Andina

Peru: Non-traditional exports totaled US$8.588 bn in Jan-Aug 2018

15:01 | Lima, Oct. 3.

Peruvian non-traditional exports totaled US$8.588 billion between January and August 2018, thus increasing 16.2% compared to the similar period last year, Foreign Trade and Tourism Minister Rogers Valencia informed Wednesday.

This outcome was mainly underpinned by giant squid and avocado shipments.

Giant squid exports reached US$542 million, a 64% rise from the same term in 2017 (US$390 million). 

According to the official, this expansion was driven by greater volumes and better prices, especially in the Asian market. 

On the other hand, avocado sales totaled US$716 million in the analyzed period, up 17% over the similar term in 2017. 

This result was underpinned by a greater exportable supply destined to consolidated markets such as the Netherlands (+20%) and Spain (+14%). 

Other products 

Canned fish (+35%) and shrimps (+6%) also stood out among non-traditional fishery exports. 

In addition to avocados, blueberries (+129%), chestnuts (+57%), grapes (+34%), and bananas (+12%) also stuck out. 

Other sectors

Other sectors such as textile-garment (US$919 million, +12.5%), chemical (US$1.029 billion, +17%), and forestry (+3.1) are on the path of growth as well. 

Total exports 

Moreover, Peruvian total exports amounted to US$31.794 billion in the first eight months of 2018, posting a 15.1% expansion compared to the same period last year (US$27.629 billion), the Minister indicated.  

These figures were boosted by higher non-traditional (+16.2%) and traditional (+14.7%) shipments. 

The Asian market (+23.8%) was the top destination, mainly South Korea (+52.8%) and India (+43.6%). 

It should be noted non-traditional exports grew by 11% in August alone, thus accumulating 25 months of continuous growth. 

(END) CNA/DTK/RMB

Published: 10/3/2018