Economy
In the 19th century, the city of Trujillo greatly expanded due to extensive irrigated agriculture, with high production and profits from the sugarcane industry. Today, asparagus and shoes are some of the main products of its metropolitan area. The irrigated lands of the Moche River Valley produce sugarcane, rice, and asparagus. Industries in the city include the sugar refineries, knitting mills, breweries and the shoe industry. Among the internationally known products of Trujillo, asparagus is exported to neighboring countries, Europe and the United States. The areas around Trujillo are among the largest exporters of white asparagus in the world. Peru is the world’s leading exporter of asparagus, followed by China and Mexico.
Trujillo is the most important economic center of northern Peru; it is an inland commercial and transport center for the surrounding farming areas. Its numerous shopping malls, supermarkets, department stores, and similar amenities make Trujillo a modern city.
In recent years another important economic sector in the city is the construction industry. According to statistical information provided by the "Institute of Construction and Development of the Peruvian Chamber of Construction" between 2006 and May 2012 construction activity in Trujillo grew by 500%. The study reveals that in 2006 were built 92770 m2 and the first months of 2012 the figure rose to 437440 m2, mainly due to the increased amount of square meters per house, likewise states that the total built in so far this year, 84% is housing construction.
Read more about this topic: Trujillo, Peru
Famous quotes containing the word economy:
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)