Where do New Hampshire Businesses Fit in?

Colombia is looking to improve their infrastructure and is in need of business that could help their development

  • Sectors that would do well include:
    • Aerospace and Defense & Safety and Security
    • Education
    • Energy, Environment, and Sustainability
    • Food Processing Equipment
    • Information Technology
    • Infrastructure and Construction
    • Medical Equipment
    • Processed Food and Beverages
    • Travel and Tourism

New Hampshire businesses have the ability to meet the needs of many of the abovementioned sectors

Aerospace and Defense & Safety and Security

Specific commodities that are in demand in the Colombian market within this sector are:

  • Safety & security items
  • Defense services
  • Air navigational and port security aids

Education

  • Over 7,000 Colombian students study abroad in the United States annually
  • More and more students come to the United States each year
  • These students mostly seek undergraduate and graduate degrees in the fields of business administration, management, finance, banking, marketing, and engineering

Energy, Environment, and Sustainability

Specific commodities that are in demand in the Colombian market within this sector are:

  • Electric power generation
  • Oil and gas exploration
  • Water treatment
  • Water supply
  • Pollution control equipment

Food Processing Equipment

Based on market data and growing demand, and taking into consideration the following recap of market entry of machinery, processing equipment and raw material to supply local food and beverage production, the following sectors are considered the most attractive for U.S. exporters:

Market Size Market Demand(% growth) Number of Buyers(# of companies) Benefit from FTA
Dairy High ; US$2.6B Low ; < 5% High ( > 75 buyers) Machinery + Raw
CSD& Juices High ; US$2.2B High ; > 10% Low ( < 25 buyers) Machinery
Animal Foods High; US$2.6B Low ; < 5% Med ( > 25 buyers) Machinery + Raw
Oils & Fats Med ; US$1.6B Med; > 5% Med ( > 25 buyers) Machinery
Sugar Mills High ; US$2.2B Low ; < 5% Low ( < 25 buyers) Machinery
Chocolate Med ; US$1.6B Low ; < 5% Med ( > 25 buyers) Machinery + Raw

Information Technology

Specific commodities that are in demand in the Colombian market within this sector are:

  • Cloud Computing and Virtualization
  • Applications Software
  • Hardware Upgrading of equipment compatible/ enabled for cloud services and computing and mobile devices, particularly for 4G/LTE services
  • Mobile Applications

Infrastructure and Construction

Specific commodities that are in demand in the Colombian market within this sector are:

  • Public works
  • Subcontracting
  • Construction equipment for public roads and airports
  • Railway construction
  • Logistics
  • Transportation equipment
  • Mass transit systems

Medical Equipment

Best prospects for U.S. medical equipment manufacturers include:

  • Medical, surgical, dental and veterinary instruments
  • Electro-diagnostic apparatus
  • Orthopedics devices
  • Prosthetic devices
  • Diagnostic imaging equipment
  • Laboratory equipment and consumables
  • Ultrasound, mammography and cardiovascular equipment.
  • Dermatological and laser treatment apparatus and apparel
    • (boosted by medical tourism and expanding plastic surgery demand)
  • Intensive care, cardiology, neurology and oncology related equipment

Processed Food and Beverages

The following consumer-orientated product categories represent the major export opportunities, and emerging opportunities, for U.S. food products with zero duties entering Colombia:

  • Pastry and dessert mixes
  • Spices
  • Condiments (except mayonnaise)
  • Frozen vegetables
  • Premium beef cuts
  • Processed turkey
  • Beer
  • Wine
  • Nuts

Travel and Tourism

Specific services that are in demand in the Colombian market within this sector are:

  • Air Transportation Services
  • Hotels, Motels, Lodging facilities
  • Passenger Car Rental
  • Dining in Restaurants
  • Sightseeing tours
  • Amusement (theme parks, natural parks)
  • Shopping
  • Special interest (sports, arts, entertainment)
  • Beaches
  • Cruises
  • Health insurance cards