COLOMBIA - Colombian modular board furniture exports from the main manufacturers reached USD 3,197,130 in the 1Q-2016, representing a 16.8% increase compared to 1Q-2015.

The main exporting companies were Moduart and RTA Design with increases in its exports, of 50.2% and 68.9% respectively against the same period 2015.

Moduart, with production plant in the port city of Barranquilla, lead with a 46.5% share of total exports of the period. Followed by RTA Design, located in Yumbo, a city of the department of Valle del Cauca, with 44.9% share of 1Q-2016.

Chile consolidated as the main export market with an impressive growth of 115.7% reaching USD 1,389,562 and a 43.5% share of exports and improvement of 20 percentage points (1Q-15: 23.5%).

Exports to Ecuador, that in the 1Q-2015 was the second most import market for Colombian modular furniture exports with USD 611,485 and a 22.3% share of total exports, suffered a dramatic drop of more than 85% to USD 89,861 in the 1Q-2016. This drop was mainly due to protectionist measures adopted by Ecuadorian authorities during the last year and overall economic slowdown in the country.

Colombia Modular Board Furniture Exports by Company

January – March. USD-FOB