Peruvian exports are expected to recover next year and reach levels achieved in 2011, according to Peru's Trade and Tourism minister, Jose Luis Silva. The optimistic forecast is based on the recovery expected in the European and U.S. economies, Silva said.
Peru exports for 2012 are estimated to be above $44 billion, Semana Economica reported, which is a four percent drop from the export boom in 2011, when the export revenue rose 26 percent above the previous year.
Non-traditional exports this year are estimated to be up nine percent to $11 billion, while traditional exports (minerals, fishmeal, etc) have dropped eight percent to $33 billion, due to lower demands from China, the United States and Europe.