Peru's Exports Surge 15.6%, Driven by Non-Traditional Sectors and Strategic Trade Agreements

Peru has achieved remarkable export growth in 2024, with total exports reaching USD 74.7 billion, representing a 15.6% increase from the previous year. The country's strategic trade approach has positioned it as a competitive global supplier across multiple sectors.

China remained the top export destination, receiving USD 25 billion in Peruvian exports, followed by the United States with USD 9.5 billion and the European Union with USD 8.2 billion. Non-traditional exports were particularly noteworthy, growing 11.3% to USD 20.6 billion and creating more economic opportunities.

The success is largely attributed to Peru's 22 active free trade agreements, which now cover 87% of total exports. These agreements have been instrumental in reducing trade barriers and providing preferential market access for Peruvian products.

Agribusiness emerged as a standout sector, generating USD 11.6 billion in exports with a remarkable 21.6% increase. Highlights include a 36% growth in blueberry exports, 29.5% in avocados, and an extraordinary 257.5% increase in cocoa exports. Peru has solidified its position as a global leader in exports of blueberries, asparagus, grapes, quinoa, and fishmeal.

The metallurgy and metalworking sectors also demonstrated significant expansion, further diversifying Peru's export portfolio beyond traditional agricultural products. This growth reflects the country's ongoing industrial transformation and commitment to developing high-value-added industries.

Looking forward, Peru aims to continue its export diversification strategy, with government agencies like PROMPERÚ focusing on supporting international market expansion and promoting innovative, competitive Peruvian products.