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Colombia

EDC Position-open all programs

EDC's Position

  • Key EDC Market
  • Actively pursuing business
  • Open under all programs, subject to regular approval criteria

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Country At A Glance

Flag of Colombia
Map of Colombia

Country Facts

Nominal GDP377.87 Billion USD
Population48.93 Million
Total Trade/GDP37.53%
CurrencyColombian Peso (COP)
Merchandise Imports from Canada935.63 Million CAD
Canadian direct investment2,228 Million CAD
Main importsIntermediate, Capital & Consumer Goods

EDC in Colombia

Canadian companies assisted224
International buyers insured543
Business volume659.89 Million CAD

Business Environment

Growing investor and exporter interest in Colombia is being driven by a favorable combination of business friendly policies, economic and political stability, successful government-led security strategy, and a diversified economy with a large domestic market. The Canada-Colombia Free Trade Agreement (FTA) has helped to solidify Canada's established and rising trade and investment relationship with Colombia. Moreover, Colombia has undertaken an aggressive program to increase its oil and gas reserve base, a sector where Canada is a major investor and recognized supplier of goods and services. Similarly, the government is implementing an ambitious infrastructure program. Canadian exporters and investors are well positioned to benefit from the country’s growing business opportunities across all sectors.

Key Industries

  • Construction & Infrastructure
  • Environmental Infrastructure & Waste Water
  • Mining & Metals
  • Oil and Gas
  • Power

How we can support your business

Through our representation in Bogotá, Colombia, we provide on-the-ground support to Canadian companies planning on or currently doing business in Colombia. Our regional representatives have developed strategic relationships with major buyers in key sectors as well as an extensive network of local contacts in the market.

  • We are well positioned to help Canadian companies finance and manage credit risk associated with sales to buyers, and to support Canadian investment in the country.
  • Learn more about our service offering.
 

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