Perú: Visió econòmica i política
Peru is a member of the WTO and very open to international trade, which represents 58% of GDP. The country mainly exports copper (27.4%), gold (12.7%), petroleum gas (5.3%), petroleum oils (4.1%), and flours of meat (3.1%); while it imports petroleum oils (17.3%), motor vehicles (3%), telephone sets (2.7%), motor vehicles for the transport of goods (2.4%), and maize or corn (2.1% - data Comtrade 2022).
In 2022, the country's main export partners were China (30.1%), the United States (14.5%), Japan (4.9%), Canada (4.5%), and South Korea (4.5%), as imports came chiefly from China (26.1%), the United States (23.7%), Brazil (7.0%), Argentina (5.0%), and Mexico (3.3% - data Comtrade). Nearly 95% of Peru's exports are covered by Free Trade Agreements currently in force, which enables Peruvian products to enter, subject to the rules of origin of each trade agreement, under preferential conditions to 53 countries, including Canada, Chile, China, the member countries of the European Union, Japan, Singapore, South Korea, Thailand and the United States, among others. The country is seeking to position itself as a regional hub for trade between Latin America and the APEC countries (Asia-Pacific Economic Cooperation).
Peru has a structurally positive trade balance. In 2022, exports of goods increased to USD 61.3 billion (+2.7% y-o-y), but imports increased at a faster pace (+19.7% y-o-y) and reached USD 60.9 billion. According to the WTO, imports of services in 2022 totalled USD 13.6 billion, while exports stood at USD 4.9 billion. Peruvian exports, as of the end of 2023, saw an increase (+1.1%) and hit a new historical high, reaching USD 64.355 billion. This growth was propelled by the expansion of mining exports (+11.4%) and agro-industrial exports (+9.2%). At the close of 2023, Peruvian imports totaled USD 51,962.9 million, reflecting a 13.6% decrease compared to 2022, a year marked by record-high imports in Peru (data SUNAT).
Foreign Trade Values | 2019 | 2020 | 2021 | 2022 | 2023 |
Imports of Goods (million USD) | 42,284 | 36,140 | 50,891 | 60,979 | 52,306 |
Exports of Goods (million USD) | 46,444 | 39,600 | 59,648 | 62,911 | 60,756 |
Imports of Services (million USD) | 10,680 | 7,579 | 10,718 | 13,604 | 13,528 |
Exports of Services (million USD) | 6,696 | 2,718 | 2,947 | 4,962 | 5,731 |
Source: World Trade Organisation (WTO) ; Latest available data
Foreign Trade Indicators | 2018 | 2019 | 2020 | 2021 | 2022 |
Foreign Trade (in % of GDP) | 48.6 | 46.9 | 43.8 | 56.0 | 58.4 |
Trade Balance (million USD) | 7,201 | 6,879 | 8,102 | 14,977 | 10,333 |
Trade Balance (Including Service) (million USD) | 3,819 | 2,895 | 3,241 | 7,206 | 1,691 |
Imports of Goods and Services (Annual % Change) | 3.5 | 1.7 | -15.4 | 26.3 | 4.2 |
Exports of Goods and Services (Annual % Change) | 3.4 | 0.3 | -16.4 | 19.2 | 5.9 |
Imports of Goods and Services (in % of GDP) | 23.4 | 22.9 | 21.1 | 26.5 | 29.1 |
Exports of Goods and Services (in % of GDP) | 25.2 | 24.0 | 22.7 | 29.5 | 29.3 |
Source: World Bank ; Latest available data
Foreign Trade Forecasts | 2023 | 2024 (e) | 2025 (e) | 2026 (e) | 2027 (e) |
---|---|---|---|---|---|
Volume of exports of goods and services (Annual % change) | 3.4 | -1.4 | 2.0 | 3.0 | 2.7 |
Volume of imports of goods and services (Annual % change) | -4.4 | 4.6 | 3.7 | 2.6 | 2.5 |
Source: IMF, World Economic Outlook ; Latest available data
Note: (e) Estimated Data
Main Customers (% of Exports) |
2022 |
China | 30.1% |
United States | 14.5% |
Japan | 4.9% |
Canada | 4.5% |
South Korea | 4.5% |
India | 3.8% |
Switzerland | 3.4% |
United Kingdom | 3.3% |
Chile | 3.1% |
Netherlands | 3.0% |
Spain | 2.8% |
Brazil | 2.6% |
Ecuador | 2.2% |
Colombia | 1.8% |
Germany | 1.6% |
Bolivia | 1.4% |
Mexico | 1.3% |
United Arab Emirates | 1.2% |
Panama | 1.0% |
Belgium | 0.9% |
See More Countries | 41.6% |
Main Suppliers (% of Imports) |
2022 |
China | 26.1% |
United States | 23.7% |
Brazil | 7.0% |
Argentina | 5.0% |
Mexico | 3.3% |
Chile | 2.7% |
Bolivia | 2.1% |
Colombia | 2.1% |
India | 2.0% |
Germany | 1.9% |
Canada | 1.9% |
Japan | 1.8% |
South Korea | 1.7% |
Ecuador | 1.6% |
Spain | 1.5% |
Vietnam | 1.3% |
Indonesia | 1.0% |
Türkiye | 0.9% |
Thailand | 0.8% |
Russia | 0.7% |
See More Countries | 34.8% |
Source: Comtrade, 2024. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
Source: Comtrade, 2024. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
To go further, check out our service Import-Export Flows.
5.0 bn USD of services exported in 2022 | |
43.07% | |
Personal travelPersonal travel | 43.07% |
OtherOther | 24.97% |
31.96% | |
12.92% | |
3.61% | |
2.48% | |
2.46% | |
2.44% | |
0.80% | |
0.26% |
13.6 bn USD of services imported in 2022 | |
46.39% | |
17.24% | |
Personal travelPersonal travel | 17.24% |
OtherOther | 36.37% |
13.51% | |
7.82% | |
6.71% | |
3.84% | |
2.85% | |
1.42% | |
0.22% |
Source: United Nations Statistics Division, 2024. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
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Actualitzacions: May 2024
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