Peru Fishing Exports At $1.072 Bln H1 2007

Peru fishing exports rose by 17.7 pct year-on-year to $1.072 bln (784.3 mln euro) in the first six months of 2007, the association of Peru's exporters, Adex, said on August 26, 2007.

Traditional fishing exports generated 72.8 pct of the total, while non-traditional contributed with 27.2 pct. Value-added exports, in turn, rose to 27.2 pct of the total exports compared to 24.3 pct in the first half 2006.

The share of the traditional exports fell from 75.7 pct in the first half of 2006 which reflected a gradual reduction of Peru's dependence on the fish flour as well a diversification and development of the non-traditional fishing exports, Adex said.

Non-traditional exports grew by 31.8 pct to $277.3 mln (202.9 mln euro) with exports to Spain generating $54 mln (39.5 mln euro). Exports to the USA, which is the largest market of crustaceans from Peru, were estimated at $42.3 mln (30.9 mln euro), followed by China, Italy, South Korea, Japan, France, South Africa and Germany.

Hayduk was the leading exporter of Peru with $20.6 mln(15 mln euro), followed by Corporacion Refrigerados with $14.5 mln (10.6 mln euro), Austral Group with $14.1 mln (10.3 mln euro). The big exporters included also Tecnologica de Alimentos, Pacific Freezing Company and Seafrost.

(Note: All figures/comparisons are for H1 2007/H1 2006)

Publication: Business Digest
Provider: AII Data Processing Ltd.
Date: August 27, 2007