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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.

 

Peru: Non-traditional exports to the US up 14%

Friday, November 21, 2014 > 07:45:24
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(Andina)

Non-traditional exports to the United States increased from US$1.6 billion to US$2.7 billion over the past five years, which reflects a 14% average annual growth rate, informed the director of Peru's Trade Commission in New York, Conrado Falco.

Meanwhile, traditional exports increased by an average 9% in the same period, said Falco to Andina news agency.

The Free Trade Agreement (FTA) between Peru and the United States originated an annual average growth of 11% from the total Peruvian exports, he commented.

In this sphere, 923 new Peruvian products were enabled to enter the American market over the past five years.

Conrado Falco also highlighted Quinoa, one of the products that experienced an extraordinary growth in the American market thanks to the current trade agreement. Its exports increased to US$50 million a year.

He believed there have also been considerable advances in grapes, blueberries and avocados shipping.

“We have a potential foreign market for grapes worth US$700 million, and concerning blueberries it be could around the US$1billion,” he pointed out.


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