Peru’s Ministry of Foreign Trade and Tourism (Mincetur) reports that the nation’s exports soared to a historic high of $74.664 billion in 2024.
This achievement reflects Peru’s robust growth in various sectors. The metallurgical sector led with a 36% increase, fueled by a global demand for metals like gold and copper.
The fishing industry also saw a significant 24% growth, with fishmeal and shellfish exports particularly strong. In agriculture, exports jumped 22%, setting a new record at $12.784 billion, driven by doubled cocoa sales and an 18% increase in fruit exports.
Mining contributed with a 16% rise, while the chemical sector grew by 8%. These figures showcase Peru’s expanding industrial base. China dominated as the primary export market, capturing 34% of Peru’s shipments, worth $25.2 billion.
The U.S., India, Japan, and Chile followed, demonstrating Peru’s diverse market reach. Asia took 53% of Peru’s exports, highlighting the strategic importance of this region. America and Europe absorbed 30% and 16% respectively.
Desilú León, Mincetur’s head, credits this success to Peru’s business community’s resilience and government policies promoting trade. The year also saw significant infrastructure developments, like the Chancay port, aiming to enhance direct Asian trade links.
In addition, this record-breaking export performance not only boosts Peru’s economy but also strengthens its position in global trade networks.
The story behind these numbers is one of strategic planning, resource utilization, and market expansion, painting a picture of a country on the rise in the global stage.
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This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief