Promising Niche Market Opportunities in Peru

The U.S. Dry Bean Council recently concluded a fact-finding mission to Peru. U.S. agricultural exports to Peru increased from $424 million in 2008 to $1.3 billion in 2018. Currently, the U.S. is the largest agricultural product supplier with 31 percent market share. About two-thirds of U.S. agricultural goods enter the country duty free, including dry beans. In marketing year 2017/18, the U.S. exported 4,147 metric tons of dry beans to Peru. This is due primarily to lower Peruvian dry bean production and increased demand for navy beans for food assistance programs, which drove up U.S. exports.