Latin America has 21 countries with almost 600 million people predicted to reach 800 million by 2050. The Middle class grew by 50% over the past decade and is one third of the population.

Priority markets for Queensland are

  • Chile,
  • Colombi
  • and Peru.

Trade

The priority markets have broad trade growth potential to provide the best opportunity for Queensland companies in

  • mining,
  • food and agribusiness,
  • infrastructure
  • and education and training.

The tropical conditions for Latin America make it a natural partner to collaborate with Queensland across several sectors.

The commonalities shared between Latin America and Queensland in agribusiness have potential to expand biofuel production, without diverting land from growing food.

CG/LA Infrastructure reported that there are 100 infrastructure projects in LATAM valued at US$138.7 billion.

Majority of the projects are located in Brazil (valued at $48 billion) and Chile (valued at $20 billion).

The projects include:

  • airports,
  • electricity generations and transmissions,
  • information communication and technology,
  • oil and gas,
  • port and logistics,
  • rail, highways and bridges,
  •  urban mass transit,
  • water and wastewater.

Estaiada Bridge in Sao Paulo, Brazil

Latin America opportunities

CurrentMid termLong term

Current

  • Mines – technology and services
  • Agribusiness – technology and services
  • Services – water management and consultancy for drought &
    climate change
  • Infrastructure – design, master planning
  • Training – English language and industry training
  • VET training

Mid term

  • Energy production
  • Higher education
  • Knowledge industries
  • Financial services
  • Environmental services
  • LNG
  • Biofuels
  • Land rehabilitation
  • Community engagement

Long term

  • Airport development – tourism
  • Construction
  • Innovative technology
  • Legal services
  • Remote medicine
  • Renewable energies
  • Sustainable development

Sector opportunities in Latin America

Infographic of US$8.9 Billion invested for mine development

Mining

Pipeline of mining investment across targeted Latin American markets is in the billions.

Common issues include

  • suitable infrastructure,
  • water scarcity,
  • high energy & operational costs,
  • sustainability
  • and safety.

Companies with advanced technology and services with solutions should consider Latin America.

US8.9 Billion has been invested for mine development in Latin America.

Infographic of 28% potential new arable land

Food & agribusiness

Latin America is home to vast arable land and well placed to further scale up agricultural production and trade with appropriate infrastructure, regulations and water management.

There are opportunities for companies offering solutions for

  • efficient use of water and other resources,
  • and sustainable growth of agricultural and food production.

Latin America has 28% of potential new arable land.

Infographic of increased investment in training

Education & training

There is a strong demand for Latin American companies and governments to provide industry with a highly-trained workforce.

Latin America is looking for innovative and efficient techniques to bridge the skills gaps to increase productivity levels, safety standards and the efficiency.

Relevant library resources Complete library

Latin America Market Overview

Latin America Market Overview

September 30, 2016

Export market overview and commissioner profile in Latin America

View this resource

Commissioner’s intel: How to take your business to Latin America

View the videos below, and hear from TIQ’s Trade and Investment Commissioners as they speak of the opportunities in Latin America.

Alex Pessagno: Business trends in Latin America: Emerging opportunities in the market

Alex Pessagno: Practical tips: Hands on advice for doing business in Latin America

Alex Pessagno: Doing business with Latin America? Learn how TIQ can assist

Alex Pessagno: opportunities in food & agribusiness sector

Alex Pessagno: opportunities in education & training sector

Alex Pessagno: opportunities in urban infrastructure sector

Alex Pessagno: opportunities in mining & resources sector

Alex Pessagno: A Queensland mining & resources success story in Latin America

Alex Pessagno: Tips for entering the Latin America market