Tax: up to 19%
Duties: up to 15%
Restricted items: Second-hand goods
Non-working days: Saturday, Sunday, and Public Holidays
Lead times: 4-5 weeks
Best Carrier option: Freight Forwarder or Courier
Prominent Languages: Spanish
The Complexities Of Importing into Colombia
Despite boasting one of the largest economies in Latin America, Colombia’s IT sector has seen a deceleration in growth since 2019. However, despite ongoing government efforts to improve access to IT and telecommunications services for Colombians and a push towards digitalization across all sectors, the market value has depreciated from 6.82 million USD in 2019 to an estimated 6.61 million USD in 2021. This decline is primarily due to the depreciation of the Colombian Peso and the generalized effects of Covid-19 on the economy. This does, however, present an opportunity for companies outside of Colombia to offer products and services required by the Colombian market to advance.
That being said, Colombia is a reasonably complex country to import into. Despite having free trade with the USA, several compliance requirements are needed, which have extended lead times. Colombia also has restrictions on second-hand goods and shipments that may be affected by the US-China trade wars.
How TecEx Can Help You Import into Colombia
TecEx provides an effective solution for shipping into Colombia. Our established processes ensure that you receive the best possible outcome by taking advantage of free trade zones. By offering a complete DDP package, TecEx will handle the entire process. This includes sourcing of compliance documentation, pre-compliance checks, and freight facilitation from pick-up to final delivery. TecEx also offers full comprehensive liability cover to ensure your goods are covered 100% of the way.
Click here to learn more about what to expect when shipping into South America.
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