Colombia left international business forecast at $25.5 million

With the conclusion of three days of Colombiamoda + Columbiatics, in Medellin, the textile, hotel and cosmetic sector witnessed a version of economic recovery. According to the Medellin Tourism Observatory, the influx of visitors to the event was about 12 million US dollars. Nearly 500,000 visitors gathered at the fair.

The protagonist of this version was sustainability from the environmental, social and cultural spheres. In terms of trade, 300 companies from 21 countries made spot purchases worth US$7.5 million. The United States, Mexico and Panama were the countries with the largest number of acquisitions.

“This confirms that Colombia continues to position itself as a reliable supplier and goes hand in hand with the good export momentum in the sector, which grew by 25.6% between January and May 2022, compared to the same period in 2021, reaching $432., 7 million,” noted Flavia Santoro, President of ProColombia.

With the shutdown, the short-term business forecast has reached $25.5 million. This gives the country an opportunity to grow in exports of textiles, footwear, leather goods and supplies, which are expected to reach US$33 million. Antioquia, Bogota, Valle del Cauca, Atlantico, Cundinamarca, Santander and Risaralda were the most exporting departments.

Buyers highlighted the quality and designs of the garments. Marc Privo, owner and creative director of Canadian company Soren Custom, located in Toronto, confirmed, “I came looking for men’s clothing and saw interesting clothing. Now, we have four Colombian suppliers and plan to add six more. I plan to invest about $100,000 this time around.” Our idea is to have good quality, comfortable clothing, so our customers can use them in remote workplaces or on different occasions.”

In total, Colombiamoda + Colombiatex received 11,300 buyers from 47 countries, of whom 9,900 were domestic buyers and 1,400 were international buyers. While the 2500th generation was in the assembly, logistics, production, transportation services and other activities associated with holding business fair events.