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Peru: Non-traditional exports to China totaled US$477 million in 2018

10:39 | Lima, Mar. 4.

Peru's non-traditional exports to China totaled US$477 million in 2018, thus increasing 16.1% compared to the previous year, the Foreign Trade Society (Comex Peru) informed on Monday.

The main sectors were farming (36% of the total), fishery (32%), and textile (13%) spheres.

The main products sent to the Asian Giant were cuttlefish and squids (US$104 million, +51.5%); carded or combed fine alpaca or llama hair (US$53 million, +0.07%); fresh grapes (US$41 million, +31.7%); and blueberries (US$33 million, +0.04%).

It should be noted the Peru-China Free Trade Agreement (FTA) was signed on April 28, 2009, in Beijing, and came into force on March 1, 2010.

According to Comex Peru, non-traditional shipments to China expanded 84% between 2010 and 2018, registering a 7.9% average annual growth.

Total exports

Peruvian exports to the Asian country reached US$13.234 billion last year, a 14.1% rise compared to 2017.

This outcome was underpinned by the traditional sector, which increased 14% compared to the previous year and represented 96.4% of total exports.

(END) MDV/DTK/MVB

Published: 3/4/2019

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Peru: Non-traditional exports to China totaled US$477 million in 2018

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