Peru is the fifth largest Latin American market after Mexico, Brazil, Venezuela, and Colombia, for U.S. agricultural products. Peru purchased $162 million worth of U.S. agricultural commodities in 1988. Agricultural imports from the United States have increased more than sevenfold since 1970. Peru is in a severe slump and is the second largest recipient of P.L.-480 aid in Latin America. Wheat, feed grains, and oilseed products will continue to constitute the major share of U.S. agricultural exports to Peru. Commercial purchases may decrease in the near future, and food aid needs will continue to be substantial.