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Colombia buoyed by U.S. as China sales slow

Friday, September 19, 2014

Exports of flowers to the U.S. and fuels to India are buffering Colombia from a slowdown in Chinese growth that is hurting the Andean country’s neighbors.

Colombia’s $380 billion economy expanded 4.3 percent in the second quarter from a year earlier, more than twice the pace of neighbors Chile and Peru, whose economies have been undercut by falling metals prices amid cooling demand from China.

China is the largest export market for Chile, Peru and Brazil, while Colombia ships more than twice as much to the U.S. as it does to the world’s second-biggest economy.

Source: Businessweek