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Colombia: Refrigerated Containers Drive Foreign Trade

Maritime Activity Reports, Inc.

November 17, 2016

 Maersk Line just published its Colombia trade report for the third quarter of 2016.

 
Total reefer share of Colombia's exports increased to 21% in Q3 2016 - up from 12% in 2015 - with pineapple and banana the strongest performing products.
 
“As well as boosting foreign trade in containers, the transformation in technology and the innovation it represents, is generating a diversification in Colombian exports in terms of target markets. Despite that Colombian exports fell 12% to Asia and 9% to Latin America, the rise in sales to Europe is compensating the drop in this markets’ demand and is settling Colombia´s trade balance”, says Juan Camilo Vásquez, Colombia Sales Manager for Maersk Line.
 
In Q3 2016 reefer cargo increased to a 21% share of Colombia’s total foreign trade in containers, up from 12% in 2015. Pineapple and banana were the strongest performing products behind the trend.
 
Reefer exports to Europe grew by 64% in the third quarter as Belgium, United Kingdom and Germany led the purchase of Colombian products such as banana and avocadoes.
 
Colombia’s reefer export growth offset a 12% drop in overall Chinese demand and a similar 9% fall in Latin America, settling Colombia’s trade balance to keep it on track towards a 3% growth in containerized trade (imports + exports) for 2016. 
 

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