Peru, in western South America, extends along the Pacific Ocean. Colombia and Ecuador are to the north, Brazil and Bolivia to the east, and Chile to the south.
Peru’s natural resources include copper, silver, gold, petroleum, timber, fish, iron ore, coal, phosphate, potash, hydropower and natural gas (2). Its economy is structured as followed (in % of GDP): services 59.9%, industry 32.7% and agriculture 7.6% (2017) (6).
Peru’s agriculture products include asparagus, coffee, cocoa, cotton, sugarcane, rice, potatoes, corn, plantains, grapes, oranges, pineapples, guavas, bananas, apples, lemons, pears, coca, tomatoes, mango, barley, medicinal plants, palm oil, marigold, onion, wheat, dry beans, poultry, beef, dairy products, fish and guinea pigs (1). Its industries include mining and refining of minerals; steel, metal fabrication; petroleum extraction and refining, natural gas; fishing and fish processing, textiles, clothing and food (1).
Peru’s top exports commodities include ores, slag, ash, gems, precious metals, mineral fuels including oil, fruits, nuts, copper, food industry waste, animal fodder, fish, knit or crochet clothing, accessories, zinc, coffee, tea, spices (7). Its top imports commodities include petroleum and petroleum products, chemicals, plastics, machinery, vehicles, color TV sets, power shovels, front-end loaders, telephones and telecommunication equipment, iron and steel, wheat, corn, soybean products, paper, cotton, vaccines and medicines (2).
Peru’s mains ports and terminals are Callao, Chimbote, Ilo, Matarani, Paita, Puerto Maldonado, Salaverry, San Martin, Talara, Iquitos, Pucallpa and Yurimaguas (2).
Peru was the United States' 34th largest goods trading partner with $17.5 billion in total goods trade during 2016 (3). In 2018, Peru was the United States' 31st largest goods export market and 38th largest supplier of goods imports (4). In 2017, United-States was Peru’s main import partner and 2nd main export (1).
The United States and Peru signed the United States-Peru Trade Promotion Agreement (PTPA) on April 12, 2006. It entered into force on February 1, 2009. The Agreement will result in significant liberalization of trade in goods and services between the United States and Peru (3).
United States’ goods import from Peru in 2018: $7.9 billion – (a 8.2% increase) ($601 million) from 2017) (3)
United States’ goods exports to Peru in 2018: $9.6 billion - (up 11.2% ($971 million) from 2017) (3)
The U.S. goods trade surplus with Peru was $1.8 billion in 2018, a 26.9% increase ($371 million) over 2017 (3)
The United States has a services trade surplus of an estimated $1.2 billion with Peru in 2017 (latest data available), up 6.4% from 2016 (3)