We all care !: Colombia still in diapers in foreign trade
he national economy is lagging behind in its process of globalization, it has been exporting the same raw materials for more than 40 years and, despite the FTAs, selling abroad is still expensive and delayed.
In 1951, Colombia was responsible for 0.77% of the world’s exports and 7.5% of those of Latin America, today it accounts for 0.19% and 3.5%, respectively. Silver ensures that these figures do not indicate that the country has not advanced in its process of insertion into global trade, but that other countries have done so faster and more efficiently
The lag is also evident in the country’s openness coefficient (which measures the percentage of its foreign trade activities over GDP), where Colombia ranks 126 out of 128 nations, which is very little for the size of the national economy . To this is added that while on average in the OECD countries 12 hours are required to be able to export, in Colombia they are 112 hours. Likewise, the average cost of exporting in the so-called club of the rich countries, which recently entered Colombia, is US $ 150, in Latin America it is US $ 527 and here US $ 545.