Brazil is Colombia’s fourth most important trading partner, behind only the United States, China, and Mexico, with a market share of 5.7% in its neighbor’s market, with enough potential to further expand sales, as indicated by Brazil’s Export and Investment Promotion Agency (ApexBrasil). According to data from Brazil’s foreign trade department Secex, from January to October this year, Brazilian exports to Colombia grew 54.8%, compared to the same period in 2021 and totaled US$ 4.179 billion. Conversely, Colombian sales to Brazil reached US$ 2.072 billion (up 32.2%). The trade flow (exports+imports) reached up to US$ 6.250 billion, up 46.5% from the first ten months of last year. With these numbers, the bilateral exchange between the two countries gave Brazil a gain of US$ 2.107 billion.
Source: Comex do Brasil/Datamar News