Peru: Agro-exports totaled USD 6,113 million in the first eight months of the year and the US is the main market

Published Nov 8, 2022

Tridge summary

Between January and August of this year, Peru's agricultural exports experienced a 23.5% increase compared to the same period in 2021, totaling USD 6,113 million, as reported by the Ministry of Agrarian Development and Irrigation. This growth is attributed to traditional exports like unroasted coffee and cane molasses, and non-traditional exports such as avocados, grapes, and cranberries, which saw significant increases in demand. The top export destinations included the United States, Holland, and Spain. The country's agricultural trade balance showed a surplus of USD 1,493 million, a 62% increase from the previous year, indicating a robust performance in the agricultural sector.

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

Original content

Agro-exports maintain their upward pace. In the first eight months of the year (January-August), agricultural exports totaled USD 6,113 million, which represented an increase of 23.5% compared to what was registered in the same period of 2021, according to the Ministry of Agrarian Development and Irrigation. (MIDAGRI). For example, traditional agricultural exports in that period reached US$ 712 million FOB, a figure that meant a significant increase of 175.4% compared to what was registered in 2021, due to the higher registered exports of unroasted coffee without decaffeination (USD 678 million). ) and cane molasses (USD 5.2 million), whose sales increased by 213.1% and 22.6%, respectively. These two products explained 96% of traditional agricultural exports. Meanwhile, non-traditional agricultural exports totaled USD 5,401 million, a figure 15.1% higher than that observed in 2021. The main products in the agro-export ranking in the analyzed period were: avocados USD 863 million ...

Source: Arriba El Campo