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Weekly Report - 27 February 2020 (WR-20-08)

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TRACKING TRENDS

PERU | Exports. Peru’s President Martín Vizcarra revealed on 20 February that Peru reached a historic record in non-traditional exports in 2019, mainly linked to the fishing and agro-export sectors. Vizcarra said it was quite a feat given “global uncertainty and tensions”.

Exports reached a total of US$45.98bn, of which US$13.79bn were non-traditional, an increase of 4.1% on the previous year. Peru became the world’s biggest exporter of blueberries in 2019 as well as asparagus, and the second largest exporter of mandarins, cuttlefish, and scallops.

According to Peru’s association of exporters (Adex), shipments of fruits and vegetables increased by 10.8% and 2.9% respectively in 2019. Fruit exports amounted to US$3.54bn, with grapes leading the way, making up US$875m, 25% of total fruit exports, closely followed by blueberries, which increased by 51% on the previous year to US$825m.

There are concerns, however, that exports could be affected in 2020 by the coronavirus outbreak in China, which is Peru’s number one destination for fruit exports.