Chinese automakers have filled the gap in the Russian market left by the withdrawal of Western brands. In the 5 months of 2023, Chinese automakers exported more cars to Russia than to any other country. According to Bloomberg, China exported about 287,000 to Russia from January to May. cars, which is almost twice as many […]
Tag: export
Barranquilla promotes business alliances for secure trade
A Barranquilla-based industrial company with intent to engage in foreign trade received a visit from one of the executives of Lacoste, the menswear brand. The presence of the director of the brand created in France was to verify the possibilities of having the local company as a supplier. His intentions were serious with his presence […]
Exports from Atlantico and Barranquilla increased by 5.4%
In April this year, the department of Atlántico’s exports amounted to USD 168 million, representing an increase of 5.4% compared to the same period of the previous year, according to the National Administrative Service of Statistics (Dane). Barranquilla, as the main engine of the economy of the Atlántico department, shows a favorable development in its […]
Colombian exports fell 31.5% in April
In April 2023, the country’s foreign sales amounted to USD 3,738.6 million, which represented a decrease of 31.5% compared to April 2022. This was announced by the National Administrative Department of Statistics (Dane) in collaboration with the Directorate of National Taxes and Customs (Dian). The entity emphasized that this result is mainly due to the […]
A possible recession in the US could affect the country’s foreign trade
The recent announcement of a recession in the US, either in the last quarter of 2023 or in the first quarter of 2024, by that country’s Federal Reserve, could impact Colombia’s foreign trade goals, especially on the export side. “For this year, we expect foreign sales of nearly $60,000 million. However, the outlook for the […]
Coal exports up 10.6% while coke exports down 29%
During the first quarter of 2023, Colombia exported 13.2 million tons of thermal and metallurgical coal, an increase of 10.6% compared to the first quarter of 2022, for a value of USD 2,573 million, representing an increase of 74% in compared to the same period last year. This was confirmed by the National Federation of […]
Colombia exports sugar mangoes from Magdalena to the US for the first time.
For the first time, Colombia exported mango sugar produced in Magdalena to the US market. This in the context of a negotiation concluded by the Colfrutta company for the export of 6,000 kilos of fresh fruit. The shipment is made to Dallas, Texas, from where it will also reach various destinations in the North American […]
How to get more companies to export to diversify?
Under the more than 10 thousand exporting companies registered only in the country 400 concentrate 90% of total foreign sales, according to data from the National Association of Foreign Trade (Analdex). Read also: Oil drilling fell 19% in 6 months: Campetrol The CEO of Analdex, Javier Diaz Molinapoints out that the process of export diversification, […]
Cannabis for medicinal use encounters export barriers: Analdex
“Factors like geographic position, variety of thermal floors, tropical location, low harvest costs and optimal growing conditions make cannabis for Colombian medicinal use possible be very prominent in the world. However, there needs to be greater speed and willingness from the government for medical cannabis to become a relevant player in the quest to diversify […]
“Total ban on exports to Russia”: but EU says no to US request
Brussels and the leading EU countries are ready to reject the US proposal to completely ban exports to Russia at the G7 table. the so-called idea export ban in circulation lately american presscited a draft of sanctions that “G7 officials allegedly discussed in light of the May summit”. The reference is the meeting scheduled for […]