Peru exports rise 31.1 percent in 2010 to record level

Peruvian exports recovered last year to record levels after seeing a fall in 2009 as a result of the global financial crisis, state news agency Andina reported.

Exports climbed 31.1 percent in 2010 to a record $35.4 billion compared to $26.7 billion in 2009 and $31.0 billion in 2008, according to tax agency Sunat.

Traditional exports accounted for $27.2 billion, up 33.1 percent from the previous year.

Oil and natural gas shipments abroad climbed 60.8 percent in value, while agriculture exports rose 53.1 percent, mining 31.2 percent and fishing 11.9 percent.

Mineral exports continued to play a central role, representing 61 percent of the total exports and 78 percent of traditional shipments.

The value of copper exports was $8.87 billion and gold was $7.74 billion

Non-traditional exports accounted for $7.64 billion, which represented a 23.6 percent increase over 2009.

In 2010, Peru exported 4,423 non-traditional products, which was 149 more than in 2009.

The United States was the main destination taking in 16 percent of Peru’s shipments, followed by China at 15 percent, Switzerland at 11 percent, Canada at 9 percent and Japan at 5 percent.

Exports to the United States grew 25.7 percent to $5.71 billion last year, with gold and refined copper among the main shipments.

Exports to China rose 32.6 percent to $5.41 billion with primary products like copper, fish meal, lead, and zinc among the main products.

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