Colombia: third growing exporter in the region – Sectors – Economy
In a 2022 marked by the conflict in Ukraine, high inflation, lower growth and the persistence of the covid-19 pandemic, world trade suffered a sharp slowdown, which also impacted the region's terms of trade.In total, 25 of the 33 countries in Latin America and the Caribbean suffered a negative shock in their terms of trade; that is to say, The price of the products that they import increased more than that of those that exported. The only countries that had a positive impact are net fuel exporters like Colombia.(Also read: How much does Colombia lose if trade relations with Guatemala…
