Trade disagreement between the United States and China opens a great opportunity for Peruvian agro-exports

Published 2020년 7월 8일

Tridge summary

Peruvian food exports have seen a significant increase of 16% per year on average from 2001 to 2019, compared to an average annual growth of 8% in global food exports. In 2019, despite a decrease in total Peruvian exports by 3%, agro-industrial exports grew by 10%. The United States and China are the primary destinations for Peruvian agro-exports, accounting for approximately 40% and 3% respectively. The former saw a growth of 24% in 2019, while the latter experienced an 18% increase. The former Minister of Production, Alfonso Velásquez Tuesta, emphasized the need for increased collaboration between public, private, and academic sectors to capitalize on the opportunities in the growing food demand within the next 30 years. He also stressed the importance of including family farming in this market strategy and introducing new value chains.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(Agraria.pe) In the last 18 years world food exports have grown in the order of 8% annually, however, between the period 2001 and 2019 Peruvian food exports have increased by 16% a year on average, going from US $ 421 million in 2001 to US $ 6,219 million in 2019. This was highlighted by former Minister of Production, Alfonso Velásquez Tuesta, who indicated that 2019 was a difficult year for Peruvian exports in general, having decreased by 3% , but agro-industrial exports maintained their growth at 10% despite the national decrease. "This year with Covid-19 things have been very hard, we have had a decrease of 23% of total exports in the first quarter, however, our agriculture remains. From January to April, agro-exports have grown 4%, this due to the prompt government measures that allowed all the industries related to the food issue to maintain their flow of operations, both internal and external supply, "he said. He noted that the previous year Peruvian agro-exports reached 146 ...
Source: Agraria

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