Top Peru Imports 2024 Q2: Energy & Machinery

Peru Import Portfolio Overview in 2024 Q2

• Dominated by Mineral Fuels (HS 27, 16.04%) and Machinery (HS 84, 13.17%), reflecting heavy reliance on energy imports and industrial capital goods.
• Concentration risk is moderate; top two sectors account for nearly 30% of imports, exposing Peru to global energy price volatility and supply chain disruptions in machinery.
• This structure underscores Peru’s role as a resource-driven economy dependent on imported energy and equipment to sustain mining, agriculture, and manufacturing output.

Table: Peru Top Import Product in 2024 Q2 (Source: yTrade)

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

• Driven by Petroleum Oils (HS 2710, $1.30B, 61.38% of sector), primarily crude and refined products.
• Product Type: Raw and intermediate materials, essential for transport, power generation, and industrial processes.
• This dominance exists due to Peru’s limited domestic refining capacity and high energy demands from its mining sector, the economy’s backbone. Reliance on imports balances resource wealth with infrastructural gaps.

Table: HS Code 27 Detailed Breakdown

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

• Led by Automatic Data Processing Machines (HS 8471, $230M, 13.27%), indicating focus on computational and control systems.
• Acts as a complement to energy imports, supplying technology and equipment for mining automation, agricultural processing, and industrial efficiency.
• Strategically critical for enhancing productivity in Peru’s key sectors, reducing operational costs, and maintaining competitive export output.

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

• Dominated by Motor Cars (HS 8703, $368.91M, 33.31%) and Trucks (HS 8704, $349.98M, 31.60%), representing finished goods for transport and logistics.
• Functions as a stable legacy import, supporting domestic distribution networks and mobility in a geographically challenging country.
• Role is foundational, not emergent, underscoring persistent demand for road transport equipment linked to export corridors and urban consumption.

Table: HS Code 87 Detailed Breakdown

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Frequently Asked Questions

What is Peru's largest import commodity in 2024 Q2?

The largest import category is Mineral fuels, mineral oils, and products of their distillation (HS 27), valued at $2.11B. This sector is primarily driven by imports of Petroleum oils and oils obtained from bituminous minerals (HS 2710), which alone account for $1.30B (61.38%).

Which specific Mineral fuels products does Peru import most in 2024 Q2?

Within the Mineral fuels sector, the top imports are:

1. Petroleum oils and oils obtained from bituminous minerals (HS 2710) - $1.30B (61.38%)
2. Crude petroleum oils (HS 2709) - $715.89M (33.91%)
   Together, these two products make up 95.29% of Peru’s HS 27 imports.

Does Peru import Nuclear reactors, boilers, and machinery in 2024 Q2?

Yes. Nuclear reactors, boilers, and machinery (HS 84) is the second-largest import sector, valued at $1.73B. The top product in this category is Automatic data processing machines (HS 8471), accounting for $230M (13.27%).

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) - $2.11B (16.04%)
2. Machinery & mechanical appliances (HS 84) - $1.73B (13.17%)
3. Vehicles & parts (HS 87) - $1.11B (8.42%)
   Together, these industries make up 37.63% of total imports.

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.