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In 2021, despite advantages offered through the United States-Colombia Trade Promotion Agreement (TPA), U.S. rice exports to Colombia have declined to just $5 million through July. The significantly lower exports to this market are a result of a larger Colombian crop and lower domestic prices, plus increased competition from South American exporters.
Latin America accounts for about 25 percent of global corn imports . The region’s corn demand for imported corn has grown steadily over the years supported by expansion in the livestock sector...
Taiwan is an important trading partner and offers many opportunities for sales of U.S. food and agricultural products.
The United States continues to be the main sourcing option for Colombian importers of corn and rice.
Column chart comparing the change in value of U.S. agricultural exports before and after key trade agreements.
Opportunities for U.S. agricultural products abound in Colombia after implementation of the U.S.-Colombia Trade Promotion Agreement (CTPA).
The United States is the main sourcing option for Colombian importers of corn and rice.
Line graphic illustrating the effects of the U.S. - Colombia free trade agreement which went into effect in 2012.
Infographic showing U.S. agricultural exports to Colombia in 2016. Total U.S. agricultural exports reached $2.4 billion.
Graphic illustrating the growth of U.S. agricultural exports in response to trade agreements over the past 70 years.
U.S. agricultural exports to South America nearly doubled in the past four years, reaching a record of more than $8 billion in calendar year 2014.
This report analyzes the reasons behind the recent drop in participation of Colombian banks in the GSM-102 program.