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Spain, Italy and Netherlands represent 64% of Peru's exports to EU

(LIP-do) -- Peruvian exports to the European Union (EU) reached 1.12 billion dollars in the first quarter of the year, while 64 percent of which were concentrated by Spain, Italy and Netherlands. These percentage are bigger than the 46 percent reported in the same period last year, said the Exporters' Association (Adex) reported.
 
The high concentration of these three countries was driven by their imports of Peruvian minerals: copper and zinc in the case of Spain; copper and lead, in Italy; and copper and molybdenum, in the Netherlands.

However, no one can deny the relevance of non-traditional products such as asparagus, piquillo pepper, giant squids, squids and paprika (Spain); giant squids, squids and t-shirts (Italy); and mangoes, asparagus, carburettors, grapes and bananas (Netherlands).

The exporters' association also reported that exports in the first quarter to that trading union (US$ 1155 million 595 thousand) were 22% more than the same period last year, when the amount was US$ 943 million 626 thousand.

The number of destination countries reached 27, led by Spain, which represented 25% of the total (US$ 290 million 125 thousand), followed by Italy, with 22% , and Netherlands, with 17%.

It should be mentioned that these three countries had a positive growth that enabled them to increase their level of participation in the total. Spain grew by 76%, Italy did so in 80%, and the Netherlands in 47%.

Other countries also showing positive rates, even though their participation is not very significant, are Romania (158%), Hungary (106%), Austria (228%), Cyprus (85%) and Malta (4213%). The new market was Slovakia.

Adex participated with a booth at the Business Round of the First EU-LAC Investment and Business Round Forum to be held on May 16 at the Country Club.

The booth will promote the contact of our partners with foreign visitors, the image of our country and the strategic alliance in sectors such as mining and energy, infrastructure and agribusiness.

News Source: Andina

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# Tadeo Vitko says :
19 May, 2008 [ 17:33 ]

It is time for Peru to begin manufacturing products and not just exporting raw materials. Peru will never become a developed country unless it sets clear objectives with the first world economies to begin producing finished products based on the raw materials it exports. Manufacturing not only gives added value to the raw material, but creates more jobs, and gives much more economic stability by diversifying its export base.

# CapitanDan says :
19 May, 2008 [ 19:03 ]

Tadeo You hit the nail on the head. The E.U., U.S. and China want the raw materials and care less about spoiling the environment of Peru to obtain these materials. Let them invest in factories to give Peru a chance at more highly skilled and better paying jobs. This will help diversify the economy . Chau