Trade exchange between Peru and APEC economies exceeds US$59 billion

Trade exchange between Peru and the economies that make up the Asia-Pacific Economic Cooperation Forum (APEC) totaled US$59.444 billion between January and September 2022, announced Thursday by the Ministry of Foreign Trade and Tourism (Mincetur).

The portfolio informed through a statement that the figure represented an increase of 14.2 percent over the same period last year and was produced thanks to the fact that this economic forum “has favored the performance of national exports and imports”.

Regarding Peru’s shipments, he detailed that they amounted to US$31.9 billion (7.5 percent) during the first nine months and highlighted the shipments of hydrocarbons, non-metallic minerals, chemical products, textiles, and agricultural and livestock products.

With respect to imports, during the same period, they reached US$27.5 billion due to the arrival of goods such as household appliances, tires, textiles, as well as information technology products, and steel products.

The head of Mincetur, Roberto Sánchez, assured that during this period exports to China grew by 2.5 percent, which means that the Asian country continues to be Peru’s leading trading partner.

After considering that APEC is one of the “most important” markets for Peruvian exports, he highlighted the importance of Peru’s participation in the 29th APEC Economic Leaders’ Meeting to be held in Thailand on Nov. 17 and 18.

He recalled that, during the last 12 months, trade with the economies that make up the forum accounted for 66 percent of total goods trade between Peru and the world, which “demonstrates the importance of our integration with the main global economies”.

Peru’s exports to APEC economies in 2021 reached US$37 billion, which meant a 66 percent growth, while imports from the world accounted for 65.6 percent by registering US$30 billion.

Mincetur took the opportunity to remind that Peru will chair APEC for the third time in 2024, an achievement that is a further demonstration of the confidence that the other twenty member economies have in the South American nation.

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