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Trade News

Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.


Demand remains high for Peruvian exports, especially to U.S.

Tuesday, September 09, 2014 > 10:31:26

(Peru This Week)

News headlines spouting the popularity of Peru’s superfoods and fruits in foreign countries are ever-present, and the proof is in the numbers.

According to the Peruvian Association of Exporters (Adex), agricultural exports amounted to US$ 2.5 billion in just the first half of 2014. This great earning, based off of the performance between January and July, can be credited mainly to Peruvian fruits which experienced a near doubling (48.3% growth) in shipments, says Adex. Although Peru is experiencing international success, much of the demand is stemming from the Unites States.

Data shows that over 28% of the country´s total exports were sent to the U.S., with a value of US$ 708.8 million. This is a 34.6% increase in U.S. demand compared to the same seven-month time period of 2013.

Other highly interested countries were the Netherlands, showing a 28.2% increase in demand, and Spain, exhibiting a 10.5% increase in demand for Peruvian products.

Such fruits as avocados, with US$ 253.6 million, and grapes, with US$ 232.1 million, proved to be great money-makers for Peru, as far as exportation is concerned.

Vegetables, although not in as great of foreign demand as fruits, were revenue makers nonetheless. Helping to create a demand valued at US$ 511 million in vegetables abroad were asparagus and artichokes.

The U.S. is likewise becoming a greater consumer of Peru’s superfood, quinoa. In the same seven-month time period of 2014, Peru’s Ministry of Foregin Trade and Tourism reports a 239% increase in quinoa demand from the U.S. alone.

It will be interesting to see how the rest of the year pans out, especially after Mistura.

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