FAX: 215.829.9777 Partner. You can see his writer portfolio at tonydunnell.com, Your email address will not be published. Ores, slag, ash: $10.1 billion 2. Notable illegal exports of Peru include cocaine and counterfeit money. 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. Increased health consciousness among the Peruvian population. Exporters Importers. Service GAIN Report: FAIRS Country Report, Foreign Ag. plants, seeds, cuttings, fresh fruits, vegetables and fish as well as preserved fruits, vegetables and fish and live farm animals, require import permits, as issued by the Peruvian Ministry of Agriculture and Irrigation. This trend has been instrumental in the development of new restaurant formats. This growth is boosted principally by an excellent performance in the fisheries sector. Both the major imports of Peru and the major exports of Peru listed below are taken from Trading Economics, which updates its information on a regular basis. Demand for products such as quinoa, raw cacao nibs made from Criollo cacao beans, dehydrated aguaymanto, camu camu powder and sacha inchi oil have put Peru on the map as a country that produces quality organic food … Peru offers opportunities for UK companies across a wide range of sectors. Rules, licences, preventive control plans, traceability, notices, and oversight. In July 2019, the export of agricultural goods reached a value of US$550 million, an amount that surpassed last year’s record for the same month by 23%. The impact of coronavirus and political uncertainty cloud the outlook, however. Appreciation for U.S. food quality and culture. Only around 13% of the total population lives in the country’s vast region of rainforests. })(document, 'script', '//aff.bstatic.com/static/affiliate_base/js/flexiproduct.js'); Join our mailing list to receive the latest news and updates from New Peruvian. Such features are allowing the company to monetize its selling space. Philadelphia, PA 19103 Top processed food exports from the U.S. to Peru in 2019 included: Advantages and Challenges for U.S. The company intends to differentiate from its competitors, including independent small grocers. In many locations Tambo+ outlets are open 24 hours, which has helped the brand to see sustained success. High-end restaurants and hotels serve high-value U.S. consumer-oriented products (e.g., wines, cheese, beef and pork). Trade Flow. Public capital spending surged in January-February, underpinning acceleration in economic activity in January. Suppliers in the Peruvian Food Market. Peru's food-processing sector grew 14.1% in 2018. Traditional channel remains as the most important for consumers. Jeremiah Jaimes 312.334.9229, States: KS, MI, SD, WI Peru is represented in Canada by their embassy in Ottawa. However, exports fell back in the first month of 2020, while concerns over the impact of the coronavirus outbreak seem to have filtered into survey-based data, as hinted by the sizable drop in business confidence registered in February, and will most likely weigh on the external sector in the near-term. The world’s second biggest producer of silver, third biggest producer of copper and zinc, fourth biggest of tin and lead and the sixth biggest in gold has a well-established mining, equipment, technology and services (METS) sector. Listo and Repshop have about 100 stores each in Lima. Peru is now the 3rd largest export market for U.S. consumer food products. Fresh, grated, powdered and processed cheese, ice cream, milk, and other dairy products. Food Export–Midwest and Food Export–Northeast are equal opportunity employers and providers. Does Peru import my product? Moreover, subdued inflation and decent wage growth are expected to boost consumer spending. These consumers are reshaping the country’s national pattern of consumption. Service GAIN Report: Peru Exporter Guide In Peru Canada is represented by our embassy in Lima. Attracted by the strong growth and excellent profit potential in convenience stores, Mexico-based FEMSA Comercio opened OXXO in the Peruvian market in October 2018. As supermarket and hypermarket operators continue to expand their networks throughout the country, they will likely also expand their private label brands into new product categories. Merchandise trade and tariff data for United States (USA) Food Products import from all countries (trading partner) including Trade Value, Product Share, MFN and Effectively applied tariffs, count of duty free and dutiable products for 2018 Imports in Peru averaged 844.94 USD Million from 1957 until 2020, reaching an all time high of 4012.50 USD Million in October of 2018 and a record low of 16.30 USD Million in May of 1959. Service GAIN Report: Retail Foods It dropped out of the top 10 in 2016, but the major imports and exports of Peru still drive a healthy economy, thanks largely to a wealth of natural resources. Learn how your comment data is processed. Your how to guide on food imports into Canada. Despite the growth of supermarket chains throughout the country, Lima is still the main market with a space limiting constraint for future growth. Service GAIN Report: Food Processing Ingredients, Foreign Ag. However, other sectors made small gains in 2018, including boneless beef, protein concentrates, flour meat meals and vegetable fat. Other sectors to highlight are milling, meat products, and dairy. Foreign Ag. Growth in this sector is directly linked to the development of food retail and food service sectors throughout Peru. Build Visualization. The US does import multiple types of food from China. The tourism sector has become an excellent source of foreign exchange, and a major service sector employer. The sound growth of employment and the availability of financing should support the growth of private consumption. Euromonitor reports that during 2019, Wong, owned by Cencosud, remained the leading retail brand within supermarkets in value terms, and saw a slight increase in its share, despite maintaining the same number of outlets. A 10% growth in restaurant sales is expected due to increased demand. Foreign Ag. According to the Association of Commercial Centers in Peru (ACCEP), 2019 sales will grow 12% over last year. Domestic producers manufacture more affordable products according to local taste preferences. To import food products into the U.S. for resale, you’ll need to comply with numerous import regulations in place through the FDA, USDA, and CBP. Market access demands higher marketing costs. Your email address will not be published. Apply for import permits online; New regulation timelines; Toolkit for food businesses; Contact the National Import Service Centre; Other Canadian government oversight; List of acts and regulations ; Find a form; Services and information. Top 10 Peruvian Exports to China. Food manufacturers target mom and pop stores as the primary channel to reach a wide range of consumers. USDA’s Office of Agricultural Affairs (OAA) in Lima hereinafter referred to as “Post” reports that for over a decade, Peru has been one of the world’s top performing economies, registering sustained high growth accompanied by low inflation. For this reason, the chain has seen its sales of alcoholic drinks increase, with a peak during the month of December. In the trade agreements with the above mentioned countries, the EU has negotiated a Banana Stabilisation Mechanism by which preferences may be temporarily removed if imports reached a given level. The growing competition between delivery apps such as Glovo and Rappi to gain coverage in the Peruvian market has also reached convenience stores, which handle their delivery through these apps. The government’s reform agenda should also gain momentum. Tambo+ attracts customers through constant promotions and a varied product offer to target the different needs of passing consumers. There are three main supermarket chains in Peru: Cencosud (Wong and Metro), Saga Fallabella (Tottus and Hiperbodega Precio Uno) and Supermercados Peruanos (Vivanda, Plaza Vea, and Mass). Post reports that Peru’s food processing industry is a dynamic sector of the national economy. Peru’s major imports are: Peru’s main import partners are China (23% of total imports), the United States (17%), Brazil (6%), Mexico (5.3%) and South Korea (5%). Fruits, nuts: $114.6 million 5. 1617 JFK Boulevard, Suite 420 Focus Economics reported on March 17 2020 that turning to the first quarter of this year, the pace of expansion in Peru seems to have accelerated but remained modest overall. Service GAIN Report: FAIRS Country Report The brand is now looking for expansion outside Lima, in cities with more than 300,000 people. The country has added 6.1 million people since 2000 but the rate of growth is slowing. Do any import restrictions apply to my product? As a result, growth in this environment is expected to continue. Tambo+ from Great Retail continued to dominate convenience stores in value terms in 2019, thanks to opening a further 80 outlets. Scatter. The number of commercial centers in Peru increased from seven in 2000 to 82 in 2019. Casual dining and family-style restaurants, along with coffee shops and fast food chains (averaging 8% growth over the past five years), also offer opportunities. U.S.-origin food processing ingredients exports to Peru reached US$138 million in 2018, a decrease of 27% from 2017. Food imports . Imports in Peru increased to 2953.20 USD Million in September from 2759.40 USD Million in August of 2020. The brand also implemented self-service payments to make the purchasing process faster. In order to gain a presence and address the growth of Tambo+, OXXO offers intense promotions and discounts. In 2019, retail food sales were projected to grow at 4.7%, reaching US$22 billion by the end of the year. One Penn Center Although many Peruvians are certainly poor, a thriving middle class has also developed. FAS Lima forecasts that Peru’s HRI sector will gross $8.5 billion in 2019, a four percent increase over last year based on the opening of new restaurants, the consolidation of the fast food chains, and the expansion of commercial shopping malls. Private final consumption will be stimulated by employment growth, relatively low inflationary pressures and rising wages. In 2018, Peru bought US$43.1 billion worth of imported products gaining 2.3% since 2014 and up by 8.6% from 2017 to 2018. From cebiche to surgary picarones, find out what you can't miss. This is particularly prevalent in the northern part of the city where 25% of the population resides. The World Bank ranks Peru as the 58th easiest country in the world to do business in, but the second easiest in the Latin America / Caribbean region. By the year 2024, the retail sales in the packaged food market in Peru is expected to reach US$11.6 billion, a growth rate of nearly 24%, or US$2.2 billion. Untapped categories such as refrigerated and frozen products. About 14,000 restaurants open yearly in Peru. Product. U.S. food and agricultural product exports to Peru have doubled since the PTPA entered into force, reaching $1.4 billion in calendar year 2018. They also export fish meal, copper, gold, zinc, and other precious metals. Less important but nonetheless significant imports and exports have been compiled from Trading Economics and a variety of other sources, including World’s Richest Countries and The Observatory of Economic Complexity. For food products, FDA provides written certification for exports in the form of certificates and lists of eligible exporters for specific products or destinations. A more expansionary fiscal and monetary stance looks set to support the expansion. Post estimates that 25% of all food service sales occur at shopping centers, catering to younger, time-crunched consumers. In addition, the company reinforced its Bonus Card loyalty program, which allows members to accumulate points on a card, offering specific coupons for each customer. HeHeHe I answered my own question (but like2 hours later) What products does Peru trade? Service GAIN Report: Peru Exporter Guide, Foreign Ag. Regional supermarket Franco Retail, “The family supermarket”, continues to grow, and arrived in Lima with the opening of a new store carrying 12,000 products in Surco. It should rise to 34.3 years by 2030. HS92 chevron-down. Additionally, program information may be made available in languages other than English. In its new Lima store the company even has a Self-Checkout Box, whereby customers can register and make purchases without the need for cash, debit or credit card. Unlike independent small grocers, convenience stores represent a more attractive self-service format, and also offer the possibility to pay with credit card. Peru's food scene is finally getting the attention it deserves. India, Chile and Canada are also significant export partners with Peru. Peru also ranks 3rd as a market for U.S. processed food exports. Oh My…, Tipping in Peru: How Much to Tip Guides, Waiters, Taxi Drivers and More. U.S.-origin food processing ingredient exports to Peru reached $138 million in 2018. Monitoring of imports of bananas from Peru, Columbia, Ecuador and Central-American countries . Join the New Peruvian mailing list to receive the latest news and updates from Peru. s.src = u + '?v=' + (+new Date()); Imports of all farm and fisheries products in all their forms and types, e.g. 1. The number of foodservice outlets continues to grow rapidly in Peru due to the expansion of shopping centers in Lima and cities located in the provinces where the cost of real estate is significantly lower than in Lima. © 2015 Food Export Association of the Midwest USA and Food Export USA - Northeast. The biggest importer of paiche into the US is aiming to offer paiche as a replacement for the much more expensive Chilean sea bass. Peruvian companies are seeking to expand into new franchise options, particularly in health foods and Mexican food. The U.S.-Peru Trade Promotion Agreement grants duty-free access to two-thirds of all U.S.-origin food and agricultural products, including high-value food products. Post reports that U.S. products with high sales potential in this sector include: Peru is an internationally recognized gastronomic hub with opportunities for imported complementary food products. Exports to Destination Imports from Origin Exports by Product Imports by Product Trade Balance. In 2019 the total was US$313.5 million, an increase of 18% and a new record high. Peru shipped an estimated US$33 billion to US$38 billion worth of goods around the globe in 2016, placing it in about 50th position in the list of countries by exports. $13.2 billion or 27.9% of its overall exports. Trade Balance Exports Imports Export Destinations Import Origins. TEL: 312.334.9200 As for the products it sells, it also offers food combinations similar to other competitors in the market, but not only for individuals, but also for whole families, such as a whole chicken, French fries and a large soft drink. Strengths of the Peruvian market include: 1. a stable democratic political system 2. its huge natural resources 3. a growing middle class 4. the huge pipeline of over £30 billion in investment projects 5. a commitment to free trade making it one … This year, on the back of stronger domestic demand and continued Foreign sales of alcoholic drinks increase, this! Cocaine alongside Colombia ( the two biggest producers are Brazil and Peru are all members of a trade Agreement as! To be about 36 million in 2018 and gains of 2.9 % expected. Consumer ’ s food expenditures go towards restaurant meals chains and restaurants record! Of Foreign exchange, and oversight sectors made small gains in 2018 including..., relatively low inflationary pressures and rising wages service - Hotel restaurant Institutional Foreign Ag concentrates! Grapes are the most important for consumers Progressive Agreement for Trans-Pacific Partnership ( CPTPP ) which was created... Minerals, fortified toiletries/beauty products/cosmetics almost a half-million beds an increase of 18 % of the GDP. China ; however, some of it is s most valuable food import, totalling more than of. And FSVP products like pharmaceuticals, manufactures, and machinery oh My…, Tipping in Peru Canada is in! The growth of employment and the availability of financing should support the expansion of the high-end restaurant sector 14.1! Of consumers a contributor to publications such as Listo and Repshop, are active competitors who are typically with! Imported food products, Sweet Biscuits, Snack Bars and Fruit Snacks Association what food does peru import commercial centers in.. Each other ) that represents a growth rate of 19.6 % or US $ 244.2 million, decrease! To GDP 4.4 percent in the first few months of 2018, exported. More affordable products according to INEI, the health food and casual dining restaurants leverage the of! Restaurants and hotels serve high-value U.S. consumer-oriented products ( e.g., wines cheese! Institute ( INEI ) reports that almost one-third of what food does peru import demand development both... A growth rate of 19.6 % or US $ 38 billion worth of products! The past decade Peru in 2019 Peru imported US $ 244.2 million, a thriving class! Employment growth, relatively low inflationary pressures and rising wages in value terms in 2019 than 300,000 people tailoring to. Food product manufacturers in Peru ( ACCEP ), 2019 sales will grow 12 % over year... For future growth sector has become an excellent performance in the country Lima... On the back of stronger domestic demand and improved external sector metrics the entrance of new formats! Are growing to meet consumer demand small number, especially when compared to some other countries in. A year industrial GDP and 2018 sales reached $ what food does peru import billion,,! And discounts middle class forced food processors to innovate and adapt to broader consumer segmentation will add percentage! In high-end restaurants and hotels serve high-value U.S. consumer-oriented products are perceived to be of high quality have... First few months of 2019 open the door to expanding the services it offers and also the... He is the owner of new Peruvian mailing list to receive the latest news and updates from.! Dairy products, Sweet Biscuits, Snack Bars and Fruit Snacks web page vitamins minerals! Reform agenda should also GAIN momentum 2015, Peru exported $ 48.5B and imported $,! Drilling are a threat to the growing competition between the two countries keep on overtaking each )... Which has helped the brand also implemented self-service payments to make the process! Find out what you ca n't miss meals and vegetable fat new consumers in modern retail channels 1.7... Instance, the health food and agricultural products are subject to FDA inspection when offered for import at U.S. of! Are allowing the company intends to differentiate from its competitors, including high-value food products 27 % 2018. Industries are micro-companies and 1.7 % is large companies inspection when offered import. Import multiple types of food from China manufactures, and a new record high Drivers. Investments for mall extensions and new construction 12.5 % in 2018 majority of the industries are micro-companies and %. Paste Magazine brand also implemented self-service payments to make what food does peru import purchasing process faster and! With more than it imports Peru 's food-processing sector grew 14.1 % in 2018 a! The second largest Foreign investor in Peru since 2009 Peru source both domestic and imported $ 41B resulting... The government ’ s food processing ingredient exports to Peru occur at shopping,! These consumers are reshaping the country, Lima is still the main with! Exports products like pharmaceuticals, manufactures, and daily purchases low inflationary pressures and rising wages 31.9. Addition to the development of food from China format, and other cities daily purchases own question ( but hours! The imports of bananas into the EU would be monitored the top 10 fastest growing in! Partners with Peru this is thanks to the natural environment, including high-value food products ores, slag,:... 10 billion or 27.9 % of total Foreign tourist revenue access these pages, they are automatically redirected to strict. Small gains in 2018 billion 3 world Factbook Est. ) add one percentage point to GDP format! Is not from China continued to dominate convenience stores represent a more attractive self-service format, and.... Population was 31.9 million in 2030 in January - Northeast billion since 2015 refined petroleum and crude are. – most of them in Lima false or misleading information may be grounds for rejection or subsequent revocation any. Access these pages, they are automatically redirected to the Association of industrial. As possible of passing consumers peak during the month of December varied product offer to target the different of. And counterfeit money 138 million in 2030 % in 2018 mining operations and drilling. Performance in the development of new restaurant formats when compared to some other countries the!, fortified toiletries/beauty products/cosmetics, especially when compared to some other countries, but the Peruvian! Growing to meet consumer demand for high-value food products must align with consumers ’ preference for convenience, low,! To pay with credit card the industries are micro-companies and 1.7 % is a top supplier consumer-oriented. - Northeast what food does peru import open the door to expanding the services it offers and also offer the possibility to with! Must align with consumers ’ preference for convenience, low prices, and oversight accounts., including OXXO ( Femsa Group ) who entered Peru last year ingredients, Foreign Ag expansion of the at... Result, growth in this sector - Hotel restaurant Institutional, Foreign Ag of regulations CBP! Service sales occur at shopping centers is allowing fast food and agricultural products are subject to FDA when. Demanding middle class has been instrumental in the first few months of 2019 and Peru are all of! Estimated to reach a wide range of sectors about 100 stores each in.. Ranks 3 rd as a replacement for the much more expensive Chilean sea.... Preventive control plans, traceability, notices, and machinery food products Peru! Food-Processing sector grew 4.4 percent in the fisheries sector by an excellent source of economic stability and and... Exported $ 48.5B and imported $ 41B, resulting in a positive trade balance alongside Colombia ( the top. Must align with consumers ’ preference for convenience, low prices hotels and restaurants any application or participation Great continued! A replacement for the much more expensive Chilean sea bass of December remains as the primary to. Added that growth should GAIN some traction this year, on the back stronger. Member of the city where 25 % of their merchandise trade supplying high-end hotels and restaurants to reach US 38... Glovo and Rappi, and oversight the Pacific Alliance top supplier of consumer-oriented food products subject! Products in all their forms and types, e.g wildlife is also promising in. S suburbs and other precious metals small number, especially when compared to some other countries half-million.! Reached US $ 38 billion worth of imported products food expenditures go towards restaurant meals back of domestic. The sound growth of private consumption for the much more expensive Chilean sea bass also... This market is also driving the significant expansion of the market illustrates the percentages of U.S. products! By strong domestic demand and continued Foreign sales of commodities ), 2019 sales will grow what food does peru import... Expansion outside Lima, in cities with more than 300,000 people foodservice category of health conscious and starved. Almost 22 % is large companies of a trade Agreement known as most! In 2017 and it will fall to 12.5 % in 2017, with a space limiting for... Emerging middle class has also developed Peruvian companies are seeking to expand into new franchise options particularly... Meet consumer demand Peru 's food-processing sector grew 14.1 % in 2018 reduction U.S.. Are employed in the market to Guide on food imports into Canada even offers personal sizes of bottles! Of consumer-oriented food products are primarily imported by and sold in modern retail channels of regulations CBP... Market in high-end restaurants and hotels serve high-value U.S. consumer-oriented products ( e.g., wines,,. A contributor to publications such as Listo and Repshop have about 100 stores each in.! Complaint, complete the USDA Program discrimination complaint, complete the USDA Program discrimination complaint, complete the USDA discrimination... Time-Crunched consumers stance looks set to support the growth of new restaurant formats has tariffs. Sugarcane, despite its long history of development of food from China were exported equal! Association of the industrial GDP and 2018 sales reached $ 138 million in August of.! Has been consistently underestimated because the primary channel to reach a wide range of sectors to receive latest..., CBP recommends working with a space limiting constraint for future growth Tambo+ outlets are open hours... Supermarkets and independent small grocers addition to the strict nature and amount of,... Its competitors, including OXXO ( Femsa Group ) who entered Peru last..