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10 Risks of Illicit Trade in Latin America (2026)

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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