Market Profile

Peru’s fast-growing economy is one of Latin America’s top performers, with 18 years of macroeconomic and financial stability to its credit. The world’s second biggest producer of silver, third biggest producer of copper and zinc, fourth biggest of tin and lead and the sixth biggest in gold has a well-established mining, equipment, technology and services (METS) sector.

A significant fiscal stabilisation fund offsets the country’s reliance on resources and the new administration of president Pedro Pablo Kuczynski has committed to higher public investment. The country has pursued numerous trade agreements in the past decade to encourage regional integration and stronger links across the Pacific. It offers emerging opportunities in oil and gas, water technology for mining, agriculture and urban supply; agricultural equipment and services, infrastructure and healthcare.

More information on doing business in Peru

PERU'S MARKET INSIGHTS AND OPPORTUNITIES

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Facts

  • Imports from Peru A$245 million
  • Exports to Peru A$141 million
  • Capital Lima
  • Official Languages Spanish, Quechua, Aymara
  • Area 1,280,000 sq km
  • Population 31.9 million

Events

Australia Future Unlimited Education Pavilions LATAM 2017
30 Mar 2017
Participate in Austrade’s most important education promotion events in Latin America.

More Events

Country information provided by DFAT

Country brief

A comprehensive overview of political, economic and bilateral and regional trade agreements.

» read more at DFAT

Trade and economic fact sheet

Containing general information, recent economic indicators, Australia’s trade and investment relationship with Peru and their global merchandise trade relationship that is updated twice a year.

» read more at DFAT

 

Australia's trade at a glanceAustralia's top ten trading partners

Smartraveller

The Department of Foreign Affairs and Trade’s Smartraveller site provides advice for business travellers and tourists going to Peru. This is regularly updated and should be checked before planning travel.

» read more at DFAT

Business risks

Bribery of Foreign Officials

Extractive Industries Transparency Initiative

The Extractive Industries Transparency Initiative (EITI) is a voluntary mechanism which promotes and supports improved governance in resource-rich countries through the full publication and verification of company payments and government revenues from oil, gas, and mining.

The EITI is supported by governments, industry, and non-government organisations around the world. The Australian Government supports the EITI and encourages Australian companies operating internationally to comply with its recommendations.

OECD Guidelines for Multinational Enterprises

Multinational Enterprises should be aware of the OECD Guidelines for Multinational Enterprises that provide voluntary principles and standards for responsible business behaviour in a variety of areas, consistent with applicable domestic laws. These Guidelines are endorsed and promoted by the Australian Government.

APEC Business Travel Card Scheme

Managed by the Department of Immigration, the APEC Business Travel Card Scheme was developed to make travelling within the 21 APEC member countries much simpler and more efficient.

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