The rich history of the site influenced by the Inca civilization attracts most of the visitors there; the fertile land area promotes the production rate of the agricultural sectors and caters to the economy. The country has a land area of 1.3 million square kilometers and shares its borders with nations like Ecuador, Colombia, Brazil, Bolivia, and Chile. The population of 32 million residing there practices Spanish as their official language followed by certain other native languages such as Quechua and Aymara.
The Import trade statistics of the nation depict the entire image of the contribution of imports in trade and its individual growth per year. Import traders focus on transporting goods from countries with better trade agreements and have attained a total value of 50 billion US dollars in 2023 with a significant hike of 6% from the past years. The advancing industrial sectors with their rapid production rates have encountered a massive strike in its GDP of 2023 worth 235 billion US dollars says Peru Import Customs Shipment Data.
Imports account for the increment in the production rate of the industrial and agricultural sectors to cater the economic growth. Peru used to import from countries across the globe to balance the production rate with the consumption rate, this happens when the industries fail to produce the required amount of necessities. As per the Peru Import Data, the top 10 imports of the nation with its trade values of 2023 are discussed below,
• (HS code -27) Petroleum and petroleum products – Import Trade value of 2023 – 6 billion US dollars.
• (HS code -87) Automobiles and vehicles– Import Trade value of 2023 – 4 billion US dollars.
• (HS code -85) Electronic equipment – Import Trade value of 2023 – 2 billion US dollars.
• (HS code -84) Machinery – Import Trade value of 2023 – 1 billion US dollars.
• (HS code -29) Pharmaceuticals – Import Trade value of 2023 – 900 million US dollars.
• (HS code -72) Iron and steel products – Import Trade value of 2023 – 800 million US dollars.
• (HS code -95) Plastics – Import Trade value of 2023 – 700 million US dollars.
• (HS code -29) Organic chemicals – Import Trade value of 2023 – 600 million US dollars.
• (HS code -88) Aircraft and aircraft parts – Import Trade value of 2023 – 500 million US dollars.
• (HS code -90) Medical equipment – Import Trade value of 2023 – 400 million US dollars.
Due to insufficient production rates of its industries, Peru heavily relies on its international trade to contribute to the economic growth of the nation by speeding up the production rates. The countries with favorable trade values and better trade agreements are preferred more for relentless transport. As per the Peru Customs Data, the top 10 import destinations of the nation which account for a major share of its trade with its annual revenue are discussed below,
• China – Total Annual Import Trade Revenue of China 2023 – 16.8 billion US dollars.
• United States – Total Annual Import Trade Revenue of United States 2023 – 11 billion US dollars.
• Brazil – Total Annual Import Trade Revenue of Brazil 2023 – 5 billion US dollars.
• Mexico – Total Annual Import Trade Revenue of Mexico2023 – 4 billion US dollars.
• Germany – Total Annual Import Trade Revenue of Germany 2023 – 2 billion US dollars.
• Chile – Total Annual Import Trade Revenue of Chile 2023 – 1 billion US dollars.
• Japan – Total Annual Import Trade Revenue of Japan 2023 – 900 million US dollars.
• Spain – Total Annual Import Trade Revenue of Spain 2023 – 800 million US dollars.
• South Korea – Total Annual Import Trade Revenue of South Korea 2023 – 700 million US dollars.
• Netherlands – Total Annual Import Trade Revenue of Netherlands 2023 – 600 million US dollars.
Different products like agricultural goods, machinery, and pharmaceuticals are produced by numerous companies across Peru. The top companies’ demand for imports to increase productivity is the significant reason behind import trade hikes. As per the Peru Trade Data, the top 10 companies of Peru with import values are discussed below,
• Campania Minera Antamina - Value of Import in 2023 – 4 billion US dollars, Main imports – raw materials and machinery.
• Telefonica del Peru - Value of Import in 2023 – 3 billion US dollars, Main imports – telecommunication equipment.
• Southern Copper Corporation - Value of Import in 2023 – 2 billion US dollars, Main imports – copper and iron concentrates.
• Petroperu - Value of Import in 2023 – 1.5 billion US dollars, Main imports – petroleum products.
• Alicorp - Value of Import in 2023 – 1 billion US dollars, Main imports – vegetable oils and dairy products.
• Sociedad Minera Cerro Verde - Value of Import in 2023 – 850 million US dollars, Main imports – Machineries for mining.
• Votorantim Metais Cajamarquilla - Value of Import in 2023 – 750 million US dollars, Main imports – zinc concentrate.
• Glencore Peru Ltd - Value of Import in 2023 – 700 million US dollars, Main imports – minerals, metals and agricultural goods.
• Exsa - Value of Import in 2023 – 600 million US dollars, Main imports – raw materials and chemical products.
• Backus y Johnston - Value of Import in 2023 – 500 million US dollars, Main imports – Jute and Barley.
Que. What is the population of Peru in 2023?
Ans. The population of Peru in 2023 is recorded as 32 million.
Que. Who will be the top import trading partner of Peru in 2023?
Ans. China with revenue of 16.8 billion USD became the top import trading partner of Peru in 2023.
Que. What is the growth rate of import value in 2023?
Ans. The Peru Trade Statistics show that the import value of 2023 has achieved a growth of 6% from the previous years.
Que. Where can you get the trade statistics of Peru's imports?
Ans. At Import Globals, Peru Import Trade you can get the trade statistics of Peru Import 2023.