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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.

 

Peru: Foreign trade exceeds US$68 billion in first 10 months of 2017

Friday, December 08, 2017 > 09:34:49
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Andina Peru

Foreign Trade and Tourism Minister Eduardo Ferreyros said Peru's foreign trade totaled US$68.124 billion between January and October this year, up 15.8% over the same period in 2016.

Likewise, the minister informed Peruvian shipments rose 22.9% to US$35.511 billion in the first 10 months of the year.

This result is attributable to higher export volumes (12.6%) in sectors like fisheries (69%) and hydrocarbons (29%), as well as to a recovery in international prices (9.3%).

"The increase in Peruvian exports has been driven by Asia's greater demand," he underlined.

In this sense, sales to Asian nations posted a 48% expansion in Jan-Oct this year, whereas shipments to other countries grew 8.5%.

The rise in Peruvian exports to Asia is not limited to China —country that saw a 40% increase.

In fact, this is observed in India (126.8%), Thailand (122.2%), South Korea (61.7%), and Japan (51.8%) as well. 


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