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Peruvian agricultural exports reach US$ 4.504 billion in the first half of the year and grow by 11.3%
Monday, August 19, 2024 - 15:45
Fuente: Agencia Andina

In June alone, they grew by 32.3%. Peru's agricultural trade balance registered a surplus of US$ 1.462 billion.

The Peruvian Government, through the Ministry of Agrarian Development and Irrigation (Midagri), announced that the Andean country's agricultural exports are maintaining their growth rate, registering sales of US$ 4,504 million in the first half of 2024.

This figure represents an increase of 11.3% compared to sales recorded in the same period of the previous year.

"At Midagri we continue to promote agricultural production and the access of products to new international markets. Likewise, by unblocking irrigation projects of global scope we will expand the agricultural frontier and supply, and we will continue to consolidate the country as one of the most important food suppliers in the world," said the minister of the sector, Ángel Manero.

According to official records, traditional agricultural exports totaled US$ 302 million, a figure that represented an increase of 46.2% compared to the figure recorded in 2023, due to the higher exports of unroasted, non-decaffeinated coffee (US$ 258 million) and fine alpaca or llama hair (5.3 million), whose sales grew by 62.8% and 90.7%, respectively. These products account for 86.9% of traditional agricultural exports.

Meanwhile, non-traditional agricultural exports reached US$ 4.201 billion, an amount 9.4% higher than that observed in the same period last year.

The main products in the agro-export ranking in the period analyzed were: avocados US$ 754 million (18% share), fresh grapes US$ 482 million (11.5%), fresh blueberries US$ 360 million (8.6%), cocoa beans US$ 245 million (5.8%) and fresh mangoes US$ 189 million (4.5%).

Also noteworthy are the largest sales of fresh asparagus (US$ 116 million (2.8%), animal feed (US$ 114 million (2.7%), other fresh fruits (US$ 84 million (2%), lemon essential oils (US$ 72 million (1.7%), and uncrushed and unpowdered paprika (US$ 72 million (1.7%). These 10 products together accounted for 59.2% of the non-traditional exportable supply.

The products that contributed most to this growth in the first half of the year were: cocoa beans (654.4%), cocoa butter with 1% acidity (511.8%), cocoa butter with acidity (511.8%), cocoa butter with acidity greater than 1.65% (449.2%), cocoa beans (231.7%), fresh blueberries (95.9%), lemon essential oils (71%), among others.

FRUITS AND VEGETABLES

It is important to highlight the exports of fruits and vegetables in the basket of non-traditional products, whose sales reached US$ 2,431 million FOB (57.9% of non-traditional agricultural exports) by June 2024, a figure that meant an increase of 6.4% compared to 2023.

Midagri announced that in the basket of non-traditional products, fruit and vegetable exports totaled US$ 2,431 million in the first half of the year (57.9% of non-traditional agricultural exports), a figure that represented an increase of 6.% compared to 2023.

Similarly, in the first six months of the year, the top ten destination countries for Peruvian agricultural exports were: the United States, the Netherlands, Spain, Chile, Ecuador, Mexico, England, China, Canada, and Colombia. This group of countries accounted for 76.3% of the total FOB value exported during the study period.

GROWTH IS MAINTAINED

On the other hand, Midagri announced that in June alone, agricultural exports amounted to US$ 795 million, which meant a growth rate of 32.3% compared to the US$ 601 million recorded during the same month last year.

In that month, traditional agricultural exports totaled US$ 64.1 million, a figure that represented an increase of 37.8% compared to the same month in 2023, mainly due to the higher export of unroasted, non-decaffeinated coffee (US$ 59.5 million), fine alpaca or llama hair (US$ 9 million), and whole bovine hides and skins (US$ 9 million), which registered increases of 78.1%, 56.6%, and 251.5%, respectively. These products accounted for 95.7% of traditional agricultural exports.

Non-traditional agricultural exports reached sales of US$ 730.9 million, an amount 31.8% higher than that observed in the same month last year.

The main products in the agro-export ranking were: avocados with US$ 233 million (31.8% share), cocoa beans with US$ 75 million (10.2%), other citrus fruits with US$ 32 million (4.4%), fresh asparagus with US$ 30 million (4.2%), animal feed with US$ 23 million (3.1%), 1% acidity cocoa butter with US$ 17 million (2.3%), 1% acidity cocoa butter (-1.65%) with US$ 13 million (1.7%), quinoa with US$ 11 million (1.5%), sweet biscuits with US$ 11 million (1.5%),

POSITIVE BALANCE

Similarly, in the first six months of the year, the agricultural trade balance recorded a surplus of US$ 1,462 million, a figure 79.4% higher than the amount obtained in the same period last year and whose increase is due to the increase in agricultural exports (US$ 456 million increase compared to 2023).

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Agencia Andina