Colombia achieves three companies in BID's multilatinas ranking, but Brazil and Mexico continue to dominate
Colombia managed to position three companies among the 50 multilatinas with the highest sales in the region, according to a report by the Inter-American Development Bank (IDB)...
TL;DR
- Three Colombian companies, Ecopetrol, Almacenes Éxito, and Grupo Nutresa, are among the top 50 multilatinas by sales in Latin America.
- Ecopetrol ranks sixth overall, with US$36.885 billion in sales in 2023 and operations in four countries.
- Almacenes Éxito is at position 44, and Grupo Nutresa is at position 47, with diversified international operations.
- Brazilian companies dominate the top positions, with Petrobras, Grupo JBS, and Cosan-Raízen leading the ranking.
- Over 85% of identified multilatinas are concentrated in five countries: Brazil, Mexico, Chile, Argentina, and Colombia.
- Multilatinas undertook over 320 greenfield investment projects annually between 2013 and 2023, exceeding US$14 billion and creating 43,000 jobs each year.
- The report recommends stable regulatory environments, competitive financing, and public-private partnerships to strengthen business internationalization.