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Export Market

Peru

ISO: PE / PER

Country Profile

Capital Lima
Population 34.4M
GDP $289.2B (2024)
GDP per Capita $8,452
Income Level Upper-Middle Income
Currency Peruvian sol (PEN S/ )
Language Aymara
Timezone UTC-05:00
Region South America

Trade Partners

Peru Exports To

  • China 34.0%
  • USA 14.0%
  • Canada 5.0%
  • India 4.0%
  • Switzerland 4.0%

Key exports: copper ore, gold, refined copper, refined petroleum, grapes (2023)

Peru Imports From

  • China 26.0%
  • USA 21.0%
  • Brazil 7.0%
  • Argentina 5.0%
  • Mexico 3.0%

Key imports: refined petroleum, crude petroleum, cars, trucks, broadcasting equipment (2023)

Economic Overview

upper-middle-income South American economy; strong post-COVID rebound tempered by political uncertainty and climate risks; exports driven by mineral extraction and agriculture; large informal sector and uneven access to public services; stable fiscal position and financial sector

Government: presidential republic

UK Trade Status

FTA in Force

The UK has a free trade agreement with Peru, providing preferential market access for UK exporters.

Trade Barriers

7 active barriers affecting UK exporters

Inadequate border and maritime controls against illicit trade of medicines and alcoholic beverages in Peru

Inadequate border and maritime controls in Peru enable smuggling and counterfeiting of alcohol and medicines, harming UK exporters' sales and reputation. UK government is working in partnership with Peru’s government to improve enforcement, protect affected companies and restore fair market …

Sectors: Food and drink, Pharmaceuticals and biotechnology

Reported: 29 Mar 2023

Ineffective health technology assessment (HTA) processes for high technology medicines and healthcare technologies in Peru

Peru's HTA processes lack analytical robustness, transparency and predictability. This harms pharmaceutical exports by undermining the adoption of innovative and cost-effective UK drugs in the Peruvian health system.

Sectors: Healthcare services, Medical devices and equipment

Reported: 18 Jan 2023

Lack of regulatory framework for green hydrogen market in Peru

Peru's lack of regulatory framework and state-driven incentives for green hydrogen is delaying project development and technology deployment, including for electrolysis, solar panels and carbon capture, utilisation and storage (CCUS). UK government has engaged with Peruvian officials to showcase British …

Sectors: Energy, Environment

Reported: 31 Mar 2022

Lack of export health certificate (EHC) for bovine genetic material in Peru

Peru has not established its sanitary requirements for UK exporters of bovine genetic material yet. UK government has engaged with Peruvian authorities to agree on an EHC to allow for future UK exports.

Sectors: Agriculture, horticulture, fisheries and pets

Reported: 4 Jun 2021

Double Taxation Agreement between UK and Peru to encourage more trade and investment

A Double Taxation Agreement (DTA) with Peru would avoid international double taxation and provide more certainty for UK businesses to enter the market, do business and invest. This would facilitate increased exports and investment between the UK and Peru, and …

Reported: 18 Feb 2020

View all 7 barriers on GOV.UK →

Geographic Region

Latin America and Caribbean

Trading Bloc Memberships

Peru is a member of the following trade agreements and economic blocs.

CPTPP Comprehensive and Progressive Trans-Pacific Partnership Trade Agreement UK Member CAN Andean Community Customs Union UK Agreement PA Pacific Alliance Free Trade Area

Export Guidance

Relevant guidance for exporting to Peru.

Start Your Export Journey

Export to the EU after Brexit Start exporting from the UK Manage your export compliance

Also in This Region

🇦🇷 Argentina 🇧🇸 Bahamas FTA 🇧🇧 Barbados FTA 🇧🇿 Belize FTA 🇧🇴 Bolivia 🇧🇷 Brazil 🇨🇱 Chile FTA 🇨🇴 Colombia FTA

Official Resources

Government export support for Peru.

great.gov.uk Market Guide → GOV.UK Country Information →
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