Key Market Indicators
Colombian Aerospace Export is projected to climb to nearly $112 million by 2028, up from approximately $108 million in 2023. This represents an average annual growth rate of 0.5%. Since 1996, the country's aerospace supply has seen an impressive year-on-year increase of about 21%. In the 2023 rankings, Colombia held the 27th position, with Latvia slightly ahead at $108 million. France, Germany, and Singapore took the second, third, and fourth spots, respectively. On the import side, Colombia's aerospace sector is expected to reach around $1.6 billion by 2028, a rise from $1.4 billion in 2023, marking an average annual growth rate of 1.6%. From 1996 onwards, Colombian demand for aerospace imports has grown by 2% annually. The country was ranked 14th in 2023, just behind New Zealand at $1.4 billion. Singapore, Ireland, and Canada secured the second, third, and fourth positions in this category.
