Top Peru Imports 2024 Q3: Energy & Machinery

Peru Import Portfolio Overview in 2024 Q3

• Mineral fuels and machinery dominate, accounting for 17.4% and 12.4% of total import value respectively.
• High concentration risk: Top 3 sectors (fuels, machinery, vehicles) represent 38.7% of imports, indicating reliance on capital goods and energy inputs.
• This structure reflects Peru’s role as a resource-driven economy dependent on imported equipment and fuel to sustain mining and agricultural export sectors.

Table: Peru Top Import Product in 2024 Q3 (Source: yTrade)

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

• Dominant product: Petroleum oils (HS 2710) at $1.28B, 50.6% of sector imports.
• Product type: Finished fuel, primarily refined petroleum for transport and industrial use.
• This reflects Peru’s limited domestic refining capacity and high energy demand from its mining sector, the economy’s primary engine.

Table: HS Code 27 Detailed Breakdown

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

• Leading product: Automatic data processing machines (HS 8471) at $221.6M, 12.3% of sector imports.
• Acts as a complement to fuel imports: Machinery enables extraction and processing in mining and agriculture, directly supporting export capacity.
• Strategically critical for maintaining and modernizing Peru’s industrial and infrastructural base.

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: Motor vehicles for transport (HS 8704) at $430.2M, 33.6% of sector imports.
• Role: Stable legacy demand, driven by logistics needs for mining operations and urban commercial transport.
• Indicates sustained investment in freight and personnel mobility, though growth is tied to cyclical commodity exports.

Table: HS Code 87 Detailed Breakdown

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Frequently Asked Questions

What is Peru's largest import commodity in 2024 Q3?

The largest import category is Mineral fuels, mineral oils and products of their distillation (HS 27), valued at $2.52B. This sector is primarily driven by imports of Petroleum oils and oils obtained from bituminous minerals (HS 2710), which alone account for 50.56% of the sector's value.

Which specific Mineral fuels products does Peru import most in 2024 Q3?

Within the Mineral fuels sector, the top imports are Petroleum oils (HS 2710) at $1.28B and Crude oil (HS 2709) at $1.13B, which together make up 95.26% of total imports in this category.

Does Peru import Nuclear reactors, boilers, and machinery in 2024 Q3?

Yes. Nuclear reactors, boilers, machinery, and mechanical appliances (HS 84) is Peru’s second-largest import sector, valued at $1.80B. The primary driver is Automatic data processing machines (HS 8471), accounting for 12.30% 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) - 17.41% ($2.52B)
2. Machinery & mechanical appliances (HS 84) - 12.43% ($1.80B)
3. Vehicles & parts (HS 87) - 8.84% ($1.28B)

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.