Opinion

Peruvian Non-Traditional Agricultural Exports Reach USD 2.02B in Q1 2022

Fruits
Vegetables
Peru
Published May 31, 2022
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Peruvian non-traditional agricultural exports reached an export value of USD 2.02B in the first quarter of 2022. Some of the primary non-traditional agricultural export products in Q1 2022 were fresh grapes, mangos, blueberries, and avocados. Forecasts indicate that by the end of 2022, Peruvian agricultural exports will surpass USD 9.76B.

According to the National Superintendency of Customs and Tax Administration (SUNAT), Peruvian non-traditional agricultural exports reached an export value of USD 2.02B in the first quarter of 2022, representing a 17.1% increase from the first quarter in 2021. Products referred to as non-traditional agricultural products are high-value, labor-intensive fruits and vegetables that are not part of the daily diet of the local population.


Source: SUNAT

During the first quarter of 2022, the United States was the primary destination for Peruvian non-traditional agricultural exports with a 34.8% market share, reaching USD 702M and representing a 26% YoY growth. Other top destinations for Peruvian non-traditional agricultural exports in Q1 2022 were the Netherlands with USD 303.9M, Spain with USD 108.8M, China with USD 95.2M, and Hong Kong with USD 91.7M.

Some of the primary non-traditional agricultural export products in Q1 2022 were fresh grapes, mangos, blueberries, and avocados.


Source: Agro Noticias Peru, SUNAT

Grapes reached an export value of USD 616M in Q1 2022, representing a 22.3% increase from Q1 2021 when the export value was USD 504.2M. Despite the general export increase, mango exports in Q1 2022 decreased by 9.7% YoY to USD 193.1M from USD213.8M in Q1 2021. Peruvian blueberry exports grew by 119% YoY, reaching USD 121.7M in Q1 2022 from USD 55.57M in the same period in 2021. During Q1 2022, Avocado reached an export value of USD 98.7M, representing a 20.3% increase from USD 82.04M in Q1 2021.

Peru faces high competition in agricultural exports since its agricultural laws impose higher taxes and more agricultural controls than other Latin American countries like Colombia, making Peru less attractive for investments. Despite the complications the agricultural sector in Peru is facing with increased production costs, the Peruvian Association of Exporters (ADEX) estimates that by the end of 2022, Peruvian agricultural exports will surpass USD 9.76B, representing a 10.2% increase from 2021 when the export value was USD 8.94B.

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