Peruvian exports are likely to expand 18% in 2017 compared to last year, Peru's private-run Foreign Trade Society (Comex Peru) projected Tuesday.
Said expansion will be underpinned by shipments from the
mining and
agricultural sectors, he indicated.
Agroindustry by 2021
According to Noriega, agriculture sector and agroindustry show signs of dynamism. In this sense, their shipments are expected to double by 2021.
Likewise, mining exports growth would become a reality due to
higher mineral prices —along with greater volumes— as some large projects have already come into operation.
Additionally, Peru hosts 5.7 million micro- and small-companies, which provide jobs for 8.13 million people and account for 20.6% of the Inca country's total output.
Nonetheless, he noted 79.9% of those businesses belong to the informal sector.