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Peru: Exports to break record during President Vizcarra's administration

15:02 | Lima, Sep. 27.

Peruvian exports are set to break historical records during President Martin Vizcarra's administration (2018-2021), Foreign Trade and Tourism Minister Rogers Valencia projected on Thursday.

This result will be possible thanks to the sector's market opening policy and trade promotion efforts.

After making an assessment of the administration's first 180 days, the official indicated shipments would exceed US$50 billion in 2018, a record-breaking figure for Peru.

"By July 2018, national exports stood at approximately US$28 billion, an 18% increase compared to the similar period in 2017," he expressed.

This result was driven by an increase in non-traditional shipments, meaning products such as: giant squid (+65%), phosphate (+40%), wool textiles (+40%), mangoes (+35%), and grapes (+34%).

"This figure is important and allows us to estimate we will achieve an exporting record by the end of the year," Minister Valencia pointed out.

Likewise, the Foreign Trade and Tourism Ministry (Mincetur) currently undertakes efforts to find new markets and promote trade.

Regional exporting development

On the other hand, the official underlined the importance of consolidating Peru's regional shipments in order to maintain the exports growth.

Coffees from Peru

In this sense, Mincetur presented last August the Cafes del Peru (Coffees from Peru) brand aimed at contributing to the proper positioning of this important national product worldwide.

(END) MDV/DTK/MVB

Published: 9/27/2018

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Peru: Exports to break record during President Vizcarra's administration

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