Peru's traditional and non-traditional exports accumulated their third consecutive growth year in 2023, driven by higher shipments and by prices, respectively, the
Central Reserve Bank (BCR) reported on Thursday.
"Sales abroad of traditional products reached a total of US$48.6 billion in 2023, which implied a 1.8% rise compared to 2002. This result was driven by higher shipments of mining products (+11.6%) abroad," the
BCR explained.
The issuing entity reported that non-traditional exports amounted to US$18.424 billion, a value that implied an 1.1% increase year-on-year, driven by higher farming product prices (+11%).
At the level of shipments by value, frozen giant squid experienced the highest annual growth (+37.5%), favored by weather conditions in the first half; followed by fresh grapes (+28.1%) and blueberries (+23.6%). Both products were the main exports in 2023.
"Besides, the United States remained the main destination for non-traditional products; those with the greatest growth were China (higher sales of seafood products) and the rest of Asia such as Hong Kong," the
BCR pointed out.
(END) NDP/MVB
Published: 2/15/2024