403
Sorry!!
Error! We're sorry, but the page you were
looking for doesn't exist.
Peru’S Export Surge: A Mid-Year Economic Lifeline
(MENAFN- The Rio Times) From January to July 2024, Peru's exports grew by 11.8%, Minister of Foreign Trade and Tourism, Úrsula León, reported.
This surge peaked in July with a 36.8% increase, pushing total export revenue to $40.014 billion, according to Mincetur data.
Key growth sectors included metallic mining, which contributed $3.084 billion, agriculture at $889 million, and fisheries adding $286 million.
Gold stood out in the mining sector, generating $2.466 billion from increased volume and price. However, copper exports, the country's primary export product, saw only a 0.2% rise.
Over these seven months, the number of exporters in Peru increased to 7,755, marking a 5.1% growth from the previous year. Agricultural exporters made up 30% of this total, with miners accounting for 16%.
From August 2023 to July 2024, Peruvian exports reached 181 international markets. Asia was the largest market, capturing 52% of total export value.
The Americas followed with 31%, and Europe with 16%. China was the top destination, receiving 35% of these exports.
Other major markets included the United States (13%), the European Union (11%), Canada (5%), and India (5%).
Minister León emphasized China's role as the leading buyer of Peru's minerals and fishery products, purchasing 51% and 47%, respectively.
This robust performance highlights how vital exports are to Peru's economic strength, supporting job creation and demonstrating the impact of strategic market expansion.
This surge peaked in July with a 36.8% increase, pushing total export revenue to $40.014 billion, according to Mincetur data.
Key growth sectors included metallic mining, which contributed $3.084 billion, agriculture at $889 million, and fisheries adding $286 million.
Gold stood out in the mining sector, generating $2.466 billion from increased volume and price. However, copper exports, the country's primary export product, saw only a 0.2% rise.
Over these seven months, the number of exporters in Peru increased to 7,755, marking a 5.1% growth from the previous year. Agricultural exporters made up 30% of this total, with miners accounting for 16%.
From August 2023 to July 2024, Peruvian exports reached 181 international markets. Asia was the largest market, capturing 52% of total export value.
The Americas followed with 31%, and Europe with 16%. China was the top destination, receiving 35% of these exports.
Other major markets included the United States (13%), the European Union (11%), Canada (5%), and India (5%).
Minister León emphasized China's role as the leading buyer of Peru's minerals and fishery products, purchasing 51% and 47%, respectively.
This robust performance highlights how vital exports are to Peru's economic strength, supporting job creation and demonstrating the impact of strategic market expansion.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Most popular stories
More Story
Comments
No comment