Andina

Peru's non-traditional exports to U.S., China rise in 1Q 2019

17:33 | Lima, May. 24.

Peruvian non-traditional exports to the United States and China grew 2% and 79%, respectively, in the first quarter of 2019 compared to the same period last year despite trade tensions between the two major economies, Lima Chamber of Commerce (CCL) reported Friday.

According to CCL's Foreign Trade Research and Development Institute (Idexcam), Peruvian non-traditional shipments to the United States totaled over US$917.5 million, while the value exported to China was US$161 million.

"This shows the situation between both countries provides an opportunity for Peru to sell its products in U.S. and Chinese markets," Idexcam Executive-Director Carlos Posada expressed.

Exports to U.S.

Sorted by sub-sectors, non-traditional agricultural exports to the United States expanded 12.67% to US$475.3 million. 

The most demanded products were fresh grapes, whose sales totaled US$163 million (20% more than the same quarter in 2018), followed by fresh blueberries (US$59 million; +90%).

Likewise, the textile sector recorded a positive performance with a 10.16% increase in sales of garments valued at US$182.5 million.

Exports to China

As for non-traditional shipments to China, non-traditional fishing grew 359%, compared to Jan-Mar 2018, to US$86 million.

The most demanded products in the first quarter of the year included cuttlefish and squid, whose sales amounted to US$69 million, up 396% from the same period last year, followed by prawns with exports valued at US$7 million.

In the case of non-traditional agriculture, exports rose 25% over the same period the year before and totaled US$45 million.

(END) MMG/RMB/MVB

Published: 5/24/2019
Most read