According to the Economic Complexity Index, Peru was the world’s number 50 top GDP in 2020, the number 53 country in export earnings and the number 59 country in goods imported, the number 94 economy in terms of GDP per capita, and the number 89 most complicated economy.
Copper oxide, gold, refined copper, gasoline, and animal meal and pellets are Peru’s biggest exports, mostly to China, the United States, S. Korea, Canada, and Japan.
Peru’s biggest imports include refined petroleum, transmission equipment, computers, automobiles, and petroleum products, with China, the United States, Brazil, Chile, and Argentina providing for the majority of these items.
Peru, located in South America, is one of the largest countries in the region, with a constantly increasing economy. This economic expansion is driven mostly by the export industry, which provides significant foreign exchange for funding imports and repaying international debt.
Services, manufacturing, and industries are other key sectors. The Peruvian economy has been strengthened by increased foreign investments as a result of economic reforms and the development of the export industry. Poverty and unemployment rates have decreased as a result.
Peru’s geography is diversified, including mountains, river basins, and plains. On the west, it borders the Pacific Ocean, which is home to the majority of Peru’s ports. There are roughly 40 ports in the country, including seaports and river ports.