Peru: Agroindustrial exports to China grew 2.4% in value in 2020

Published 2021년 2월 24일

Tridge summary

In 2020, Peruvian exports to China saw a decrease of 18.1% from the previous year, totaling US $ 11,130 million, primarily due to a decrease in demand for copper. This marks the first decrease after five years of growth. The Association of Exporters (ADEX) reported that primary shipments to China, including mining, fishing, oil and natural gas, and traditional agriculture, also saw a reduction. However, non-traditional exports, such as agribusiness, clothing, metalworking, iron and steel, and non-metallic mining, experienced an increase.

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

Original content

(Agraria.pe) In 2020, Peruvian exports to China totaled US $ 11,130 million, registering a contraction of -18.1% compared to the US $ 13,584 million reached in 2019. This fall, after five consecutive years of growth, was This is mainly due to the decrease in demand for copper, reported the Association of Exporters (ADEX). According to figures from the ADEX Data Trade Commercial Intelligence System, in 2020 primary shipments to China amounted to US $ 10,694 million, showing a reduction of -17.6% compared to 2019. All its subsectors closed in the red: mining (-17.5% ), fishing (-19%), oil and natural gas (-6.4%) and traditional agriculture (-15.4%). Its most important items were copper, which accounted for 55.4%, copper cathodes, iron ores, fishmeal and silver. On the other hand, in 2020 non-traditional exports reached US $ 436,571,000, observing a drop of -28.6% versus the previous year. Agribusiness (+ 2.4%), clothing (+ 23.9%), metalworking (+ 181.5%), iron and steel (+ 248.4%) ...

Source: Agraria