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China and South Korea increased imports of Peruvian products

In the first eight months of the year (January-August), Peru conducted agricultural exports to 138 countries around the world with sales that amounted US $ 3.605 billion, i.e. 10% over the same period last year, according to the Ministry of Agriculture and Irrigation (Minagri).

This increase was due to higher exports of non-traditional products, which registered a 13% increase in their export value.

According to the Minagri, the products that stood out for their higher export values, compared to the same period in 2016, were: citrus (which grew by 56%), fruit or other fresh fruit (+54%), livestock feed (+44%), fresh grapes (+19%), quinoa (+14%), fresh mangoes (+8%), and evaporated milk (+ 5%), among others.

The main destination countries that increased their purchases of Peruvian agricultural products were: China, the market that grew the most with a 121% increased, followed by South Korea, with the same growth figure. Additionally sales to other markets also increased: Ecuador (+30%), Italy (+23%), Spain (+16%), Belgium (+12%), United States (+5%), Canada (+5%), the Netherlands (+4%), Chile (+2%), among others.

Traditional Exports
Traditional agricultural exports between January and August totaled US $339 million. This item accounted for 9% of total agricultural exports. Meanwhile, non-traditional agricultural exports increased by 13% going from US $ 2.903 billion in 2016 to US $ 3.266 billion this year. These sales accounted for 91% of total agricultural exports. The most outstanding products include fresh avocados, fresh grapes, fresh asparagus, preparations used for animal feed, fresh mangoes, Cavendish Valery bananas, other citrus fruits, cocoa, quinoa, prepared asparagus, unsweetened evaporated milk, fruit or other fresh fruit, and frozen mango, among others.

Increase in destination markets
Peru shipped its agricultural products to 138 countries. The United States was the main destination market, as it accounted for 27% of total exports. It was followed by the Netherlands, which accounted for 15%, Spain (7%), England (5%), Ecuador (5%), China (5%), Germany (3%), Chile (3%), Belgium (2%) and Canada (2%). It is also important to note that these ten countries accounted for 75% of total exports. In the first eight months of the year, the agricultural trade balance was positive by US $524 million, as total exports of this products amounted to US $3.605 million while imports totaled US $ 3.081 billion. 

Source: gestion.pe

Publication date: 10/10/2017


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