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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.

 

More than 460 businesses account for 70% of Peru's total exports

Friday, January 23, 2015 > 09:34:35
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(Peru This Week)

Of all the exports, agricultural products performed the best.

More than 460 businesses make up 70% of the total exports leaving Peru, according to the Foreign Trade Center (CCEX) of the Chamber of Commerce of Lima (CCL).

Out of the total 7,824 exporting companies, 463, or 6%, make up more than half of the total exported products reports Gestion regarding recent data from the CCEX.

“This small group of firms account for 70% of our shipments, which shows the high dependence of these products, considering that they are linked to the international situation. Therefore, a reduction in prices would directly affect the trade balance of Peru,” said Carlos Garcia Jerí, manager of CCEX.

The aformentioned reduction in prices is related to the fall in prices of minerals that 2014 suffered. As two-hundred mining companies make up 50% of the total value of exports made last year, the importance of the sector can’t be understated. Last year, the mining sector’s exports valued at US$ 17. 402 billion according to Gestion.

As for non-traditional exports, such as textiles and agricultural, food was the sector that recorded the highest growth. CCEX recorded that US$ 3.7 billion was exported by the 1,528 agricultural businesses last year.

“The strength of this sector is based on the positioning of its main products stars like grapes, asparagus, and avocado” Jerí told Gestion.

The total exports valued at US$ 34.7 billion with non-traditional making US$ 10.5 billion and traditional totaling US$ 24.2 billion.



 


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