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Peru is the fifth most populous country in South America, with a population of close to 30 million. The World Bank classifies Peru’s economy as upper-middle income, and it is one of the world’s fastest-growing economies. Recent economic growth has been fueled by healthy trade, economic stability, and increasing investment and consumption. The country has also had good success with controlling both inflation and unemployment in recent years. To export from the US to Peru is a smart move for your business.
Lima, Peru’s capital and largest city, is the country’s financial and industrial center, and one of Latin America’s most important financial centers. Lima accounts for more than two-thirds of Peru’s industrial production. It has the largest export industry on the continent, and is a regional hub for the cargo industry.
Peru’s GDP is dominated by the service industry, along with the manufacturing and extractive industries. Peru’s main exports are copper, gold, zinc, textiles, and fish meal. Peru’s main imports are crude and refined oil, vehicles, and industrial machinery and equipment; it imports goods largely from China, the US, and Brazil. The US is Peru’s biggest overall trading partner, and a free-trade agreement between the two countries was implemented in 2006. Export from the US to Peru is worth exploring.