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Peru: Non-traditional exports up 19.1% in Jan-May 2018

13:19 | Lima, Jul. 5.

Peru's non-traditional exports totaled US$5.277 billion in the first five months of 2018, a 19.1% increase from the same period last year, the Foreign Trade and Tourism Ministry (Mincetur) informed.

Thus, non-traditional shipments accumulated 22 months of consecutive growth.

According to Mincetur, said expansion was driven by greater dynamism in metal-mechanic (+22.9%), fishery (+21.9%), farming (+21.5%), and textile-garment (+13%) sectors.

In this sense, the farming sector was supported by higher sales of fresh grapes (+31.2%) and fresh avocados (+18.9%). 

It must be noted shipments of these two Peruvian products amounted to US$587 million in the analyzed period.

As for the fishery sector, greater shipments of canned giant squid (+58.1%), as well as frozen giant squid (+56.7%) stood out.

Traditional exports

On the other hand, traditional exports reached US$14.202 billion in Jan-May 2018, a 17.3% increase compared to the similar term last year.

Such growth was explained by the good performance of petroleum-natural gas (+22.6%) and mining (+20.5%) sectors.

Total exports

Lastly, Mincetur pointed out Peru's total exports amounted to US$19.479 billion between January and May 2018, up by 17.7% over the same period last year (US$16.544 billion).

Said positive result marked 23 months of continuous growth and was mainly underpinned by higher shipments from the fishery (+98%) and natural gas (+58.5%) sectors. 

(END) ECS/JAA/MVB

Published: 7/5/2018
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