Andina

Peru exports up by 22.8% in Jan-Nov 2017

Exports. Photo: ANDINA/ Archive.

Exports. Photo: ANDINA/ Archive.

17:23 | Lima, Jan. 5.

Peru's total exports increased 22.8% between January and November 2017 thus totaling US$39.610 billion, Foreign Trade and Tourism Minister Eduardo Ferreyros informed on Friday.

Said increase was mainly underpinned by the positive performance of traditional (+28.7%) and non-traditional (+8.9%) sectors.

It must be noted this result marks the 17th month of continuous growth in terms of foreign sales. 

In the analyzed period, traditional exports from petroleum and natural gas (+55.4%), fishing (+53%), and mining (+25.8%) sectors registered the highest growth rates.

As for non-traditional shipments, fishing (+21.9%), iron and metal (+16.1%), metal-mechanic (+12.6%), farming (+9.3%), and textile (+5.7%) sectors stood out.

According to the minister, the increase registered in traditional shipments was driven by higher commodities prices, as well as greater fishmeal production.

Furthermore, non-traditional exports were boosted by greater sales of avocados (45%), blueberries (46%), animal feed (45%), and frozen giant squid (29%).

The cabinet member went on to add the positive trend in non-traditional exports enables the Andean country to look at 2018 with optimism. 

"We are working hard to open new markets and actively promote our products abroad," he concluded.

(END) CNA/JAA/MVB

Published: 1/5/2018