Hong Kong - Peru Trade Relations
PERU AND HONG KONG ARE IMPORTANT TRADING PARTNERS
- In 2023, Peru was Hong Kong's 5th largest trading partner in Latin America and 46th worldwide. Hong Kong was Peru's 36th largest trading partner in 2023.
- In 2023, bilateral merchandise trade between Peru and Hong Kong increased by 1.2% over 2022, amounted to HK$5,231.2 million. The average annual growth rate from 2019 to 2023 was 4.0%.
- Hong Kong imported HK$1,690.2 million worth of goods from Peru in 2023. Major imports included vegetables and fruit; fish (not marine mammals), crustaceans, molluscs and aquatic invertebrates, and preparations thereof; and watches and clocks.
- In 2023, Hong Kong's domestic exports of goods to Peru amounted to HK$5.0 million. Major domestic exports to Peru included plastics in non-primary forms; non-ferrous metals; and textile yarn, fabrics, made-up articles, and related products.
- Hong Kong's re-exports of goods to Peru totalled HK$3,536.0 million in 2023. Major re-exports were telecommunications equipment; office machines and automatic data processing machines; and electrical machinery, apparatus and appliances, and electrical parts thereof.
HONG KONG IS AN IMPORTANT ENTREPÔT FOR SINO-PERU TRADE
- Hong Kong is an important entrepôt for merchandise trade between Peru and Mainland China. In 2023, about HK$4,533.8 million, representing around 1.5% of the total trade between Peru and Mainland China, was routed through Hong Kong.
HONG KONG IS AN IMPORTANT LOCATION FOR PERUVIAN INTERESTS
- Hong Kong is a separate customs territory and participates in the World Trade Organization as a full and separate member, using the name "Hong Kong, China".
- Hong Kong welcomes overseas investment and offers an environment in which there is a free flow of capital and return on investment without exchange controls.
| Summary of Hong Kong's Trade with Peru (in HK$ million) | ||||
|---|---|---|---|---|
| 2022 | % change 2022/2021 |
2023 | % change 2023/2022 |
|
| Domestic Exports | 18.0 | +41.7 | 5.0 | -72.4 |
| Re-exports | 2,952.8 | -37.5 | 3,536.0 | +19.7 |
| Total Exports | 2,970.9 | -37.3 | 3,541.0 | +19.2 |
| Imports | 2,199.3 | -5.7 | 1,690.2 | -23.1 |
| Total Trade | 5,170.2 | -26.9 | 5,231.2 | +1.2 |
Prepared by:
Trade and Industry Department
The Government of the Hong Kong
Special Administrative Region
Trade and Industry Tower,
3 Concorde Road, Kowloon City,
Hong Kong
Telephone: (852) 2398 5405
Website: www.tid.gov.hk
Sep 2024
Note: While every effort is made to ensure the accuracy of the above information, the Department cannot guarantee this to be so and will not be held liable for any reliance placed on the same.