Andina

Peru led Pacific Alliance's exports growth in 2017

Exports. Photo: ANDINA/ Archive.

Exports. Photo: ANDINA/ Archive.

00:01 | Lima, Mar. 1.

Peru led Pacific Alliance's exports growth ranking in 2017 by reaching US$44.502 billion —a 22.6% increase, the Foreign Trade and Tourism Ministry reported.

In this sense, the Inca country surpassed Colombia (+19%), Chile (+9.9%), and Mexico (+9.4%).

Said result is explained by higher exports from hydrocarbons, mining, and agro-industry sectors. 

Oil and natural gas shipments grew 70.4%. In this regard, diesel (+569%) and gasoline (+112%) stood out.

Moreover, mining exports rose 25% —driven by greater sales of zinc (+62%) and copper (+35.4%).

Finally, agro-industry shipments increased 8%, with higher sales of blueberries (+50%) and fresh avocados (+46%).

Pacific Alliance

Pacific Alliance exports experienced an 11% increase in 2017, mainly underpinned by higher shipments of oil and derivatives (+25%), as well as mining products (+21%).

Likewise, the bloc's foreign sales totaled US$557 billion, thus accounting for 4% of world's total shipments.

According to World Trade Organization (WTO), the Pacific Alliance ranked sixth in terms of global exports.

This way, the group —composed of Peru, Mexico, Colombia, and Chile— is only surpassed by total shipments from the European Union, China, United States, Japan, and South Korea. 

(END) FGM/MVB

Published: 3/1/2018