International Agricultural Trade Report

Peru Emerges as a Significant Market for U.S. Agricultural Products

In 2023, Peru was the 28th-largest market for U.S. agricultural exports, valued at $851 million, making it the 3rd-largest market in South America. The U.S.-Peru Trade Promotion Agreement (PTPA) entered into force in February 2009, and U.S. agricultural exports reached $1 billion for the first time in 2014, peaking at $1.36 billion in 2018. The United States accounts for 14 percent of Peru's agricultural import market share, positioning it as the second-largest supplier to the country.
International Agricultural Trade Report

Opportunities for U.S. Agricultural Products in Morocco

In 2023, Morocco was the second-largest export market for U.S. agriculture on the African continent, importing over $610 million in U.S. agricultural products, accounting for over 16 percent of all U.S. exports to Africa. The United States has seen total exports quadruple and agricultural exports double since entering into a free-trade agreement (FTA) with Morocco in 2006.
International Agricultural Trade Report

Opportunities for U.S. Consumer-Oriented Products in Peru

Peru is the third-largest South American market for U.S. consumer-oriented agricultural products. Increasing wealth and lower barriers to entry were facilitated by the implementation of the U.S.-Peru Trade Promotion Agreement (PTPA), resulting in a 423-percent increase in consumer-oriented exports from $65 million in 2009 to $340 million in 2021.