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LatinNews Daily - 05 September 2018

In brief: Peru

Peru: The foreign trade & tourism ministry (Mincetur) has released figures showing that Peru’s exports were worth US$28bn in January-July, representing an 18% increase over the same period last year. Traditional exports were worth US$20.5bn, an increase of 18.4%, while non-traditional exports were worth US$7.4bn, up 17%. Mincetur head, Rogers Valencia Espinoza, hailed the latest figures, which mean that Peru’s exports have now seen 24 months of uninterrupted growth. Non-traditional exports such as fruit were strong performers, including a record-breaking figure of US$284m for mango exports primarily due to increased demand from Spain (87% increase), the Netherlands (53%), and the US (22%). Exports of other fruit such as grapes, blueberries, avocados, chestnuts, and bananas also increased, while other non-traditional exports including machinery (20.9%), fish (29.1%), and textiles (12.3%) showed strong growth too. In the traditional sector, mining exports increased by 19.7% off the back of good performances from zinc (up 34.8%), copper (26.3%), and gold (6.7%), while hydrocarbon exports increased by 33.9% due to increased demand for natural gas and crude oil.

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