INSUBCONTINENT EXCLUSIVE:
The value of these exports reached $23.152 billion in 2023, marking a 325% increase from 2010 levels.This significant growth coincides with
the implementation of the Free Trade Agreement (FTA) between the two countries
remains largely unchanged
Traditional exports, primarily raw materials, continue to dominate the trade relationship.These products account for approximately 91% of
China Surge 325% Since 2010, Diversification Remains a Challenge
The upcoming inauguration of the Chancay port in November presents a significant opportunity.This new infrastructure could help overcome
logistical challenges in exporting to Asia
at US$182 million in 2023
Agricultural products like blueberries, grapes, and avocados also show promise.The Peruvian Ministry of Agriculture has identified 133
tariff items currently exported globally but not to key Asian markets, including China
These products represent potential new export opportunities for Peru.The optimized FTA between Peru and China, set to be signed in November,
could further boost export diversification
(SENASA) plays a crucial role in introducing new Peruvian products to foreign markets.For 2024, SENASA aims to secure market access for 13
promote more privately managed free trade zones could provide additional support.This initiative, along with targeted investments in
