Peruvian agro-industrial exports are expected to reach US$99 million by 2017 as they enter markets of Brunei Darussalam, Vietnam, Malaysia, New Zealand and Australia, Lima Chamber of Commerce Director Carlos Posada informed.
“The Trans-Pacific Partnership (TPP) Agreement will give us access to five new markets, which accounted for US$60 in 2014, that is, 1.43% of total agro-industrial exports,” he underlined.
In this sense, and taking into account the sector’s annual growth rate is expected to stand at 18.28%, Peru’s agro-industrial exports are likely to increase to US$84 million in 2016 and US$99 million in 2017.
Likewise, Posada reiterated that agro-industrial exports have seen a steady expansion of 18.28% since 2011.
Nevertheless, in 2014 they totaled US$4.2 billion, 23.36% more than the previous year.
Regarding this amount, Peru exported US$60 million in 2014 to four of the five aforementioned countries. Shipments to Austria accounted for 56.67% of the total, followed by exports to Vietnam (20.83%), New Zealand (12.50%) and Malaysia (10.0%).
The most exported products were quinoa, asparagus, frozen meat, grapes and cocoa.
“So far the principal destinations for such products have been the United States, Canada, the European Union and China, but with the TPP exports might rise even more,” he concluded.