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Peru records highest export sales to India among Asian markets

Press Trust of India  |  New Delhi 

South American country generated its highest export sales to during January- October 2017 with shipments totalling USD 1.57 billion, as compared to other Asian economies like China, South Korea, and the

According to the country's and Tourism Promotion Board, Peruvian sales to Asian markets went from USD 10.53 billion (January-October 2016) to USD 15.59 billion in the same period last year.

The target markets included China, South Korea, India, Japan, the UAE, the Philippines, Taiwan, Vietnam, Hong Kong, and

"In particular, Peru's sales to registered the highest growth rate by totalling USD 1.57 billion between January-October 2017, a 126.78 per cent increase over the same term in 2016 (USD 694.16 million)," a statement said.

Also, Indian importers have shown a growing interest in Peruvian avocados, leading to a steady increase in its consumption since 2016, it said.

In 2015, became the second largest exporter of table grapes- Red Globe variety- to India, a position it holds even today. These grapes are typically available in Indian supermarkets between December and April every year.

Peru's to also include gold, silver, copper, Sacha Inchi, Quinoa, Camu Camu, among others.

"With the India-trade agreement discussions, will be able to move ahead of the stereotype of seeing Latin America through the Brazilian lens.

Open trade barriers between the two countries provide with a new and significant trade partner, because of which the economy is enjoying a surge," said the statement issued by the of the

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, January 08 2018. 15:35 IST