Peru

Peru ranked No. 38 in total trade value through June with a total of $6.05 billion. Exports totaled $3.63 billion and Imports totaled $2.42 billion, a surplus of $1.22 billion.

U.S. trade with Peru rose to $6.05 billion through June

Peru’s trade with the United States rose to $6.05 billion through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 18.91 percent below its total trade during the same time period last year. U.S. exports to Peru decreased 22.64 percent while U.S. imports from Peru fell 12.57 percent. The U.S. surplus with Peru was $1.22 billion.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Houston; No. 2 Miami Int’l Airport; No. 3 Port Miami; No. 4 Port of Southern Louisiana, Gramercy, St. James Parish; and No. 5 Port of Philadelphia. During the same period the previous year, the top five were No. 1 Port of Houston; No. 2 Miami Int’l Airport; No. 3 Port Miami; No. 4 Port of New Orleans and No. 5 Port of Greater Baton Rouge, La.. In the current time period, the top five accounted for 40.74 percent of Peru’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston fell 22.26 percent to $727.14 million.
    Exports fell 16.65 percent to $564.11 million. Imports fell 36.95 percent to $163.03 million.
  • Trade with No. 2 Miami Int’l Airport fell 27.97 percent to $635.08 million.
    Exports fell 31.79 percent to $474.53 million. Imports fell 13.69 percent to $160.55 million.
  • Trade with No. 3 Port Miami rose 10.5 percent to $459.71 million.
    Exports rose 13.62 percent to $350.71 million. Imports rose 1.52 percent to $109 million.
  • Trade with No. 4 Port of Southern Louisiana, Gramercy, St. James Parish rose 60.97 percent to $335.51 million.
    Exports rose 66.31 percent to $192.11 million. Imports rose 54.32 percent to $143.4 million.
  • Trade with No. 5 Port of Philadelphia rose 27.3 percent to $307.26 million.
    Exports rose 112.4 percent to $5.61 million. Imports rose 26.36 percent to $301.66 million.

Peru ranked No. 38 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 35.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Peru by value through June were the categories of Gasoline, other fuels; Oil; Plastics; Computers; and Low value shipments, respectively. They accounted for 41.02 percent of total exports to Peru.

The value of the top five categories of U.S. imports from Peru –– Grapes, fresh or dried; Gasoline, other fuels; Avocados, dates, figs, pineapples, etc.; Gold; and Molybdenum ores, concentrates –– accounted for 36.37 percent of all inbound shipments.

Looking more closely at U.S. exports to Peru:

  • Gasoline, other fuels fell 28.32 percent compared to last year to $986.78 million.
  • Oil rose 28.65 percent compared to last year to $218.75 million.
  • Plastics rose 2.74 percent compared to last year to $97.91 million.
  • Computers fell 16.62 percent compared to last year to $96.87 million.
  • Low value shipments fell 22.22 percent compared to last year to $90 million.

Looking more closely at U.S. imports from Peru:

  • Grapes, fresh or dried rose 41.05 percent compared to last year to $363.82 million.
  • Gasoline, other fuels fell 30.25 percent compared to last year to $147.47 million.
  • Avocados, dates, figs, pineapples, etc. fell 0.29 percent compared to last year to $141 million.
  • Gold fell 45.44 percent compared to last year to $119.33 million.
  • Molybdenum ores, concentrates fell 42.36 percent compared to last year to $107.39 million.

In the latest annual figures available, Peru recorded $15.83 billion in trade with the United States. Total U.S. exports to Peru were $ 9.69 billion and imports from Peru were $6.14 billion. The U.S. surplus with Peru was $3.54 billion.