Agroexports to China: how much potential does Peru have?

Published 2024년 4월 3일

Tridge summary

The Ministry of Agrarian Development and Irrigation (Midagri) in Peru has identified 133 agricultural products with a high import potential to China, Taiwan, Hong Kong, and Macao, collectively valued at over US$53 billion. Among these, 20 primary products, such as fresh grapes and blueberries, hold a nearly US$10 billion potential import value. In 2023, Peru's agricultural exports to these regions reached US$677 million, accounting for 60.8% of its total agricultural exports to the Asia Pacific. The article emphasizes the strategic role of the Port of Chancay in potentially reducing shipping times to China by up to 17 days, which could significantly enhance Peru's agricultural export capabilities by improving trade logistics and facilitating the diversification of its export basket through quicker phytosanitary agreement processes.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Ministry of Agrarian Development and Irrigation (Midagri) identified 133 products with import potential to China, Taiwan, Hong Kong and Macao, said César Romero, Midagri International Trade specialist. This amount represents a value slightly greater than US$53 billion, he added. Of this quantity of agricultural goods with potential demand - which can be achieved - in China, Midagri indicated that there are about 20 main products, including fresh grapes, blueberries, seaweed, wines and spirits. These could have potential imports worth US$9,984 million in 2022 and US$10,298 million in 2021, Romero said at the conference 'Peru-China Agroexports and the new commercial opportunities with the Chancay megaport'. Already in 2023, Peruvian agricultural exports to the Asian giant reached almost US$420 million, while the figure, including the territories of Taiwan and Hong Kong, reached US$677 million, representing 60.8% of agricultural exports to Asia Pacific in that year, according to ...

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