Non-traditional exports to Australia reached US$45.545 million in 2024, representing a 15.2% growth compared to 2023 (US$39.527 million) and accounting for 50.9% of total shipments (US$89.513 million), according to the Peruvian Exporters Association (Adex).
According to figures from the Adex Data Trade Intelligence System, the agro-industrial sector led these shipments, with US$22.740 million, registering a 20.7% increase from US$18.835 million in 2023.
In second place was the chemical sector, with US$7.734 million, followed by metalworking (US$4.521 million), non-traditional fishing (US$4.163 million), and textiles (US$3.964 million), among other sectors.
Top Exported Products
The main value-added products exported were anchoveta-based preparations and preserves (US$2.960 million), cacao powder (US$2.916 million), machine and appliance parts (US$2.513 million), mangoes (US$2.453 million), and quinoa (US$2.435 million).
Other top ten shipments included fungicides (US$2.197 million), cotton t-shirts (US$1.482 million), cacao paste (US$1.249 million), detonating cords (US$1.194 million), plus chocolates and their preparations (US$1.169 million).
Traditional Exports
Meanwhile, traditional exports totaled US$43.969 million, representing 49.1% of total shipments. The mining sector was the main driver (US$15.995 million), recording a 39.7% increase compared to the same period the previous year (US$11.448 million).
Top Exporting Companies
The most prominent exporting companies in the analyzed period included Trafigura Perú S.A.C., DSM Marine Lipids Peru S.A.C., Machu Picchu Foods S.A.C., Pesquera Diamante S.A., and Agroindustrias AIB S.A.
Trade Agreement
On February 11, the Free Trade Agreement (FTA) between Australia and Peru will mark its fifth anniversary in force. This accord is considered one of the most ambitious signed with any trade partner, as it includes commitments on tariffs, sanitary measures, and technical trade barriers.
It also includes customs matters, trade in services, investments, movement of people, e-commerce, and a chapter on Small and Medium Enterprises (SMEs).
In 2020, the first year of FTA implementation, Peruvian value-added exports to Australia reached US$39.261 million. The most in-demand products included quinoa (US$2.327 million), shrimp tails (US$2 million), fungicides (US$1.813 million), mangoes (US$1.701 million), and asparagus (US$1.537 million).
Other notable exports were cacao powder, cotton t-shirts, anchoveta preparations and preserves, other fruits, and cacao butter.
Additional Information
The FTA with Australia includes provisions for business development and trade facilitation, key aspects for maximizing benefits and fostering greater trade integration.
In 2024, Australia was the largest market for Peruvian exports in Oceania, accounting for 71.7% of the total.
(END) NDP/JMP/MVB