Peruvian exports to US exceed $101 billion in 15 years of trade agreement
The head of Peru’s Ministry of Foreign Trade and Tourism (Mincetur), Elizabeth Galdo, highlighted the important results obtained after 15 years of the Peru-United States Trade Promotion Agreement, which has allowed diversifying Peruvian exports and increasing business opportunities for Peruvian entrepreneurs.
While participating in the commemorative event of this agreement, the head of Mincetur commented that the North American country is currently Peru’s second most important trading partner and the main destination market for non-traditional products, including agro-exports and the textile and apparel sector.
“Since the Agreement entered into force, we have witnessed 91% growth in Peruvian exports to the U.S. market, going from US$4.7 billion in 2009 to more than US$9.1 billion in 2023. In total, exports to the United States have reached US$ 101 billion in these 15 years, 51% of which correspond to non-traditional exports,” said Minister Galdo.
The U.S. Ambassador to Peru, Stephanie Syptak-Ramnath, highlighted that “This agreement has resulted in impressive growth. The breadth and quality of the trade relationship and the value added have created thousands of jobs. Exports to the United States create more than one million jobs.
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