Peru has demonstrated remarkable economic resilience and global market expansion in 2024, with total exports rising to USD 74.7 billion, a substantial 15.6% increase from the previous year. This robust growth underscores the nation's strategic approach to international trade and its emerging role as a competitive global supplier.
The most significant development lies in the performance of non-traditional exports, which increased by 11.3% to USD 20.6 billion. This sector's growth is particularly notable, representing a dramatic improvement from the modest 1.6% expansion observed in 2023. The United States remained the primary destination for these exports, receiving USD 6.6 billion, a remarkable 15.9% increase.
China emerged as the leading export market, purchasing USD 25 billion of Peruvian goods, representing a 9.2% increase. The United States and European Union followed, importing USD 9.5 billion and USD 8.2 billion respectively, with the latter showing an impressive 19.1% growth.
Agribusiness has been a pivotal driver of this export surge, generating USD 11.6 billion with a substantial 21.6% increase. Standout agricultural products included blueberries, which saw a 36% export growth, avocados at 29.5%, and an extraordinary 257.5% increase in cocoa exports. These figures position Peru as a global leader in agricultural exports, ranking first in blueberries, asparagus, grapes, quinoa, and fishmeal.
A critical factor in Peru's export success has been its strategic trade agreements. Currently, 22 such agreements enable Peruvian products to access international markets under preferential conditions. In 2024, exports conducted through these agreements totaled USD 64.99 billion, representing 87% of total exports—a testament to the effectiveness of diplomatic and economic negotiations.
The metallurgy and metalworking sectors have also demonstrated significant expansion, further diversifying Peru's export portfolio beyond traditional agricultural commodities. This diversification signals a maturing economy with increasing technological sophistication and value-added production capabilities.
Looking forward, the Commission for Promotion of Export and Tourism (PROMPERÚ) aims to continue strengthening the internationalization of Peruvian companies, promoting market diversification, and expanding the presence of high-value-added products internationally. The ultimate goal is to ensure sustainable and inclusive economic growth that benefits multiple regions and productive sectors across the country.
