Agro-exports from Peru notched 21.92% year-on-year (y-o-y) in 2024 thanks to price, volume and sector performance, echoing a stable 2023 run.
According to Agraria Peru on February 7, 2025, direct agro dispatches grew by 26.8% y-o-y while agro-food shipments soared 21.3%.
In dollar value terms, direct agricultural exports generated US$1.227 billion whereas agro-food dispatches brought US$11.198 billion.
All national exports across industries earned a cumulative US$74.664 billion, 15.5% above 2023’s equivalents.
In announcing the results, the Minister of Foreign Trade and Tourism Desilu Leon linked the growth to good internal performance across sectors. Mainstream agriculture, for instance, had an overall performance growth of 22% versus 24% for fisheries.
In its part, Peru’s Research Center for Global Economics and Business of the Association of Exporters (CIEN-ADEX) links export growth to prices.
Good rates of silver and gold buoyed industrial exports while high prices of cocoa and others upped direct agricultural export returns.
Some agro-exports however such as blueberries, mango, grapes and asparagus owed their net returns to ample volumes.
Blueberries surged 50% y-o-y in export volumes by November 2024, and generated over US$2.1 billion versus US$1.72 billion of 2023.
At roughly 80,311 tonnes per month (for November 2024), volume alone helped break even the blueberry sales. Average annual prices actually moved in the other direction by halving to $4.82 per kg vis-á-vis 2023’s US$8.92 per kg.
The sharpest net earner was raw cacao beans, which doubled in export value at a time when world prices were tripling.
Cocoa scooped US$1.189 billion between January and November 2024, having crossed the 100,000-tonne volume barrier.
This means shipment earnings grew by 203% versus the over US$400 million that they had generated through January-November 2023.
All fruits enjoyed 18% value growth while frozen/canned fish and scallops experienced 35% and 98.4% growth, respectively.
Thus, as the world was battling with inflation and deficits, agro-exports from Peru were cashing in through 2024. Below is further commentary on the story via statistics of the top agro-exports by the Andes country.
Statistics on Top Agro-Exports from Peru
As a major agricultural economy, Peru exports the following 5 major commodities:
Grapes: Peru is number one for exports of fresh grapes worldwide, at $1.34 billion, as of 2022. This according to the Organization of Economic Complexity (OEC).
Cocoa: after falling consecutively in 2016 and 2017 from $450 million in 2015, cocoa and cocoa derivates exports by Peru consolidated between 2020 and 2024. Sales recovered from $273 million in 2020 through $432 million in 2023 to $1.189 billion in 2024.
Fish: fish was the 6th biggest national export in 2023 at $1.4 billion or 2.1% of the country’s total exports. In 2024, frozen/canned fish and scallop shipments were up by 35% and over 98%, respectively.
Coffee, tea and spices: as a major producer of coffee, tea and spices, Peru earned $1.14 billion in combined exports in 2023. This export group ranked as the 8th biggest national export that year.
Blueberries: in 2023, Peru exported $1.72 billion in blueberries at first position, globally. This value grew to US$2.1 billion a year later between January and November 2024.