

0%

Wooden Furniture

120

18%

10,0%

0%

Cosmetics and skin care

473

1%

6,5%

0%

Rubber

24

11%

8,0%

0%


Your rating: None Average: 5 (22 votes)


Quality, a high degree of complexity, and companies with highly-skilled labor forces have boosted the Colombian service sector to such levels of professionalism that business opportunities are now available to entrepreneurs in practically every country in the Americas.

The offer is varied and each sector has managed to stand out in the region. One of these sectors is the export of medical services - offering high quality and the capacity to provide complex treatments in different specialized areas like cardiology, oncology, ophthalmology, orthopedics, and dentistry.

Colombia - the entity in charge of promoting non-traditional exports, investment, and tourism internationally - has found that service exporters have managed to earn acclaim from countries in the Americas.

In the United States, knowledge about Colombian BPO and IT services has become increasingly higher as is the demand for them, as well as for specialized medical services provided in Colombia in areas like fertility, oncology, ophthalmology, plastic and reconstructive surgery, stem cell research and procedures, cardiology, bariatric surgery, dental treatments, and executive medical examinations.


Advantages than U.S. companies can find in Colombian services Industry:

  1. According to Doing Business 2010, Colombia has the most flexible labor regime in Latin America.
  2. Colombia has moved from exporting a high percentage of its supply on commodities to services, mainly in the following categories:

Medical Travel

  • Antioquia
  • Atlántico
  • Bolívar
  • Cundinamarca
  • Eje Cafetero
  • Magdalena
  • Santander
  • Valle del Cauca

Audiovisual

  • Valle del Cauca





BPO

  • Antioquia
  • Atlántico


Graphic design and editorial

  • Antioquia
  • Santander
  • Valle del Cauca
  • Huila
  • Eje Cafetero

Engineering services

  • Antioquia Bolívar
  • Eje Cafetero
  • Valle del Cauca
  • Santander

Software

  • Antioquia
  • Atlántico
  • Bolívar
  • Cundinamarca
  • Eje Cafetero
  • Magdalena
  • Valle del Cauca


Your rating: None Average: 3.7 (30 votes)


Exports figures show the international acceptance of Colombian products. According to data from the Ministry of Commerce, Industry, and Tourism (MCIT) and Dane, in 2011 Colombia exported a total $1.408 million USD, a sum that represents an 8% growth vs. 2010.

The industry’s experience is another important reason for its growth. Over the course of more than 100 years, textile manufacturers have continuously developed new products with innovative finishings and processes. Furthermore, the sector’s companies have the capacity for both production and new developments.

In the clothing sector, Colombia has become a front-runner in undergarments and swimwear. However, the clothing offer also includes control garments, children’s clothing, sportswear, loungewear, and jeanswear.

In terms of footwear, this industry has a long, technology-oriented trajectory, and is strong in casual, formal, children’s, and safety footwear.

Regarding leather manufacturing, design is the main differentiating factor in wallets, small-sized leather goods, and belts.

And in jewelry and bijouterie, Colombia’s offer ranges from large-scale production lines to unique pieces in different materials like gold, silver, emerald, semi-precious stones, and seeds.

The Textiles and Apparel Sector in Colombia offers the following advantages:

  • Variety: knits and woven production, outerwear and underwear, swimsuits and beachwear, jeans wear, sportswear and home textile
  • Flexible production and fast reaction product lines: Minimum quantities can be adjusted to customer’s needs depending on each company’s policies
  • Apparel and Ready-to-wear products: United States has been Colombia´s main market for apparel, textiles and ready-to-wear products since the late 20th century.
  • Other benefits: high quality products, social responsible companies, high knowledge and technology in garment and textile production, fashionable design and vertical integration within the sector.

The FTA allows:

  • 0% duty on goods like Jeans wear and includes new tariff reductions by eliminating duties in products like footwear (duties were significantly high at 48%).
  • More than 1.600 products that may enter the US market with 0% tariff: 93% of the apparel-textile and ready to wear categories, 90% for leather manufacturing goods, 73% of footwear and 76% of leather categories, will enter the American market with no duty.

9 Significant Changes:

Product

Exports to the World 2010
(US millions)

Exports from Colombia to
U.S. %

BEFORE FTA
(ATPA/ATPDEA Tariff Rate Quotas)

AFTER FTA
(Tariff Rate Quotas)

LINGERIE

53

5%

16,9%

0%

UNDERWEAR

23

43%

7,4%

0%

SHAPEWEAR

20

33%

20%

0%

SWIMWEAR

14

18%

24,9%

0%

CASUAL WEAR

5

26%

28,6%

0%

LEATHER

85

4%

5%

0%

FOOTWEAR

20

5%

48%

0%

OTHER APPAREL

34

2%

14,9%

0%


Your rating: None Average: 5 (33 votes)