Andina

Pacific Alliance: Peru-Chile trade totals US$2.546 billion in 2018

14:00 | Lima, Jul. 3.

The Peru-Chile annual trade amounted to US$2.546 billion, with a negative trade balance —of US$88 million— for Peru, at the end of 2018, the Association of Peruvian Exporters (Adex) reported Wednesday.

Peruvian exports totaled US$1.229 billion, whereas imports reached merely US$1.317 billion during the same period.

Peru, Chile, Mexico and Colombia make up the Pacific Alliance, whose 14th summit takes place in the Inca country's capital from July 1 to 6.

Presidents Sebastian Piñera (Chile), Ivan Duque (Colombia), Andres Manuel Lopez Obrador (Mexico), and Martin Vizcarra (Peru) will meet in Lima to discuss the future of the bloc for the coming decade.

Peru's principal exports to Chile include minerals like molybdenum (US$199.6 million), crude oils (US$87.8 million), sulfuric acid (US$68.9 million), avocados (US$35.2 million), among other products.

Meanwhile, imports from the southernmost country in the world mostly include steel rods (US$119.4 million), polypropylene (US$48.5 million), fresh apples (US$37.9 million), pine sawn timber (US$31 million), frozen mackerel (US$27.2 million), among other products.

January-April period 

In January-April 2019, trade totaled US$800 million, with a negative balance —of US$49 million— for Peru.

Likewise, during the first four months of the year, Peruvian exports to Chile reached US$375 million, while imports increased to US$424 million.

(END) MDV/RMB/MVB

Published: 7/3/2019