Peruvian agro-exports expanded 23.5% between January and August

Peruvian agro-exports captured US$6.1 billion between January and August of this year, which meant an expansion of 23.5% in that period, reported the Ministry of Agrarian Development and Irrigation (Midagri) on Wednesday, November 2.

The portfolio indicated in a press release that non-traditional agricultural exports totaled US$5.4 million, 15.1% higher than in the same period of the previous year.

The main products in the agro-export ranking were avocado at 16%, fresh grapes at 10.9%, fresh cranberries at 7.3%, fresh mangoes at 3.8%, fresh or refrigerated asparagus at 3.6%, and citrus at 3.3%.

Also contributing were animal feeds (3%), frozen mangoes (2.4%), other fresh fruits (1.7%), other cocoa beans (1.6%), crude palm oil (1.5%), and bananas, including plantains (1.5%).

These 12 products together would account for 57% of the non-traditional exportable supply, Midagri said.

Meanwhile, traditional agricultural exports during the first eight months of the year reached US$712 million, which translates into an increase of 175.4% over what was recorded in 2021.

Higher shipments of unroasted, non-decaffeinated coffee and cane molasses contributed to the good performance, with sales increasing by 213.1% and 22.6%, respectively.

Both products accounted for 96% of traditional agro-exports.

The ministry specified that in August alone, agricultural exports reached US$1.026 billion, which meant a growth of 30.6% when compared to the US$786 million captured in the same month of 2021.

Peru’s agricultural exports’ top 10 destination countries were the United States, the Netherlands, Spain, Ecuador, China, Chile, Germany, England, Colombia, and Mexico, which accounted for 76.3 percent of the total value exported.

With information from Xinhua

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