Colombia - June 2019
Since CTPA entered into force in 2012, U.S. farm and food exports to Colombia have more than doubled, reaching a record $2.9 billion in 2018. Most notably, increased feed demand for the country’s expanding pork and poultry industries, along with favorable tariffs under CTPA, have led to rapid growth of U.S. corn and soybean exports to the market. Since 2012:
- U.S. corn exports have surged, increasing more than tenfold and making Colombia the fourth-largest market for U.S. corn exports.
- U.S. soybean and soybean meal exports have also soared, reaching a six-fold increase.
- Exports of U.S. consumer-oriented goods (including pork, poultry, pet food, tree nuts and beef) have also significantly increased, driven by demand from an expanding middle class.