# Increased agricultural exports and production drive GDP growth in Peru - Peru 2019 - Oxford Business Group

> An Oxford Business Group analysis says Peru's agricultural output grew 7.5% in 2018 to PEN29.4bn, with strong gains in olives, cotton, rice and other crops. Food exports are now second only to mining as a source of foreign currency. Peru ranked first worldwide in fishmeal production in 2018.

- Date: 2019-06-18 · published 2019-06-18T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/58494-increased-agricultural-exports-and-production-drive-gdp-growth-in-peru-peru
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Peru's growing agricultural and fishmeal output supports its export position in Asian markets, which matters for fishmeal supply. The piece is background on trends rather than a new shock, so it has limited direct price impact.

## Sources

- oxfordbusinessgroup.com: https://oxfordbusinessgroup.com/reports/peru/2019-report/economy/global-competitor-increases-in-production-and-exports-have-seen-agriculture-become-a-driving-force-behind-economic-growth

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.