Browse Data and Analysis

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.

In 2023, Hong Kong was the 17th-largest market for U.S. agricultural products globally. That same year, the United States exported $1.5 billion of agricultural products and was the third-largest supplier of consumer-oriented food products to Hong Kong after China and Australia.

Bar chart showing annual growth in U.S. agricultural exports to top destinations.

At a combined $23.8 billion, China and Hong Kong represent 18 percent of U.S. agricultural exports to the world, up from 10 percent just a decade ago.

Graphic illustrating the growth of U.S. agricultural and related product exports to Chile between 2000 - 2015.

Graphic illustrating the growth of U.S. agricultural and related product exports to Peru between 2000-2015.

South America is one of the fastest-growing world regions for exports of U.S. farm and food products, and Chile and Peru are among the most rapidly growing markets in the region.

FAS Lima and the Foreign Commercial Service (FCS) joined forces to support the Enterprise Trade Florida Mission, which took place during April 24 to 25, 2015.