The country’s exports come with a downward trend Since December 2022, as the numbers have shown. However, on this occasion and in a special way, the Free zone overseas sales showed a 1.6% year-on-year advance in May 2023.
(See: Shipping Cost, Difficulty for Exporters from Free Zones).
according to National Administrative Statistics Service (Danish)The total exports amounted to 351.4 million US dollars in May, compared to 346.1 million US dollars in the same month of 2022. This behavior has been explained by the release to the rest of the world of goods that have been processed or diverted by an industrial user of the free zones.
According to the report, for the same month, the International sales of permanent private free zones (Zfpe) decreased by 12.7%. This had a negative contribution of 8 percentage points (pp) to the total export variance.
However, sales abroad from permanent free trade zones (ZFPs) posted a 26% increase, contributing positively by 9.6 percentage points to the overall result.
It should be noted that, according to Dane LThe free zones that contributed positively to the May result were Parque Central with a 3 page contribution, followed by Barranquilla with 1.9 points and Rionegro with 1.7 points.
(See: Trade in Free Zones Declined in April).
In the same vein, but on a negative note, the lowest contributions were from the Free Zones of Cencauca (Caluto Industrial Park) with -0.5 pp, followed by Candelaria with -0.3 pp and Gachancipá (Zofrdina) with -0.3 pp.
According to the report, The United States led exports in May, as measured by countries of destination, with a growth of 36% and a contribution of 11 percentage points to the overall variance.
Puerto Rico followed, with a sales increase of 68.9% and a contribution of 6.8 pages
On the other hand, declines were evident in Panama with a variation of -91% and a negative contribution of -7.9 percentage points, while in the Netherlands this type of trade decreased by 68.8% with a negative contribution of -15.5 percentage points.
It should be noted that in the period from January to May, the foreign trade of goods in the free zones showed an increase of 29.1%, with total invoices of $1.5 million, compared to $1.1 million recorded in the same period of the previous year.
(See: The Ministry of Communications and Information Technology has approved free zones that will boost investment and employment).
Looking at the goods that entered the country, it recorded a decrease of 27.1%, increasing from $256 million in May 2022 to $186.5 million in the same month of 2023.
This behavior in imports has been explained by ZFP (-28.9%) which contributed negative 13.9 percentage points and ZFPE (-25.5%) which had negative 13.3 percentage points of overall variance (-27.1%).
On the other hand, it isThe Statistical Office revealed that the trade balance of the free zones in the country recorded a surplus of $174.1 million for the fifth month of the year. Compared to $107.7 million in the same month of 2022.
At the year-to-date level, the balance showed a surplus of $721.5 million, compared to $227.5 million in the same period in 2022.
(See: Dialogues Stepping Up to Change the Rules of the Game in Free Zones).
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