Peruvian shipments to the United States expanded 18%, thus registering an export value of US$6.892 billion, Lima Chamber of Commerce's (CCL) Institute of Economics and Business Development (IEDEP) reported Monday.
It must be noted said growth was experienced nine years after the Free Trade Agreement with said North American country took effect.
According to
IEDEP Executive-Director Cesar Peñaranda,
non-traditional exports recorded significant progress in the 2009-2017 period (US$3.372 billion), a figure higher figure than the one registered in 2008 (US$1.877 billion) —one year before the agreement was signed.
This way, an accumulated increase was registered in the non-metallic
mining (282.7%), farming (190.6%), and
fishing (162.6%) sub-sectors.
On the other hand,
traditional shipments decreased 11.1% in the analyzed period due to drop in petroleum and natural gas exports.
New products and companies
According to statistics available, 1,279 new products have been
exported in the first eight years of the
FTA with the U.S., thus totaling US$1.970 billion.
The non-traditional sector accounts for 98% of the total. In this sense, the metallurgical (32%), chemical (19%), and
textile (13%) sub-sectors stood out.
In the analyzed period, 5,372 new exporting enterprises reached the United States. It must be noted 90% of these companies were micro and small enterprises (MSEs).
Imports
Inca imports grew 44.7%, climbing from US$5.564 billion to US$8.052 between the 2008 and 2017.
Purchases of consumer and intermediate goods expanded 93.6% and 71.0% in the analyzed period, respectively.
(END) MDV/FGM/MVB
Published: 4/2/2018