The growth was driven by increased global demand for the mining and agricultural sectors.
By the end of 2017, Peruvian exports will total USD $44.7 million, reaching their highest level since 2012. This represents a growth of 23% from last year. (USD $36.3 million) This year’s exports represent approximately 21% of Peru’s GDP.
This growth would be driven by bigger shipments from the mining and agricultural sectors. The traditional sector would grow 29% more than in 2016 and total US $32.9 million, due to a higher volume and price of metals such as copper. Meanwhile, the non-traditional sector would reach a value of USD $11.7 million, 9% more than in 2016.
Likewise, Peru’s main trading partners continue to be China, followed by the United States, Switzerland, South Korea, India, among others.
Regarding imports, until October of this year, imports totaled USD $32.8 million, 9.2% more than in the same period last year. The increase in imports should not be seen as a negative event for Peru because it is buying machinery that will generate greater production and growth and economic development for the whole country.
In the indicated period, intermediate goods (mainly inputs for production) represented 46% of total imports, and capital goods (machinery and equipment), represented 30%. Meanwhile, with respect to imports for consumption, these represented 24% of the total purchased.
(Cover Photo Archive)
Now that you're here:
We're asking you, our reader, to make a contribution in support of our digital guide in order to keep informing, updating and inspiring people to visit Peru. Why now? In our near 20-year journey as the leading English-language source on travel in Peru, we've had our fair share of ups and downs-but nothing quite like the challenges brought forth in the first quarter of 2020.
By adapting to the changing face of the tourism and travel industry (on both local and international levels), we have no doubt we will come out stronger-especially with the support of our community. Because you will travel again, and we will be ready to show you the best of Peru.
Your financial support means we can keep sharing the best of Peru through high-quality stories, videos and insights provided by our dedicated team of contributors and editors based in Peru. And of course, We are here to answer your questions and help whenever you need us.
As well, it makes possible our commitment to support local and small businesses that make your visit an unforgettable one. Your support will help the people working in these industries get back on their feet once the world allows us to make our dream of enjoying everything Peru has to offer a reality again-from its mouthwatering gastronomy, thriving Amazon and archaeological wonders such as Machu Picchu.
Together, we will find a way through this. As a member of our community, your contribution, however big or small, is valuable.