Peru's agricultural exports will exceed $11.5 billion by the end of 2024

(Agraria.pe) Peru’s agricultural sector showed remarkable resilience and growth in 2023, achieving a record US$10.545 billion in exports, which meant an increase of +2.9% compared to the previous year, despite facing significant global challenges. According to Peru’s Ministry of Agrarian Development and Irrigation (Midagri), this positive trend is expected to continue, with projections indicating that agricultural exports will exceed US$11.5 billion by the end of 2024. Over the past 23 years, Peru’s agricultural exports have expanded consistently, with an impressive average annual growth rate of +11.9%, reflecting the dedication and efficiency of Peruvian producers and exporters, supported by strategic support from the government. The success of Peru's agro-export industry is largely attributed to a diverse product portfolio, with 20 key products contributing to 74.6% of the total export value. In particular, grapes, blueberries and avocados have performed the best, each ...