10 Risks of Illicit Trade in Latin America (2026)
- Analista Strategos BIP

- Mar 18
- 1 min read
The Year of Smuggling as a Geopolitical Effect

In 2026, Latin America is not facing isolated illicit trade crises, but rather a systemic upheaval driven by tariff wars, China’s aggressive export strategy, U.S. pressure on the region, and the strengthening of transnational organized crime. This report identifies the 10 main risks for companies, industries, and governments operating in the region.
10 Critical Risks Identified | 90% Illegal cigarette market in Panama | 2026 Regional Strategic Foresight |
AUTHORS:
Gral. (r) Juan Carlos Buitrago Arias
MSc. Juan Ruiz Galán
Download the full report here



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