Peru: Agricultural exports to the United States grew thanks to blueberries and grapes

Published May 20, 2024

Tridge summary

In 2023, the United States remained the primary agricultural export destination for Peru, with imports valued at US$3,497 million, marking a 6% increase from the previous year. Despite challenges such as limited global supply and competition from other countries, the United States maintains its advantage due to its accessibility and proximity to Mexico. Blueberry and grape exports experienced mixed results, with blueberry volumes down but value increased due to high prices, while grape exports saw a 21% growth in volume and a nearly 8% increase in price. However, Peruvian avocado exports faced significant competition from Mexico, leading to a 40% drop in volume and a 44% drop in value. Despite these challenges, the positive pricing for asparagas and grapes are expected to last, and coffee exports recovered with a 10% increase in volume despite a 22% drop in price.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In recent years, Peruvian agro-export destinations have become increasingly diversified. However, even with the growing presence of purchasing powers such as China, it does not seem that in the short term the United States will lose its status as the main agricultural export destination for Peru. 2023 was no exception and the United States once again led the way with US$3,497 million imported Peruvian agricultural products, 6% higher than what was obtained in 2022. The growth has not been the same in all products due to the limited supply worldwide, caused many products to be redirected to higher bidders. Despite the growth, the United States did not show as significant an improvement as Europe or China. This is because prices have not been the most attractive despite the shortage of products. And the symptoms of shortages tend to be much slower in this country thanks to its proximity to Mexico's pantry. Everything indicates that over time the United States will lose participation ...

Source: AgroForumPeru