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Peru's exports to US rose by 8.9% between 2009 and 2018

15
Nov '19
Pic: PR Newswire
Pic: PR Newswire
Peru’s economy has strengthened at a rapid pace over the last few years, with exports and tourism leading the way, according to its export and tourism promotion agency PROMPERU, which said an increasingly stronger trade relationship with the United States is driving that growth. The value of Peru’s exports to the US rose by 8.9 per cent from 2009 to 2018.

"We are proud to see the demand for Peruvian products continue to increase and achieve a high demand within the U.S. market," said Edgar Vasquez Vela, Peru's minister of trade and tourism.

Two of the most important growth sectors are agricultural products and textiles, with the combined growth within both sectors averaging 8.9 per cent between 2009 and 2018, representing $2.55 billion in exports from Peru to the United States. Textiles exports grew by 1.3 per cent during the same period, according to a press release from PROMPERU.

Currently, 89 per cent of Peru's merchandise exports is destined for countries with which it has trade agreements.

Fibre2Fashion News Desk (DS)


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