Top Peru Imports 2024: Energy & Machinery Dominance

Peru Import Portfolio Overview in 2024 Whole Year

• Dominant sectors: Mineral fuels (HS 27, 16.41%, $9.03B) and machinery (HS 84, 12.86%, $7.08B) lead imports.
• High concentration risk: Top three sectors (fuels, machinery, vehicles) comprise 38% of total import value, indicating reliance on critical inputs.
• Economic narrative: Peru’s import structure reflects an economy dependent on energy imports and capital goods to support mining-driven growth and infrastructure development.

Table: Peru Top Import Product in 2024 (Source: yTrade)

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Import Key Driver: Mineral Fuels, Mineral Oils and Products of Their Distillation; Bituminous Substances; Mineral Waxes

• Primary product: Petroleum oils (HS 2710, $4.66B, 51.57% of sector).
• Product type: Raw material (crude/refined petroleum).
• Insight: Peru imports refined fuels due to limited domestic refining capacity, despite being a net oil exporter. This highlights infrastructure gaps in downstream processing, forcing reliance on imports for domestic consumption and mining sector energy needs.

Table: HS Code 27 Detailed Breakdown

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Import Key Driver: Nuclear Reactors, Boilers, Machinery and Mechanical Appliances; Parts Thereof

• Primary product: Automatic data processing machines (HS 8471, $933.58M, 13.19% of sector).
• Complementary role: Supports mining and industrial operations with specialized equipment (e.g., HS 8429 for bulldozers, HS 8431 for boring machinery).
• Strategic importance: Machinery imports are essential for maintaining Peru’s mining productivity and export competitiveness, directly enabling extraction and processing activities.

Table: HS Code 84 Detailed Breakdown

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Import Key Driver: Vehicles Other Than Railway or Tramway Rolling-Stock, and Parts and Accessories Thereof

• Primary product: Passenger vehicles (HS 8703, $1.58B, 32.98% of sector) and freight transport vehicles (HS 8704, $1.53B, 32.05%).
• Role: Stable legacy demand for transportation infrastructure, supporting logistics for mining exports and urban mobility.
• Note: High value in parts (HS 8708) indicates maintenance needs for existing fleets, underscoring operational reliance on imported components.

Table: HS Code 87 Detailed Breakdown

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Frequently Asked Questions

What is Peru's largest import commodity in 2024 Whole Year?

The largest import category is Mineral fuels, mineral oils and products of their distillation (HS 27), valued at $9.03B. This sector is primarily driven by imports of Petroleum oils and oils obtained from bituminous minerals (HS 2710), which alone account for 51.57% of the sector's total value.

Which specific Mineral fuels products does Peru import most in 2024 Whole Year?

Within the Mineral fuels sector, the top imports are Petroleum oils (HS 2710) at $4.66B and Crude petroleum oils (HS 2709) at $3.93B, which together make up 95.05% of the sector's imports.

Does Peru import Nuclear reactors, boilers, and machinery in 2024 Whole Year?

Yes. Nuclear reactors, boilers, and machinery (HS 84) is Peru’s second-largest import sector, valued at $7.08B. The primary driver is Automatic data processing machines (HS 8471), accounting for 13.19% of the sector’s imports.

What are the main industries driving Peru's economy?

Peru’s import economy is heavily reliant on three key sectors:

1. Mineral fuels (HS 27) - $9.03B (16.41%)
2. Machinery & mechanical appliances (HS 84) - $7.08B (12.86%)
3. Vehicles & parts (HS 87) - $4.78B (8.69%)

How to find Peru Mineral fuels buyers?

You can access a list of active overseas buyers and importers for Mineral fuels (HS 27) using the yTrade database, which provides detailed shipment records and company contacts.

Detailed Quarterly Report

Peru Top Import Product 2024 Q1Peru Top Import Product 2024 Q2Peru Top Import Product 2024 Q3Peru Top Import Product 2024 Q4