LIMA, Jan 17, 2019, ANDINA. In 2018, three of the top five destinations for Peruvian exports were Asian countries. China held the first place, followed by South Korea (fourth spot), and India (fifth), the Foreign Trade and Tourism Ministry (Mincetur) informed Tuesday, reported the ANDINA.
Meanwhile, the United States (+15.6%) maintained the second position, and the European Union (+11.2%) the third one.
According to Mincetur, in the last eight years, Peruvian shipments to Asian nations have increased significantly.
“The expansion of exports to Asian countries is mainly underpinned by higher mineral shipments, but also by non-traditional products, whose participation increased from 8% in 2010 to 11% in 2018,” Mincetur said.
The Asian Giant is the top trade partner of the Inca nation and the main destination for its exports.
Between January and November 2018, shipments to China expanded 15%, reaching US$12.147 billion, thus marking a historical record.
The result was driven by greater sales of copper (+18%), accounting for 72% of total exports to China, as well as by non-traditional products.
On the other hand, exports to South Korea increased 23% in the 11-month period, totaling US$2.266 billion.
This new record was due to greater shipments of natural gas (+721%) and non-traditional products.
India and Japan
Furthermore, Peruvian exports to India amounted to US$2.172 billion (+26%), breaking a new record.
This outcome was driven by greater sales of gold (+69%), which represent 90% of total shipments to that country.
It should be noted exports to Japan —which held the sixth position— have also posted a good performance.
Shipments to this nation increased 20.5% (US$1.983 billion) in the aforementioned period.