Peru intends to become model country for solar energy investments

26/11/2019

Prime Minister Vicente Zeballos affirmed that Peru seeks to become a model country for attracting investments in solar power generation projects. «We want to become a model country and a Latin American benchmark for investments in solar energy,» Zeballos said during the inauguration of the Sun World 2019 event, which takes place at Lima Convention Center from […]

Peru ranked first in macroeconomic stability in WEF’s global competitiveness report

26/11/2019

Peru is one of the leaders in macroeconomic competitiveness according to the latest World Economic Forum’s (WEF) Global Competitiveness Report, said Miguel Jaramillo, senior economist at the Private Council on Competitiveness. It must be noted Peru scored 100 in the macroeconomic stability pillar, which puts it in first place along with other 32 countries. According to Jaramillo, this […]

Lima, Cusco SMEs export products via e-commerce to U.S.

26/11/2019

Twelve small and medium-sized companies from the Peruvian cities of Lima and Cusco made their first shipment of products to the United States —via e-commerce— for a value of US $200,000, Peru’s Exports and Tourism Promotion Board (PromPeru) has reported. In this first shipment, SMEs sent natural products such as snacks, beverages, dried fruits, chocolate, coffee, alpaca […]

Peru’s superfoods shine at Europe’s largest wholesale food market

26/11/2019

Peruvian superfoods were exhibited at the symbolic Grand Palais in Paris for the 50th anniversary of the iconic Rungis, the largest wholesale market for fresh produce in the world, Peru’s Exports and Tourism Promotion Board (PromPeru) has reported. The Peruvian delegation included five companies, whose products were featured in a strategically located booth that caught the eye of more than […]

Peru: Blueberry exports likely to exceed US$700 million in 2019

26/11/2019

The Peruvian Agriculture and Irrigation Ministry (Minagri) has projected that blueberry exports may exceed US$700 million at the end of the current year. In the January-October 2019 period, blueberry shipments to international markets reached US$538 million (73,866 tons). During the last five years, said exports experienced exponential growth. In 2018, 73,903 tons of blueberries were exported for a FOB […]

Fresh grape exports expanded 18% in Jan-Aug 2019

24/10/2019

Peruvian fresh grape exports totaled US$361 million between January and August 2019, thus increasing 18% compared to the same period last year, Lima Chamber of Commerce (CCL) informed on Wednesday. According to CCL’s Foreign Trade Center (CCEX), this outcome positions the Inca country as the third-largest fresh grape exporter in the world. CCEX Manager Monica Chavez indicated that this rise […]

U.S. main destination for Peruvian guinea pig meat exports

24/10/2019

Peru is the major exporter of guinea pig meat in the world, accounting for 71.3% of the total, according to «Potential of Guinea Pig Meat Market 2019,» a study conducted by the South American country’s Ministry of Agriculture and Irrigation (Minagri). The report indicates that the main destination for guinea pig meat is the United States […]

Country risk down to 125 basis points

24/10/2019

On October 9-16, Peru’s country risk indicator —measured by the EMBIG Peru spread— fell from 129 to 125 bps, the Central Reserve Bank has reported. In the same period, the EMBIG LatinAmerica spread fell 12 bps to 458 bps amid better prospects for the trade negotiations between China and the United States. On September 16, […]

Peru: Northern Macroregion farming exports up 11% in 1H 2019

09/10/2019

Peru’s Northern Macroregion farming exports increased 11% to US$1.099 billion in the first half of 2019, privately-run Perucamaras has reported. According to Perucamaras, this sector had the second-highest share in the northern area’s export structure. The main exported products were avocados (US$243 million, +23.8%) and mangoes (US$142.9 million (-10.8%). They were followed by animal feed (US$94.8 million, -3.1%), bananas (US$83.8 […]

Peru: Mining, hydrocarbon sector rose 4.15% in August 2019

09/10/2019

Peruvian mining and hydrocarbon sector’s production expanded 4.15% in August 2019, underpinned by the hydrocarbon sub-sector (+38.20%), National Institute of Statistics and Informatics (INEI) informed Tuesday. However, the metallic mining sub-sector decreased 0.35%. It should be noted the hydrocarbon segment recorded the highest rise so far this year in August. It was boosted by a greater […]