LATAM’s exports are on the rise
News from May 11 to 24, 2023
Latin America’s agro-food and automotive industries have been showing positive figures in their exports. Here are some examples of their performance:
Colombian flowers prevail in the United States
Colombia is positioned as the world’s leading exporter of carnations and bouquets; of the total shipments, 85% go to the United States.
The country exports about 300,000 tons of flowers annually, mainly roses, carnations, chrysanthemums, hydrangeas, and alstroemerias, some of the most demanded international varieties. So this year, shipments to the United States are expected to exceed last year’s 50,000 tons (+10%).
In general, Colombian flowers are not only recognized worldwide for their quality, durability, and beauty. Importers, distributors, and consumers also value this sector’s contributions to the country in terms of employment generation, development of rural communities, and preservation of the environment, among other aspects.
Mexico led exports of tractor-trailers
Last year, the value of Mexican shipments of road tractors for semi-trailers (tractor-trailers) surpassed its prepayment level and reached $11,792 MDD. Mexico led exports with sales of US $10,792 million.
Nations that followed in this ranking were: The Netherlands (US $6,384 million), Germany (US $4,129 million), Belgium (US $3,034 million), and France (US $2,625 million).
Globally, Mexico is the sixth largest producer of heavy goods vehicles, hosting 14 manufacturers and assemblers of buses, trucks, tractors, and engines. These producers maintain 11 manufacturing plants that generate more than 24,000 jobs.
Mexico is the world’s leading exporter of tractor-trailers, 95.1% of which are shipped to the United States. It is also the world’s fourth-largest exporter of heavy goods vehicles and the second-largest export market for medium and heavy-duty trucks.
Peruvian citrus shipments forecast to increase
Although the Peruvian mandarin season began late this year due to high temperatures, it will likely export large volumes.
On the other hand, although shipments of other citrus fruits have decreased, others have presented increases. Such is the case of what happened in the 18th week of this year when the clementine mandarins went from 913 tons dispatched to 1,115 tons, and the limes climbed from 14,000 tons to 18,000 tons.
The president of the Association of Citrus Producers of Peru (Procitrus), César Peschiera, said that the projection is that at the end of this year, 2023 will achieve a growth of 4% in citrus exports compared to 2022, with the forecast to reach 275,000 tons.
Chile increased its pork exports
International trade figures indicate a rebound in Chile’s pig exports compared to the previous year and a moderate growth in imports.
At the close of the first quarter of 2023, Chilean pork exports totaled 77,487 tons (t), a volume that represented a 43% increase compared to the same period in 2022 and was represented by US $201.7 FOB million. And, specifically in March, shipments were registered 26,801 t (+31.7% over the previous year).
As for imports, they reached 27,442 t in the first quarter, representing an increase of 29.6% over the same period in 2022 and a US $76.5 CIF million value.
Quick Guide to Exporting from LATAM to Asia
Exporting to Asia is a valuable strategy for those who market merchandise internationally, as it is the continent with the largest economy in the world. While it is an attractive region, the big question is: how to do it?
Some tips:
- Establish a connection and link to provide confidence as an exporter.
- Be willing to adapt products to market requirements.
- Carry out a study on the requirements or formalities required for certification and documentation to the Asian country to be exported.
- Find an ally to help in the process.
- Rely on business facilitators such as chambers of commerce in each country to provide the necessary knowledge and help with linkage.
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