Trade Balance Peru, Imports - Exports - Difference in Million US$ (2006 - 2013)
Peru Exports by Sectors in % (2011)
Peru Main Export Destinations in % (2011)
Main Imports to Peru by Country in % (2011)
Main Products & Services generating Foreign Currency in Peru (2006-2011)
Peru Exports to other Continents (2011)
With its growing economy, Peru's imports increased over the past decade as well and are assumed to grow more than exports in the coming years, probably leveling future trade balances. Major imports include petroleum and petroleum products, plastics, machinery for industry and agriculture, vehicles, iron and steel, electronics and food. Main import partners are the United States, China and the European Union.
In the last years Peru's economy more and more relies on the mining and fishmeal industry, while the traditional agricultural sector still plays an important part. Economic growth continues to be driven by exports of minerals (mainly gold, copper, zinc), fishmeal, agricultural products (garden produce and fruits), textiles, chemicals and services to gain foreign exchange for importing machinery and manufactured goods.
Mining represents an important source of foreign currency and the reason why a significant part of investments have been carried out in the country over the last decade. Even though only around 10% of the territory with mining potential has been explored and 6% are currently mined already now exports of the mining sector mainly drives Peru's economy today. The principal minerals extracted in Peru are silver, zinc, copper, molybdenum, lead and gold. According to the U.S. Geological Survey, Mineral Commodity Summaries from January 2012, Peru ranks worldwide on preferential places in mining these metals: Silver 2st, Zinc 3rd, Copper 3th, Molybdenum 4th, Lead 4th and Gold 6th.
While mining is an important part of Peru's economy, it leaves obvious damages to the nature
The Antamina mine in the Peruvian Andes produces mainly copper, zinc and molybdenum.
Mining contributes heavily to Peru's export. Here's a chart showing the destination of Peru's mining exports in % (2010).
Located in the province of Cajamarca 800km northeast of Lima, Yanacocha is the biggest gold mine in South America
Informal gold mining leaves huge areas in the Peruvian Amazon rainforest devastated.
Non-metal minerals are mostly used nationally in the construction materials industry, ceramics industry, and in a lesser degree the fertilizer and chemicals industry. Local companies are aiming for export of products or by-products. Among the non-metal minerals with greater potential are diatomite, bentonite and borates as well as phosphates.