Colombia, officially the Republic of Colombia, is a country in South America with territories in North America. It is bounded on the north by the Caribbean Sea, the northwest by Panama, the south by Ecuador and Peru, the east by Venezuela, the southeast by Brazil, and the west by the Pacific Ocean.
In 2019 Colombia had a Gross Domestic Product (GDP) of 323.6 billion USD and was projected to rise by 3.75 % in 2022.
Here are the shares of the economic sectors in the GDP of Colombia as of 2019
The major trading partners of the country are:
Colombia is well equipped with minerals and energy resources such as copper, small amounts of iron ore, bauxite, salt, limestone, sulfur, gypsum, dolomite, barite, feldspar, clay, magnetite, mica, talcum, and marble. Colombia also produces most of the world's emeralds.
Currently, the mining sector makes 2.4% of Colombia’s GDP. 80% of the mining territory is unexplored, providing more significant opportunities for investments. <./p>
Colombia’s mining sector is expected to recover 15% in 2021, followed by more excellent coal production, gold and nickel, and direct foreign investment, which is expected to almost triple to $2.7 billion.
Due to a lack of development projects, many large mining projects are interested in financing and operating in the next few years. As a result, there will be an increase in the market size and new opportunities.
To also invest and benefit from the opportunities, consider Camamach; it brings you the best mining and mineral processing equipment at low rates.
The construction industry in Colombia is forecasted to reach a value of 24.8 billion U.S. dollars in 2021. The increasing importance of the construction industry will encourage investors to continue the development through projects and programs.
The government intends to focus on building rather than the selling of houses to reactivate the economy. Other infrastructural projects such as roads, rail, rivers, and airports are seeking investment.
Camamach has stocked the highest quality construction equipment for you at competitive rates to cash in on the development projects.
Colombia shares a border with the Pacific Ocean. The main seaports of the country are:
Camamach uses the port Said for Cartagena.
The government spent $5.8 billion on machinery and equipment imports. Mining and construction have major impact on the economy. Some imports for these industries include Bulldozers, Heavy Duty Trucks, Concrete Batching Plants, Backhoe Loaders, Grinding Equipment, etc.
Import licenses issued by the Ministry of Commerce are published automatically. However, some products need pre-approval before the Ministry of Commerce issues an import permit.
The import documentation for shipments include:
Camamach has been exporting equipment in Colombia for years. Feel free to contact us at sa[email protected] or WhatsApp us at +86-131-2037-9271 for a FREE quotation. We also ship worldwide; for other countries, check out our experience here.