Japan was the fifth destination for Peruvian exports in 2024

Published Mar 10, 2025

Tridge summary

In 2024, Peruvian exports to Japan saw a significant increase of 44%, totaling $3,334 million, with the country becoming the fifth largest recipient of Peruvian exports. The growth was primarily driven by traditional sectors such as mining and hydrocarbons, accounting for 94.5% of the exports. However, non-traditional exports experienced a decline due to reduced shipments of squid and avocados. Both Peru and Japan are working towards strategies to diversify their agricultural and manufacturing portfolio and encourage more Japanese investment in sectors like mining, agribusiness, and energy. Peru also plans to participate in the Expo 2025 Osaka-Kansai to showcase high-potential products.

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

Original content

Peruvian shipments to Japan in 2024 totaled $3,334 million, representing an increase of 44% compared to the same period in 2023 ($2,315 million), consolidating the Asian country as the fifth destination for Peruvian exports, reported the central manager of Exports of the Association of Exporters (ADEX), Diego Llosa Velásquez. During the meeting with the Japan Foreign Trade Organization (JETRO), in which its general director, Tatsuya Ishida, participated, Llosa Velásquez explained that currently 94.5% of shipments to Japan are concentrated in traditional sectors. These are mining with $2,000 million (with a positive variation of 30.2%) and hydrocarbons with $976 million (111.67%). “Japan is the third largest buyer of Peruvian copper and the main destination for hydrocarbons,” he said. For its part, the non-traditional supply showed a contraction of -8.1% and represented 5.5% of the total exported in 2024, due to the decrease in shipments of squid (-28%) and avocados (-6.4%), two ...

Source: AgroPeru