Peru's non-traditional exports likely to soar 15% in 2014Friday, June 27, 2014 > 09:19:53
Non-traditional exports from Peru are expected to post a 15 percent growth in 2014 from last year, mainly driven by shipments of agricultural products, according to the country's Foreign Trade Society (ComexPeru)
“Export capacity of grapes, clothing and value-added products has increased thanks to the hard work of the business community and the public sector efforts to open new markets,” said Eduardo Ferreyros, the entity's general manager.
In its latest report released Wednesday, Comex found the non-traditional sectors which showed the highest pick up in the overall exports this year are agriculture, textile and clothing activities.
Nevertheless, he said, total traditional and non-traditional exports are forecasted to see a decline from 10 percent to 12 percent by the end of 2014.
"The said performance will be due to fewer shipments of the mining sector, as well as the fall in the price of gold and other metals," the entrepeneur noted.
Furthermore, Comex' head pointed out non-traditional exports rose 9 percent in the January-April stretch, while agricultural exports recorded a growth of 28 percent during the reported period.