Andina

Peru–China trade reached US$9.50 billion in 1H 2017

Exports. Photo: ANDINA/ Archive.

Exports. Photo: ANDINA/ Archive.

15:31 | Lima, Aug. 21.

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.

(END) MDV/JAA/MVB

Published: 8/21/2017
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