With a population of 28.7 million, Peru exported US$5.9 billion worth of merchandise to the United States in 2006, up 14.8% from 2005 and up 203.3% in 4 years.
Peruvian imports from the U.S. rose 26.7% to $2.9 billion in 2006, up 87.3% since 2002.
In terms of the merchandise flow between the two countries, America’s trade deficit with Peru was $2.9 billion in 2006, up 683% from 2002. The U.S. trade deficit with South America's 7th richest country increased 5% in 2006 – down from the 75.5% deficit increase in 2005 from the year earlier.
Peruvian Exports to U.S.
Of the $5.9 billion in American imports from Peru in 2006, the following product categories had the highest values.
- Gold …US$1.4 billion (24% of Peru to U.S. exports, down 9.5% from 2005)
- Copper … $1.0 billion (17.1%, up 80.2%)
- Cotton apparel & household goods … $789 million (13.4%, up 5%)
- Other petroleum products … $452.8 million (7.7%, down 2.4%)
- Fuel oil … $298.9 million (5.1%, up 33.3%)
- Vegetables & preparations … $278.7 million (4.7%, up 25.8%)
- Other precious metals … $226.7 million (3.9%, up 23.5%)
- Tin … $197.6 million (3.4%, up 31.4%)
- Zinc … $125.6 million (2.1%, up 45.5%)
- Green coffee … $120.1 million (2%, up 52.3%)
Fastest-Growing Peruvian Exports to U.S.
Below are American imports from Peru in 2006 with the highest percentage sales increases from 2005.
- Semi-finished iron & steel mill products … US$2.4 million (up from $0 in 2005)
- Liquified petroleum gases … $1.8 million (up 45,000% from 2005)
- Advanced iron & steel manufactured goods … $1.1 million (up 380%)
- Engine & engine parts … $1.3 million (up 283%)
- Unmanufactured steelmaking & ferroalloying materials … $56.4 million (up 252%)
Peruvian Imports from U.S.
Of the $2.9 billion in American exports to Peru in 2006, the following product categories had the highest values.
- Fuel oil … US$199 million (6.8% of Peru from U.S. imports, up 3.1% from 2005)
- Plastic materials … $164.7 million (5.6%, up 17.5%)
- Excavating machinery … $159.4 million (5.4%, up 69.2%)
- Computer accessories … $154.2 million (5.3%, up 10%)
- Other household goods … $149.3 million (5.1%, up 115.5%)
- Materials handling equipment … $129.1 million (4.4%, up 36.8%)
- Other industrial machines … $114.9 million (3.9%, up 44.8%)
- Organic chemicals … $110.1 million (3.8%, up 16.4%)
- Other petroleum products … $97.8 million (3.3%, up 101.3%)
- Industrial engines … $94.3 million (3.2%, up 21.9%)
Fastest-growing Peruvian Imports from U.S.
Below are American exports to Peru in 2006 with the highest percentage sales increases from 2005.
- Soybeans… US$4.2 million (up 1,024% from 2005)
- Meat & poultry … $2.4 million (up 275%)
- Animal feeds … $15.8 million (up 217%)
- Generators & accessories … $55.2 million (up 164%)
- Other iron & steel products … $15.9 million (up 140%)
Sources
This analysis is based on latest statistics from the US Census Bureau - Foreign Trade Statistics and CIA World Factbook as of the date of article publication.
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