On the eve of APEC Leaders' Week 2024 in Peru, the Ministry of Foreign Trade and Tourism (Mincetur) reported on Wednesday (06.11.2024) that trade in goods between Peru and the economies of the Asia-Pacific Economic Cooperation Forum (APEC) reached USD 51.828 million between January and August 2024. This figure represents an increase of 5,5% compared to the same period of the previous year.
Of this total, the exports Peruvian exports to APEC economies totaled USD 30.901 million, reflecting a growth of 8,4%. Between the products The most notable are the metalworkers silver concentrates, with an increase of 125%, fishing such as fishmeal (119%), natural gas naphtha (96%) and minerals such as gold (16%). In the field agriculture, exports of cocoa beans (309%), coffee (75%) and blueberries (46%) also showed an outstanding performance.
Furthermore, the imports Peru's APEC exports reached USD 20.927 million, which implied a slight increase in the 1,6%This increase was driven by higher purchases of crude oil (135%), polymers (24%), mobile phones (12%) and flat steel (6%).
Mincetur highlighted that since its integration into APEC in 1998, Peru's trade with the Forum's economies has grown more than tenfold, with an average annual expansion rate of 9,9%. In 2023, APEC represented 67% of Peru's total trade with the world, consolidating itself as a key partner for the country.
In this context, Mincetur highlighted the importance of the APEC Leaders' Summit, to be held in Lima from 10 to 16 November 2024This event will not only strengthen economic and trade relations with the Asia-Pacific region, but will also project Peru's image as a host for large-scale international events.
The APEC Forum was founded in 1989 and is composed of Australia, Brunei Darussalam, Canada, Chile, People's Republic of China, Hong Kong, Indonesia, Japan, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, Korea, Taipei, Thailand, United States and Vietnam.
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