FocusEconomics: Peru’s Business confidence stable at beginning of 2019

17/02/2019

Peru’s business confidence indicator was stable at December’s 58.0 in January, the latest FocusEconomics’ LatinFocus Consensus Forecast report informed. This way, the business confidence remained comfortably above the 50-point threshold that separates optimism from pessimism, where it has been for almost two years. “A broad-based albeit limited improvement in short-term expectations offset an also broad-based […]

Peru: Non-traditional exports break records in 2018

17/02/2019

Peru’s non-traditional exports totaled US$13.214 billion in 2018 —setting a historical record— up 13% from the previous year, Central Reserve Bank (BCR) reported. According to BCR, this figure reflected the 10.8% expansion in sales volume abroad —underpinned by increased sales in farming, fishery, chemical, and textile sectors— and the 1.9% growth in average prices. Farming […]

World Bank: Improved business environment in Peru

17/02/2019

World Bank (WB) Director for Bolivia, Chile, Ecuador, and Peru Alberto Rodriguez on Tuesday affirmed Peru constantly undertakes efforts to improve its environment to do business. For that reason, the Andean nation always takes a leading position in the Doing Business ranking —an annual report published by the multilateral organization. “The Doing Business index measures […]

Peru: Agro and giant squid exports break records

10/02/2019

Peruvian agro-exports —which represent 12% of total shipments— reached US$5.86 billion in 2018, thus setting a historical record, Foreign Trade and Tourism Minister Edgar Vasquez informed Monday. As for tariff lines, 68 totaled more than US$10 million, the most representative ones in addition to blueberries, avocados, chestnuts (+39%), bananas (+13%), mangoes (+31%), and citrus fruits […]

Peru: Pisco production grew 12.8% in 2018

10/02/2019

Production Minister Raul Perez-Reyes on Friday affirmed Peruvian pisco production totaled 6.9 million liters in 2018, posting a 12.8% increase over the same period in 2017. “Pisco production has doubled in the last few years, and if we maintain such growth rate (12%), we will achieve this again in five years,” the official expressed. Likewise, […]

Peru exports hit over US$47.700 billion in 2018

10/02/2019

Peruvian exports totaled US$47.702 billion in 2018, thus expanding for the third consecutive year (+7.5%) and exceeding the historical record of 2012 (US$46.359), Foreign Trade and Tourism Minister Edgar Vasquez informed Monday. According to him, this outcome was mainly underpinned by an increase of non-traditional exports (+12.6%), especially from the agricultural (+15%), fishery (+26%), chemical […]

Peru President: Administration to deliver economically stabilized country

04/02/2019

President Martin Vizcarra affirmed his administration’s goal is achieving an economically stabilized country that improves Peruvians’ quality of life through solid measures against corruption and impunity. Likewise, the Head of State indicated that —on July 28, 2021— he will hand over the presidential sash to his successor relying on effective results in Health and Education […]

Chancay Port Terminal to boost economic development in Peru

04/02/2019

After having signed an agreement with Cosco Shipping Ports Limited (CSPL), Peruvian company Volcan affirmed that the total investment of US$3 billion in Chancay Port Terminal will boost economic development in the central-northern area of the Inca country. “The first stage of the project will be carried out in a 141-hectare area and with a […]

Peru: 2018’s second anchovy season borders 100% quota

04/02/2019

Anchovy capture’s quota —assigned in 2018— has almost reached the 100% rate. Thus, this fishing season is practically closed, Peru’s Production Ministry (Produce) has informed. In mid-November 2018, the second fishing season started in the Inca country’s central and northern sea areas. Plus, the total maximum limit for anchovy catches —intended for direct human consumption— […]

Fair industry in Peru generates US$5.6 billion annually

21/01/2019

Fair industry’s economic impact continued to grow over recent years, and related events generated US$5.6 billion in transactions and investments in 2018, according to statistics released by Peru’s Fair Association (AFEP). Likewise, fairs have created more than 30,000 direct and indirect jobs and drawn 1,800,000 attendees. “In 2016, we collected information from top fairs, and […]