Peruvian agricultural exports grew by 23.3% between January and October 2024, driven by blueberries, avocados and coffee

Published 2024년 12월 25일

Tridge summary

The Peruvian agro-export sector has experienced a significant surge, with a 23.3% increase in shipments totaling 9.36 billion dollars during the first ten months of 2024, compared to the same period in the previous year. This growth is primarily driven by the exports of blueberries, avocados, and non-decaffeinated coffee, which have seen increases of 50.7%, 29%, and 61% respectively. The United States remains the primary market, accounting for 33.3% of these exports, while exports to emerging markets have also seen an increase. This growth is attributed to the collaborative efforts between the public and private sectors, highlighted by a recent agreement with the Ministry of Agrarian Development and Irrigation, focusing on technical training, export promotion, and sustainability. However, the sector faces challenges such as the need for increased producer capacity building and access to financing to continue this growth trajectory.

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Original content

The Association of Exporters (Adex) indicated that the Peruvian agro-export sector has registered a remarkable growth during the first ten months of 2024, reaching shipments totaling 9.36 billion dollars, an increase of 23.3% compared to the 7.592 billion recorded in the same period last year. This result underlines the dynamism and competitiveness of the agricultural sector in international markets. «The agro-export sector represents one of the strongest pillars of the Peruvian economy. This year, blueberries, avocados and coffee have generated historic revenues. In 2023, agro-exports represented about 15% of total national exports; in 2024, we project that this percentage could reach 18% due to current results,» said Milagros Torres, academic deputy director of the Zegel Business School. Blueberries were consolidated as the star product, with exports reaching 1.64 billion dollars, which represents a growth of 50.7%. Likewise, avocado showed an increase of 29%, while ...

Source: Revistaeconomia