Peru Foreign Trade and the Balance of Payments
Sources: The Library of Congress Country Studies; CIA World Factbook
Foreign trade has always been a crucial factor in Peruvian economic growth, sometimes as a major stimulus and sometimes more as a source of disruptive shocks. Falling external demand can set the whole economy back quickly, and at all times import competition can constrain the development of domestic industries. Many Peruvians believe that the society would be healthier and the economy more dynamic if foreign trade were tightly restricted. Many others favor taking maximum advantage of the opportunities opened up by external trade, even if the structure of production were pulled toward export specialization at the cost of greater diversification and industrialization.
Data as of September 1992
NOTE: The information regarding Peru on this page is re-published from The Library of Congress Country Studies and the CIA World Factbook. No claims are made regarding the accuracy of Peru Foreign Trade and the Balance of Payments information contained here. All suggestions for corrections of any errors about Peru Foreign Trade and the Balance of Payments should be addressed to the Library of Congress and the CIA.