Colombia: Retail Foods
Link to report:
Colombia is the main market for U.S. consumer-oriented products in South America. In 2022, U.S. consumer-oriented exports to Colombia reached a record $877 million. Although the Colombian retail sector continued its positive performance in 2022 due to growing household consumption, the sector’s future growth is uncertain due to increasing inflation and interest rates. Post expects that Colombian consumer expenditures will decline, affecting economic performance.
