Top Peru Imports 2024 Q4: Market Insights

Peru Import Portfolio Overview in 2024 Q4

• Dominated by capital and intermediate goods: Mineral Fuels (HS 27, 14.55%) and Machinery (HS 84, 13.37%) lead, reflecting industrial and transport sector demand.
• Moderate concentration risk: Top three sectors (HS 27, 84, 87) account for 36.7% of total imports, indicating diversified but resource-driven input needs.
• Aligns with Peru’s extractive-led economy: High machinery and fuel imports support mining, agriculture, and urban infrastructure development.

Table: Peru Top Import Product in 2024 Q4 (Source: yTrade)

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Import Key Driver: Mineral Fuels

• Primary product: Petroleum Oils (HS 2710, 51.6% of sector), crude and refined.
• Product type: Raw and intermediate material, essential for energy and transport.
• Driven by domestic energy deficit: Peru relies on imports to supplement insufficient refining capacity and fuel mining/logistics operations.

Table: HS Code 27 Detailed Breakdown

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Import Key Driver: Nuclear Reactors & Machinery

• Lead product: Automatic Data Processing Machines (HS 8471, 14.3% of sector).
• Acts as a complement to fuel imports: Machinery enables extraction, processing, and transport efficiency in mining and agriculture.
• Strategically critical: Supports productivity in key export sectors (copper, agriculture) and urban service infrastructure.

Table: HS Code 84 Detailed Breakdown

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Import Key Driver: Vehicles

• Core product: Motor Cars (HS 8703, 31.5%) and Trucks (HS 8704, 30.7%).
• Role: Stable demand for transport and logistics, tied to geographic challenges and commodity supply chains.
• Indicates infrastructure growth: Vehicle imports support both urban mobility and rural/industrial freight networks.

Table: HS Code 87 Detailed Breakdown

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Frequently Asked Questions

What is Peru's largest import commodity in 2024 Q4?

The largest import category is Mineral fuels, mineral oils and products of their distillation (HS 27), valued at $2.18B. This sector is primarily driven by imports of Petroleum oils and oils obtained from bituminous minerals (HS 2710), which alone account for 51.61% of the sector's total value.

Which specific Mineral fuels products does Peru import most in 2024 Q4?

Within the Mineral fuels sector, the top imports are Petroleum oils (HS 2710) at $1.12B and Crude petroleum oils (HS 2709) at $916.34M, which together account for 93.69% of the sector's imports.

Does Peru import Nuclear reactors, boilers, and machinery in 2024 Q4?

Yes. Nuclear reactors, boilers, and machinery (HS 84) is the second-largest import sector, valued at $2.00B. The primary driver is Automatic data processing machines (HS 8471), which makes up 14.25% 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) - $2.18B (14.55%)
2. Machinery & mechanical appliances (HS 84) - $2.00B (13.37%)
3. Vehicles & parts (HS 87) - $1.31B (8.76%)

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.