Applied tariffs
Simple average MFN applied
2023
2.3 %
Trade-weighted MFN average
2023
1.7 %
Share of MFN duty-free
2023
69.1 %
Bound tariffs
Simple average bound
29.6 %
Binding coverage
100.0 %
Share of bound duty-free
1.8 %
Imports
Total imports: 54,930.7 million USD in 2024
Imports by partner
China
28.8 %
15,806.6
million USD
United States of America
18.2 %
9,999.3
million USD
European Union
9.0 %
4,952.7
million USD
Brazil
6.3 %
3,473.6
million USD
Argentina
5.2 %
2,880.4
million USD
Mexico
3.1 %
1,682.9
million USD
Ecuador
2.9 %
1,616.4
million USD
Colombia
2.7 %
1,486.0
million USD
Canada
2.6 %
1,431.1
million USD
Chile
2.3 %
1,253.7
million USD
Rest of the World
18.8 %
10,347.9
million USD
Imports by products HS 2022
270900
Petroleum oils and oils obtained from bituminous minerals, crude
7.1 %
3,925.4
million USD
271019
Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, n.e.s.
3.8 %
2,112.1
million USD
271020
Petroleum oils and oils obtained from bituminous minerals (other than crude) and preparations n.e.s. or included, containing by weight 70Â % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, containing biodiesel (excl. waste oils)
3.1 %
1,720.1
million USD
851713
Smartphones for wireless networks
2.0 %
1,096.3
million USD
100590
Maize (excl. seed for sowing)
1.8 %
980.0
million USD
271012
Light oils and preparations, of petroleum or bituminous minerals which >= 90% by volume "incl. losses" distil at 210°C "ASTM D 86 method" (excl. containing biodiesel)
1.5 %
822.9
million USD
870322
Motor cars and other motor vehicles principally designed for the transport of <10 persons, incl. station wagons and racing cars, with only spark-ignition internal combustion reciprocating piston engine of a cylinder capacity > 1.000 cm³ but <= 1.500 cm³ (excl. vehicles for travelling on snow and other specially designed vehicles of subheading 8703.10)
1.3 %
733.2
million USD
230400
Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil
1.3 %
689.5
million USD
100199
Wheat and meslin (excl. seed for sowing, and durum wheat)
1.1 %
626.1
million USD
847130
Data-processing machines, automatic, portable, weighing <= 10 kg, consisting of at least a central processing unit, a keyboard and a display (excl. peripheral units)
1.0 %
568.4
million USD
Rest of the products
75.8 %
41,656.7
million USD
Exports
Total exports: 74,032.9 million USD in 2024
Exports by destination
China
33.6 %
24,839.1
million USD
United States of America
12.9 %
9,581.6
million USD
European Union
11.1 %
8,243.9
million USD
India
6.3 %
4,693.7
million USD
Canada
5.2 %
3,840.3
million USD
Japan
4.6 %
3,375.3
million USD
Switzerland
3.6 %
2,646.0
million USD
Chile
2.8 %
2,108.3
million USD
Korea, Republic of
2.7 %
2,027.0
million USD
United Arab Emirates
2.6 %
1,937.8
million USD
Rest of the World
14.5 %
10,739.9
million USD
Exports by products HS 2022
260300
Copper ores and concentrates
27.7 %
20,489.2
million USD
710812
Gold, incl. gold plated with platinum, unwrought, for non-monetary purposes (excl. gold in powder form)
17.2 %
12,756.3
million USD
740311
Copper, refined, in the form of cathodes and sections of cathodes
3.4 %
2,518.7
million USD
081040
Fresh cranberries, bilberries and other fruits of the genus Vaccinium
3.0 %
2,211.9
million USD
260800
Zinc ores and concentrates
2.4 %
1,759.3
million USD
260111
Non-agglomerated iron ores and concentrates (excl. roasted iron pyrites)
2.4 %
1,752.5
million USD
080610
Fresh grapes
2.3 %
1,726.3
million USD
230120
Flours, meals and pellets of fish or crustaceans, molluscs or other aquatic invertebrates, unfit for human consumption
2.2 %
1,620.4
million USD
261390
Molybdenum ores and concentrates (excl. roasted)
2.1 %
1,571.3
million USD
271019
Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, n.e.s.
2.0 %
1,510.1
million USD
Rest of the products
35.3 %
26,116.8
million USD
Preferential regimes provided by Peru
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Peru as a beneficiary based on other economies reported preferential regimes
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