Shipments to international markets will far exceed US$73 billion.
Peru will exceed US$ 73 billion in exports in 2024 and thus register an export record for the fourth consecutive year, after the results achieved from January to October, said the Ministry of Foreign Trade and Tourism (Mincetur).
He said that the export of goods grew 14.5% from January to October of this year, totaling US$ 60,168 million, due to the greater volume exported (6.4%) and better prices (7.9%), highlighting the growth of exports in the fishing (26.6%), agricultural (23.3%) and metal mining (15%) sectors.
“The positive trend in our exports continues to confirm that this year, Peru will reach an export record for the fourth consecutive year, far exceeding US$ 73 billion in shipments,” said the Minister of Foreign Trade and Tourism, Desilú León Chempén.
"This achievement is not only proof of the hard work of the private sector, but also of the actions promoted by Mincetur to provide companies with tools that strengthen them, as well as an effective commercial promotion strategy and, in this way, continue to open new markets for their products," he added.
EXPORT BY SECTORS
In the agricultural sector, shipments totaled US$ 9.667 billion, with higher sales of grains standing out: cocoa (296%) and coffee (60.8%), and fruit: blueberry (49.2%), avocado (29.4%), mandarin (26.7%), and lemon/derivatives (41.7%). Exports of natural colorants (19.7%) and rice (89%) also increased.
In fishing, which reached exports of US$ 3,302 million, there was a notable increase in exports of anchovy derivatives, such as oil and flour (104%), scallops (80.3%) and frozen/canned fish (45.6%).
Textile/clothing exports totaled US$ 1,346 million (1.1%), thanks to higher export volumes (8.3%). Exports of clothing (2%), fabrics (10.3%) and fibres (0.1%) increased.
On the other hand, iron and steel exports recorded sales of US$ 1,492 million, a growth of 17.5%, due to higher sales of refined copper wire (36.3%), copper sheets (93.6%), silver bars (83.2%), scrap (102.3%), and metal structures (38%).
Finally, in the chemical sector, shipments totaled US$ 1,514 million (10.6%), mainly due to higher sales of plastic (27.5%), as well as zinc oxide (8%), tires/rubber (9.7%) and beverage base (16.8%).
“The increase in export values in the period from January to October 2024 has also been possible thanks to the greater number of exporters. Thus, in the first 10 months of this year, 8,991 exporters were registered, 4% more than that registered in the same period in 2023. It should be noted that 70% of the exporting companies were MSMEs,” highlighted the head of Mincetur.
DESTINATION MARKET
China remains Peru's main trading partner, being the destination for 34% of Peruvian exports, including goods such as copper, iron, fishmeal and silver concentrate.
The United States follows with 13% of sales, being the main destination for agricultural exports such as blueberries and grapes.
Finally, the third destination for products is the European Union, with products such as copper, avocados, coffee, natural gas and cocoa. Between January and October, Peruvian exports reached 175 markets.
EXPORTS FROM PERUVIAN REGIONS
In the period from January to October 2024, 18 Peruvian regions increased their exports: Huánuco, Ucayali, Puno, Amazonas, Loreto, Ancash, San Martín, Pasco, Tacna, La Libertad, Cajamarca, Ica, Moquegua, Junín, Madre de Dios, Ayacucho, Arequipa and Lambayeque.
It should be noted that, as of October 2024, exports from Puno, Ucayali, Loreto and Amazonas reached a record figure.
PERU'S FOREIGN TRADE
In the first ten months of 2024, Peru's foreign trade in goods (exports and imports) reached US$ 102,214 million, with a growth of 9.4%, mainly due to greater exchanges with gold importing countries.
Trade with the United Arab Emirates (111%), Nigeria (72%), Switzerland (57%), India (53%), Japan (33%) and Indonesia (31%) grew significantly.
With China, the main trading partner, trade grew by 9.8%, influenced by the increased sale of gold (259%). Sales of fishmeal also increased (100%).
