Peru is an important destination for Canadian agriculture and agri-food products. In 2023, agricultural exports reached $717 million, representing 51% of Canada’s total merchandise exports to Peru. Canada is Peru’s top wheat supplier, with $656 million in exports and a 73% share of the Peruvian market.
Peru has ratified the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). This has created new opportunities for Canadian exporters, building on existing benefits under the Canada-Peru Free Trade Agreement (CPFTA). Market access has gradually improved for key product categories such as beef, pork, poultry, dairy, and sugar.