Andina

Peru is third-largest market for U.S. agricultural exports in South America

Photo: Ministry of Foreign Trade and Tourism of Peru

Photo: Ministry of Foreign Trade and Tourism of Peru

01:03 | Lima, Mar. 29.

U.S. Secretary of Agriculture Brooke Rollins will visit six international markets in her first six months in office to expand markets and boost American agricultural exports, according to the United States Embassy in Peru.

At a time when the agricultural trade deficit is at nearly US$50 billion following the previous administration's little to no action in the international marketplace, the United States Department of Agriculture (USDA) is working to diversify global markets, strengthen existing markets, and hold existing trading partners accountable for their end of the deal, reads a release by the U.S. diplomatic mission in Lima.

"USDA remains committed to expanding market access around the world. I am going abroad to sell the bounty of American agriculture and to ensure the prosperity of our hard-working agricultural producers. Everything is on the table to get more markets for our products," Secretary Rollins stated.

Background

This year, Secretary Rollins will visit Vietnam, Japan, India, Peru, Brazil, and the United Kingdom. Other USDA Trade Missions include Hong Kong, the Dominican Republic, Taiwan, Côte d'Ivoire, and Mexico. Below is an analysis of the main countries importing U.S. agricultural products.

India: The United States is India's sixth-largest supplier of agricultural products. The U.S. has a US$1.3 billion trade deficit with India.

Brazil: The United States has a US$7 billion trade deficit with Brazil.

United Kingdom: The UK is the United States' fourteenth-largest agricultural export market. U.S. producers face disproportionately high tariffs and small tariff rate quota volumes when exporting to the UK.

Japan: Japan is a top five market for many key U.S. commodities, including corn, beef, pork, wheat, rice, and soybeans. The U.S., however, faces competition from other countries in many of these markets.

Vietnam: Vietnam is the United States' tenth-largest agricultural export market. The U.S. has no trade agreement with Vietnam while major competitors like China do.

Peru: Peru is the United States' third-largest market for agricultural exports in South America, and the U.S. remains Peru's second-largest agricultural supplier. Key prospects for U.S. agricultural exports to Peru include ethanol, dairy products, meat, tree nuts, and pulses.

(END) NDP/JJN/JMP/MVB

Publicado: 29/3/2025