Opportunities for investment

Automotive industry

Colombia is Latin America's fourth largest motor vehicle assembler employing 2.6% of its manufacturing industry's workforce. National Association of Colombian Industrialists (Asociación Nacional de Empresarios de Colombia, Andi), 2012.
The automotive sector accounted for 4% of the country's total industrial production. Andi, 2012.
Colombia has around 4 million vehicles of which 60% are imported. Colombian Association of Auto Part Manufacturers (Asociación Colombiana de Fabricantes de Autopartes, Acolfa), 2012.
In 2011 Colombia reached record sales in excess of 324,000 units sold. Andi, 2012.
Top assemblers such as Renault, General Motors, Mazda, Toyota-Hino and Busscar have an established presence in Colombia.

Skilled labour: More than 23,000 technicians and professionals graduated between 2001 and 2011. Employment Beacon (Observatorio Laboral), 2012.
In 2011 vehicle production in Colombia grew by 21.8%. Acolfa, 2012.
For 2012 sales are expected to reach close to 330,000 units. The Colombian Committee of the Automotive Industry (Comité de la Industria Automotriz Colombiana, Econometría), 2012.
In 2011 Colombian vehicle exports reached US$ 286 million. The National Administrative Department of Statistics (Departamento Administrativo Nacional de Estadística, Dane), 2012.
Unification of the mass transportation system in the principal cities resulting in an increase in the purchase of new vehicles.
In Colombia 75% of all freight is sent by road, therefore requiring frequent replacement of fleets.

A 220% growth in auto part exports over the last 8 years. Dane, 2012.
In 2011 sales to local auto part manufacturers amounted to some US$ 700 million. Colombian Association of Auto Part Manufacturers (Asociación Colombiana de Fabricantes de Autopartes, Acolfa), 2012.
The high demand from assemblers and the spare parts market led to a 39% increase in auto part imports. Acolfa, 2012.
In 2011 Colombian vehicle exports reached US$ 286 million. The National Administrative Department of Statistics (Departamento Administrativo Nacional de Estadística, Dane), 2012.
National and foreign companies are certified in accordance with the highest international standards.
Human capital development: Management development programmes are in place for competitiveness and innovation in the Auto Parts sector at: The Colombian Association of Auto Part Manufacturers (Asociación Colombiana de Fabricantes de Autopartes, ACOLFA) – The National Learning Service (Servicio Nacional de Aprendizaje, SENA) – The National School of Business Administration (Escuela de Administración de Negocios, EAN).

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