How Russia affects Peruvian agricultural exports

Published Mar 6, 2022

Tridge summary

Peru's agricultural exports to Russia have seen a significant increase since 2017, thanks to marketing strategies and new phytosanitary permits. In 2021, these exports reached US$105 million, making Russia the twelfth most important destination for Peruvian agricultural exports. The top five products exported are grapes, avocados, tangerines, mangoes, and coffee, with grapes seeing the largest growth. However, the ongoing conflict between Russia and Ukraine could potentially impact these exports. In 2021, grape exports to Russia increased by 19% in volume and 29% in value, making Russia the eighth largest market for Peruvian grapes. However, avocado exports saw a decrease, and tangerine exports also declined.

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

Original content

Russia has been an interesting market for Peruvian agricultural exports in recent years. However it was not always so. Between 2010 and 2014, Peruvian remittances totaled US$55 million on average each year. Over the next two years, shipments to Russia shrank to $30 million, a 45% drop. Basically due to the contraction in grape shipments, a fruit that represented 58% of exports to this giant country. From 2017, and until 2021, shipments from Peru to Russia jumped. The takeoff was achieved thanks to the greater exposure that Peruvian agricultural products had during the 2018 World Cup, which was held in this country. The agro-exporters, with the support of the State, took advantage of a historic milestone: the return of Peru to the World Cup, to make their products known in this country. In addition to this marketing strategy, it was used to negotiate new phytosanitary permits that would allow Peru to enter with its food. This is how, in the last five years, Peruvian remittances to ...

Source: Freshfruit.pe