Peru

Development Challenges

The Peruvian government has continued its policy of gradual economic liberalization in recent years. In 2011, Peru was said to have one of the world’s fastest-growing economies. Principally based on services, followed by the manufacturing of textiles and extractive industries such as agriculture, fishing and mining, the economic growth has been fueled by macroeconomic stability, improved terms of trade, rising investment and consumption. Peru’s main exports are copper, gold, zinc, textiles, and fish meal. However, Peru faces development challenges, including:

Poverty and high levels of inequality
Underemployment
Corruption
Growing cocaine production
Poor infrastructure
Informal economy
Natural resources depletion and deforestation
High dependent on minerals and metals exports and imported foodstuffs that subjects the economy to fluctuations in world prices

Key Trade Issues

Instability of politics and economy
Informality
Centralization of trade and industry in the capital
High opposition in rural areas to Government extractive projects financed by foreign investment
Need to completely recover from two-decade conflict - roughly from 1980 to 2000 - between the state and the leftist guerrilla groups, the Shining Path and the Tupac Amaru Revolutionary Movement

Government Priorities

To promote tourism
To reduce the national poverty rate
To continue Peru’s free-trade path
To increase regional and international integration especially with the United States, Canada, Singapore, China, Korea, and Japan
To continue attracting foreign investment
To enhance competitiveness
To ensure a smooth democratic political transition

Trade and Tariff Graphs

Graphs of the country’s export markets, its export performance in a key sector and tariffs exporters of a sample product face.

	Trademap sample: The map uses color codes to illustrate the relative size of different markets in the overall exports of the country shown in pink.
	Trademap sample: The vertical axis shows import values by key importing countries, while the horizontal axis shows export values by the country for the same sector. I.e. the country has gained market share in the case of an importing country at the bottom right of chart and lost market share for countries top left. The size of circles is proportional to market size.
	Market access map sample: The world map shows trade values and tariff levels for a key export product by importing countries. Color codes indicate protection levels. Red circles denote trade volumes.

Trade and Investment Data

Detailed data on the country’s export performance, key imports and foreign investment, grouped by product and service categories (HS and BOP).

Trade Performance Index (14 sectors)

Export Performance

Import Profile

Foreign investment statistics (FDI)

Trade in goods statistics

Trade in services statistics

Consistency of Trade Statistics

Trade Information Sources

A listing of country specific print and online publications on trade related topics. Includes information from both ITC and external sources.

ITC Publications (11)

Selected Printed Information Sources (113)

Selected Online Information Sources (32)

Trade Contacts

The most important trade contacts, including importers’ and exporters’ associations, trade support institutions, trade promotion organizations and institutions providing business development assistance.

World Directory of Information (4)

SME Competitiveness Improvement (4)

TPOs and other Trade Support Institutions (8)