Peru-China trade flows expanded significantly having reached US$9.5 billion between January and June 2017, the Inca country's Foreign Trade and Tourism Ministry (Mincetur) reported on Monday.
In the analyzed period, Peruvian exports to the Asian Giant reached US$5.458 billion, whereas imports totaled US$4.128 billion.
"Trade between both countries rose 30.3% during the first six months of 2017 from the same period last year," Mincetur stated.
"Regarding Peru, sustained growth was registered in the traditional and non-traditional sectors," it added.
Oil and natural gas (272.8%),
fishing (141.6%),
agricultural (103.6%) and
mining (46.7%) spheres contributed to traditional sector's growth.
On the other hand, non-traditional sector's expansion was underpinned by
fishing (235.7%), textile (147.9%), and iron-steel (74.7%) segments.
FTA
The Free Trade Agreement between Peru and China was signed on April 28, 2009, in the city of Beijing. It came into force on March 1, 2010.