The song was released for digital download and streaming by Sony Music Latin on April 13, 2021, as the lead single from the album.

The song was commercially successful in Latin America, reaching number one in 12 countries, including Argentina, Chile, and Colombia.

The track made Martin the first male Latin artist in history to have 4 songs from different decades to have over 100 million streams on Spotify.

An accompanying music video, released simultaneously with the song, was directed by Puerto Rican director Carlos Perez and filmed in Old San Juan.

"[4] On February 11, 2021, Primera Hora reported that Martin and Vives had recorded a song together and were seen in Piñones and El Escambrón, filming a music video.

[7] Vives told People about "Canción Bonita": It's a great opportunity to make such a special song with Ricky.

[8]Also, Martin told Hola News about the song: "Carlos' love for Puerto Rico is genuine and this gives an authentic value to the lyrics.

"[9] On April 12, 2021, Vives and Martin revealed the song's title as "Canción Bonita", shared the artwork, and announced that it would be released the following day.

[8][18][15] Lucas Villa from mitú analyzed that the song is where "[a] bit of vallenato from Vives' Colombia meets the reggaeton-pop of Martin's Puerto Rico",[19] and an author of Los 40 said it "is not only romantic, but also has a rhythm that will make you dance".

[20] Writing for Monitor Latino, Josh Mendez stated that the song "mixes vallenato, with a very light rhythmic base of the urban genre, and in some moments there are also hints of other Latin rhythms".

[28] In his review for Mitú, Lucas Villa said that like it is suggested by the song's title, "this collaboration lives up to its name with both superstars singing the most beautiful lyrics about the island.

"[19] Writing for People, Tomás Mier praised "Canción Bonita", saying it is a "perfect mix of Martin's pop feel and Vives' unmistakable tropical sounds".

[30] Aitana Alonso from Cadena Dial acclaimed the energies of the two artists together that "couldn't be more positive" and described the single as "a Caribbean theme that invites us to dance and wear out all the joy in our body".

[33] Monitor Latino's Josh Mendez celebrated the song's "strong impact", saying it "will make those who listen to dance and enjoy".

"[34] Also from Monitor Latino, Alpha González labeled it "a song with a particular rhythm and catchy lyrics" and stated that "a lot of people used it to set the mood for their vacations".

[56] In Latin America, "Canción Bonita" experienced huge commercial success, reaching number one in 12 countries and "breaking the charts during the summer" of 2021.

[59][60] It further peaked at number one in Argentina,[61] Bolivia,[62] Costa Rica,[63] Ecuador,[64] El Salvador,[65] Honduras,[66] Latin America,[67] Panama,[68] Paraguay,[69] Puerto Rico,[70] and Uruguay.

[105] Vives and Martin gave their first live performance of "Canción Bonita" at the 2021 Latin American Music Awards on April 15, 2021.

[107] Fernanda Hansen performed "Canción Bonita" as Panda on the second season of the Chilean singing competition television series ¿Quién es la máscara?

[108] In the same year, dog (Pancho Barraza) delivered a performance of the song on the special program of the Mexican series ¿Quién es la máscara?, as part of Teletón 2021.