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Home World Business

Peruvian exports registers 16.1% fall last month

byCustoms Today Report
07/11/2015
in World Business
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LIMA: Peru is home to some of the world’s most prized super foods, and agricultural products in general. For example, demand for avocado, quinua and maca products, among others, continues to expand in to new markets.

Unfortunately, the agricultural industry’s success is not enough to save the fall in exports in nearly all of Peru’s sectors.

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Peruvian exports registered a fall of 16.1% in September as the market experienced less international demand and lower commodity prices.

In the period from January to September 2015, Peru’s exports were worth a total of US$ 24.159 million, representing 16.1% less than the same period last year, according to the Minister of Foreign Trade and Commerce, Magaly Silva Velarde-Álvarez.

The traditional sector experienced the greatest fall with a decrease of 19.2% compared to last year. Within traditional exports, mining fell 10.3%.

Non-traditional exports fell by 8.6% and were worth US$ 734 million when compared to the same period last year.

The only sectors to record positive results between January and September of this year were the nonmetallic mining and agricultural sectors.

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