Peru's non-traditional exports to the European Union (EU) amounted to US$3.163 billion in 2020, mainly boosted by the farming sector and the
According to the exporting guild, the farming sector grew 8.6% in 2020 compared to 2019, thus reaching US$ 2.276 billion and representing 42.8% of total sales to the EU, as well as 71.9% of non-traditional shipments.
Likewise, Comex indicated that the benefits of the FTA can be seen at a regional level.
In this sense, Piura (US$713 million), Lima (US$709 million), La Libertad (US$543 million), Ica (US$404 million), and Lambayeque (US$274 million) regions registered the greatest shipments to the European Union.
Furthermore, it pointed out that the European Union-Peru Free Trade Agreement
has enabled the South American country to consolidate its exports to this economic bloc equally between traditional and non-traditional shipments.
The accord has also contributed to reducing the impacts of external shocks —such as the COVID-19 pandemic— thanks to the participation of non-traditional exports.
It must be noted that the FTA is aimed at increasing, as well as diversifying exports, and its effects have been positive.