Trade between Peru and China
The following is a detailed overview of the close and deepening trade between Peru and China:
1. Establishment and deepening of trade relations
Peru was one of the first Latin American countries to establish a comprehensive strategic partnership with China, and was also the first Latin American country to sign a package of free trade agreements with China.
In 2013, the relationship between China and Peru was upgraded to a comprehensive strategic partnership, and since then bilateral economic and trade cooperation has continued to deepen.
2 Trade growth
According to the General Administration of Customs, the average annual growth rate of trade between China and Peru is as high as 14.6% from 2016 to 2023
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In the first 10 months of 2024, bilateral trade continued to grow rapidly, with China's total imports and exports to Peru reaching 254.69 billion yuan, up 16.8% year-on-year.
3. Main import and export commodities
The main commodities exported from China to Peru include automobiles, cell phones, computers and home appliances, which are popular in Peru.
The main commodities exported from Peru to China include copper ore, fishmeal for feed, and so on. Among them, copper ore is one of the important commodities exported by Peru to China.
4. Important events and results of trade exchanges
The President of Peru has emphasized that the first cargo ship from the port of Chancay to the Chinese city of Shanghai has arrived at its destination, which represents a great progress in the field of Peruvian agricultural exports. The ship arrived in Asia with tons of Peruvian blueberries, avocados, mangoes, grapes and other agricultural products, further promoting trade between China and Peru.
The construction of the port of Qiangai has also provided more opportunities for trade and logistics from China to Peru, and the port serves not only Peru, but also Ecuador, Colombia and other countries, serving as a “liaison” for trade between East Asia and South America.
Overall, Peru and China have a close and fruitful trade relationship, and the two countries have maintained good cooperation in many areas, and continue to promote the deepening and development of bilateral economic and trade relations.