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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.

This report outlines Peru’s regulatory requirements for food and agricultural product imports and updates and replaces the 2023 report. Peru's economy is on a steady path to recovery, fueled by robust performances across key sectors.

For over a decade, Peru has been one of the world’s top performing economies, registering sustained high growth accompanied by low inflation.

Peru’s food processing industry is a dynamic sector of the national economy. U.S.-origin food processing ingredient exports to Peru are forecast at $202 million in 2017.

Peru has established a new price band for rice that aims to increase importing costs. The new price band uses changes the reference price from Thai to Uruguayan rice prices.

Peru’s food retail sector sales will rebound in the medium-term, benefiting from government stimulus measures seeking to boost consumer spending.

Peru’s international recognition as a gastronomic hub has created opportunities to introduce complementary food products into the market.

Peruvian rice producers are demanding that the government reinstate import duties for rice.

Peru's 10 year moratorium on genetically engineered (GE) crops remains in force. The Ministry of Environment tests conventional imported seed shipments upon arrival which has raised concerns...