Report shows opportunities for US ag products in Colombia
Report shows opportunities for US ag products in Colombia Fresh Fruit Portal
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A new report from the USDA shows huge potential for the United States in Colombia
A new report from the USDA shows huge potential for the United States in Colombia, as the country positions itself as the main Latin American importer of U.S. agricultural products.
Background
- Since 2012, when the U.S.-Colombia Trade Promotion Agreement was implemented, U.S. agricultural exports have grown by more than 235 percent to a record $3.7 billion in 2023.
- The agreement provides duty-free access to the Colombian market for more than half of U.S. food and beverage exports, including most processed products.
Opportunities for U.S. exporters
- Colombian incomes are rising and retail outlets are expanding, creating opportunities for U.S. exporters.
- As macroeconomic conditions improve in Colombia, consumers should enjoy more purchasing power.
- Formal retailers now account for 60% of food distribution in Bogota.
- A proliferation of supermarkets and mid-sized grocery stores offers a variety of fresh and processed foods, and a streamlined shopping experience.
- U.S. exporters have a high potential to provide low-sugar and sodium ingredients to Colombia’s food processing industry, which accounts for 27% of the country’s manufacturing sector by value.
Recommendations for U.S. exporters
- Ensure products align with current Colombian regulations for straightforward entry.
- Products low in sugar and unhealthy fats will fare favorably in the Colombian market.
- On-the-go options that accommodate Colombia’s active, metropolitan consumers are also in demand.
- U.S. businesses are recommended to travel to Colombia to participate in trade shows, forge ties with importers, and collect industry-specific intelligence on product distribution.
Additional resources
- For additional information, refer to USDA’s most recent Exporter Guide and FAIRS Report.
Related articles:
- Goldenberry Farms envisions Colombia as a hub of organic, tropical fruits
- USDA accepting applications for August trade mission to Colombia
SDGs, Targets, and Indicators
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 2: Zero Hunger
- SDG 8: Decent Work and Economic Growth
- SDG 12: Responsible Consumption and Production
2. What specific targets under those SDGs can be identified based on the article’s content?
- SDG 2.3: By 2030, double the agricultural productivity and incomes of small-scale food producers, in particular women, indigenous peoples, family farmers, pastoralists, and fishers, including through secure and equal access to land, other productive resources and inputs, knowledge, financial services, markets, and opportunities for value addition and non-farm employment.
- SDG 8.3: Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity, and innovation, and encourage the formalization and growth of micro-, small- and medium-sized enterprises, including through access to financial services.
- SDG 12.2: By 2030, achieve the sustainable management and efficient use of natural resources.
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
- Increased U.S. agricultural exports to Colombia since the implementation of the U.S.-Colombia Trade Promotion Agreement in 2012.
- Growth of Colombian incomes and expansion of retail outlets.
- Increase in the market share of formal retailers in food distribution in Colombia.
- Increase in the variety of fresh and processed foods available in supermarkets and mid-sized grocery stores.
- Opportunity for U.S. exporters to provide low-sugar and sodium ingredients to Colombia’s food processing industry.
- Recommendation for U.S. businesses to participate in trade shows and forge ties with importers in Colombia.
SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 2: Zero Hunger | SDG 2.3: By 2030, double the agricultural productivity and incomes of small-scale food producers, in particular women, indigenous peoples, family farmers, pastoralists, and fishers, including through secure and equal access to land, other productive resources and inputs, knowledge, financial services, markets, and opportunities for value addition and non-farm employment. | – Increased U.S. agricultural exports to Colombia since the implementation of the U.S.-Colombia Trade Promotion Agreement in 2012. – Growth of Colombian incomes and expansion of retail outlets. |
| SDG 8: Decent Work and Economic Growth | SDG 8.3: Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity, and innovation, and encourage the formalization and growth of micro-, small- and medium-sized enterprises, including through access to financial services. | – Increased U.S. agricultural exports to Colombia since the implementation of the U.S.-Colombia Trade Promotion Agreement in 2012. – Growth of Colombian incomes and expansion of retail outlets. – Increase in the market share of formal retailers in food distribution in Colombia. – Increase in the variety of fresh and processed foods available in supermarkets and mid-sized grocery stores. |
| SDG 12: Responsible Consumption and Production | SDG 12.2: By 2030, achieve the sustainable management and efficient use of natural resources. | – Opportunity for U.S. exporters to provide low-sugar and sodium ingredients to Colombia’s food processing industry. – Recommendation for U.S. businesses to participate in trade shows and forge ties with importers in Colombia. |
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Source: freshfruitportal.com
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