Peru remains one of world’s best performing economies in the last decade with its GDP (Gross Domestic Product) reporting positive rates in 2022 despite exchange rate fluctuations. Peru is also one of the main destinations for U.S. agricultural exports in South America with a total of over $955 million in exported agricultural products between January and November 2022. Reports also show over $255 million in processed foods exported to Peru in that period.
Peru’s food processing industry accounts for almost 28% of the industrial GDP and the gross value added reached $9.1 billion by the end of 2021. This growth is directly linked to the developments in the food retail and food service sectors. Food service operations have been restored since 2020 and continue to develop given more payment options, the expansion of delivery services, and the return of patrons to restaurants. Peru’s modern food retail sector was projected to grow by 5.3% in 2022 as consumers reverted to pre-pandemic purchasing habits and investors directed their efforts to enhancing e-commerce services, store formats, and discount campaigns to encourage sales.
The United States-Peru Free Trade Agreement (PTPA), implemented in 2009, eliminates tariffs and removes barriers to U.S. services. The agreement provides a secure legal framework for investors, and protects intellectual property, workers, and the environment. Under the PTPA, more than two-thirds of current U.S. farm exports became duty-free, increasing opportunities for U.S. agricultural exports to Peru. Tariffs on most U.S. farm products will be phased out within 15 years, with all tariffs eliminated by 2026.
U.S. Food & Agricultural Product Imports to Peru, By the Numbers
U.S. Agricultural Products – US$957 million (2022)
U.S. Processed Foods – US$255 million (2022)
Updated export data from US-Peru 2022 (Jan/Nov) (Source GATS)
Due to the nature of the global pandemic and its impact on international travel, please consider resources such a www.travel.state.gov when determining if this event is appropriate for you or your company.
Register by the early deadline and receive each mission for only $325. After the early deadline, receive each mission for only $525.*
*Registration for both missions must occur on the same transaction to be eligible for the discount. If one of the mission registrations is cancelled, the discount is forfeited for the remaining mission.
Focused Trade Mission Services Provided
One-on-one meetings with qualified buyers
Pre-event custom product research including market overview, importation and distribution analysis
Market briefing by local USDA, Foreign Agricultural Service
Retail store tour
Translation of up to two pages of materials into local language
Table top showcase and trade reception
Inclusion in Trade Mission brochure containing your company profile, contact details and product lines
On-site assistance by Food Export’s In-Market Representative
Identifying top leads
August 2: Arrival
August 3: Market Briefing, Retail Store Tours, One-on-One Meetings with Qualified Buyers
August 4: One-on-One Meetings with Qualified Buyers, Trade Reception Lunch, Departure
Our educational webinars provide up-to-date exporter intelligence regarding specific markets, logistics, trade financing, documentation, how to meet and follow-up with international buyers, and much more.
Food Export–Midwest and Food Export–Northeast prohibits discrimination in all its programs and activities on the basis of race, color, national origin, religion, sex, gender identity (including gender expression), sexual orientation, disability, age, marital status, familial/parental status, income derived from a public assistance program, political beliefs, reprisal or retaliation for prior civil rights activity. (Not all bases apply to all programs.) Persons with disabilities who require reasonable accommodations or alternative means of communication for program information (e.g., Braille, large print, audiotape, American Sign Language, etc.) should contact us. Additionally, program information may be made available in languages other than English.
To file a program discrimination complaint, complete the USDA Program Discrimination Complaint Form, AD-3027, found online https://www.ascr.usda.gov/filing-program-discrimination-complaint-usda-customer.
Food Export–Midwest and Food Export–Northeast reserve the right to deny services to any firm or individual which, in the sole opinion of Food Export–Midwest and Food Export–Northeast, does not comply with FAS, MAP or Food Export–Midwest and Food Export–Northeast regulations or policies, or otherwise offer the best opportunity to achieve its mission of increasing food and agricultural exports. Submission of any false or misleading information may be grounds for rejection or subsequent revocation of any application or participation. Food Export–Midwest and Food Export–Northeast are equal opportunity employers and providers.