According to the latest Corficolombiana report ‘The Colombian Agro Export Boom: Opportunities and Challenges’, foreign trade in the agricultural sector is at record highsboth in dollars and in amounts.
(Read: Cotton production increases 123% in the country).
The farm was of the few sectors that maintained an expansion between 2020 and 2021, a period in which the country’s economy was going through a difficult time. According to the document, they are at their maximum since there is a record (2015).
Foreign sales in millions of dollars FOB have grown steadily since 2015, and they will accumulate at the end of this year a growth of 50% compared to that period, even in a conservative scenario for the remaining months.
The dynamism of the sector has been driven by agricultural crop production and the livestock subsectorThis is why, since 2015, the amounts exported are currently close to 6 million tons.
(See: Coffee: with a good balance, despite the drop in its production).
In addition, 84% of the growth in the amounts exported between 2015 and 2022 was due to a increase in quantitiesand the remaining 16% corresponds to higher prices paid.
Likewise, it estimates that 10 agricultural products, among which is coffee (32%), rice (1%), palm oil (14%), flowers (17%), among others, they participate with 84% of the planted area of the country and, together with beef, they are 92% of agricultural exports.
In addition, the current state of the sector is reflected given international events and the weather. “The main products of the recent export boom are being affected by high production costs and also face a challenging outlook”, assures the document.
Diana K. Rodriguez T.
