News

How long could it take Peru to surpass Chile's agricultural exports?

Peru
Market & Price Trends
Published Apr 22, 2024

Tridge summary

Peru aims to surpass Chile in agro-exports by 2027, despite facing challenges such as a slowdown in the sector's growth, attributed to decreased investments and a lack of dynamism. With agricultural exports reaching US$ 10,134 million, compared to Chile's US$ 12,793 million, Peru needs to address issues like the need for a new agrarian law, development of irrigation projects, and increasing sector formality. However, Peru holds a comparative advantage over Chile, including superior product performance and quality, and leads in exports of crops like asparagus, avocado, blueberries, and grapes. Challenges for Chile, such as severe droughts and water resource overexploitation, contribute to Peru's competitive edge in foreign markets, where it has a notable participation of 13.41%.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(Agraria.pe) A few years ago, in 2022, the Ministry of Agrarian Development and Irrigation (Midagri) estimated that Peru would surpass Chile's level of agro-exports in 2027, but how close are we now? Now it is warned that it could take longer than expected to reach these figures for shipments abroad. At the end of 2023, the Ministry of Foreign Trade and Tourism (Mincetur) reported that Peru's agricultural exports amounted to US$ 10,134 million, still below official figures in Chile, which show that its food shipments abroad totaled US$ 12,793 million. The president of the Association of Agricultural Producers Guilds of Peru (AGAP), Gabriel Amaro, recalls that Chile has had an agro-export industry long before Peru, which has even taken about four years longer than expected for agricultural exports. exceed US$ 10,000 million. Amaro affirms that in the last 7 years, the growth of the modern agricultural export sector has been decreasing its dynamism and the investments that were ...
Source: Agraria
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