Photo: MTC Perú Flickr.
According to a report by Infobae, in 2024, at least 635 Peruvian companies sent 412 shipments to the People's Republic of China. These transactions positioned China as the main destination for Peruvian exports, with a 9.2% increase compared to 2023, reaching a value of $25.224 billion and representing 33.8% of Peru's total international shipments.
In this regard, the Association of Exporters (ADEX) stated that these transactions generated 701,000 jobs in Peru. They also noted that the traditional mining sector was the most significant driver of this growth, accounting for 90.9% of total exports to China, with a value of $22.928 billion. Among the most traded products were copper, iron, silver, refined copper, lead, and gold.
Likewise, agribusiness and fishing played an important role in the growth of Peruvian exports to China. In the case of fishing, this sector recorded transactions worth $1.489 billion, with fishmeal being the most exported product, reaching a value of $1.408 billion. In agribusiness, transactions amounted to $23 million, while the hydrocarbons sector recorded exports worth $228 million.
Regarding value-added products, agribusiness led this segment, achieving exports worth $261 million. The top products in this category were blueberries at $105 million, avocados at $54 million, tara powder at $35 million, and fresh grapes at $22 million.
Within the value-added product segment, other sectors had a smaller influence on exports but still contributed to the total. Aquaculture recorded $134 million in exports, while the textile industry reached $65 million. Other exported products to China included clothing, wood, metallurgical products, chemicals, and more.
Amid this growth in trade with China, the Center for Research on Global Economy and Business (CIEN-ADEX) noted that between 2020 and 2024, exports to China had an average annual growth rate of 19.1%. This reflects the strong trade relationship between the two nations and highlights the impact of the Free Trade Agreement, which came into effect in 2010.
On the other hand, Peruvian imports from China saw a 16.6% increase compared to 2023, reaching a value of $15.758 billion. The sectors with the highest transaction volumes included construction materials and capital goods, which accounted for 42.3% of the total, with a value of $6.502 billion.
Other key imported products included raw materials and intermediate goods, valued at $4.925 billion; consumer goods at $4.331 billion; mobile phones at $858 million; computers at $487 million; assembled vehicles at $309 million; telecommunications products at $219 million; and televisions at $209 million.
Last but no least, products such as tires, excavators, polypropylene, resins, and sneakers stood out in Peruvian exports, highlighting the diversity of goods involved in these transactions with China—a country that, according to Indecopi, has the highest number of dumping accusations in Peru.
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