Peruvian exports grew to US $44.2 billion in 2017 and are expected to reach US $50 billion in 2018. In 2012, the exports achieved their best record yet: US $47.4 billion, as a result of extraordinary high commodity prices. Peru’s two leading export sectors today are mining (traditional products) and agriculture (non-traditional products). Mining includes many different metals, so even though it represents a traditional export, it is quite diversified. Copper is the largest export from Peru, followed by gold, a precious metal. Zinc, lead, molybdenum, silver and tin are some of the many other metals Peru exports.
A successful productive diversification policy has contributed to the increase in Peru’s non-traditional exports, especially in the agricultural, fishing, chemical and textile sectors. Agricultural exports have new leaders in fruits, such as table grapes, avocado, blueberries, mandarins, mangoes, organic bananas, to name only a few. Vegetables like asparagus, artichokes, onion and ginger are also important. Quinoa is a Super Food Peru, with exports continuing to grown and Peruvian manufacturers continuing to develop many value added presentations of it. Coffee and cacao are products grown in the warm weather regions of Peru and both offer conventional forms as well as specialty and organic varieties. Fisheries in Peru provide primarily fish oil and fish meal in the traditional exports group, but also are part of the non-traditional products, which include giant squid, shrimp, scallops, mahi mahi and many others, in an assortment of presentations.
The manufactured exports of Peru include textiles (with very fine garments made from Pima cotton, Alpaca and the epitome of luxury, Vicuna), timber and paper products, chemicals, fabricated metal products and jewelry, in addition to others.
Non-traditional products grew to more than US $11 billion in 2017 and are expected to further grow to US $13 billion in 2018. The export of services would increase from US $7.4 billion to US $8 billion in 2018. Tourism is the key sector there, with close to US $4 billion entering Peru. Other important services exported from Peru are contact centers, engineering, franchises and software development.