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Peru exports to France increased by 51.2%

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Staff writer ▼ | April 30, 2015
In the first two months of 2015, exports to France increased by 51.2%, totaling $54.8 million.
Peru exports
Export from Peru   $54.8 million from the U.S.
Thus continued the positive trend seen since 2010, and that was only interrupted in 2013 when there was a decrease of 22.4%, said the Department of Economic Studies of the Association of Exporters (ADEX).

The total shipments to France, 34.2% are primary and 65.8% are value added. The three most important subsectors are petroleum and natural gas (30.9% of the total), agricultural and agro-industrial (24.9%) and non-traditional fishing (26.1%).

In January and February this year, the main products exported to the Gallic country were natural gas, scallops, which showed a growth of 57.8% - a value of $11.2 million, canned asparagus (42.4% growth) by $5.9 million and handles (8.3% growth) for $ 2.4 million. In all, 601 items.

Another subsector that recorded a positive change was the garment with an expansion of 21.5%. The best sellers were knit shirts (355.1%), t-shirts (11.1%), dresses for women (61.2%), shirts for women (161.9%) and cardigans (5.3%).

However, the Department of Economic Studies of the business association noted that despite the positive figures, Peru had 217 missed opportunities in this market, valued at $3.4 billion.

One of the sub unexplored, with great potential, is the chemical. The products are exploited plate, sheet and strip of polypropylene films, tires, sulfuric acid, dyes, plastic boxes, dishes and other articles for the table service, among others.

France is the sixth largest market for Peruvian firms in the EU, with a share of 6.6%, after Spain, the Netherlands, Italy, Germany and Belgium.

The budget deficit of the country, in 2014, decreased to reach 4% of GDP, 4.4% lower figure than the government anticipated.

The International Monetary Fund (IMF) noted with hope this economic developments and projected to grow at 1.2% at the end of 2015 and 1.5% in 2016.