Overview

The United States exported $2.9 billion in merchandise to Peru in 2006, up from $1.6 billion in 2002. That was an 88 percent increase during that period, well above the 50 percent increase in U.S. exports to the world. Peru was the 43rd largest market for U.S goods in 2006, out of a total of 230 markets.

Nineteen states exported more than $20 million in goods to Peru in 2006. Ten of these states exported goods worth more than $50 million, and five exported merchandise worth more than $100 million.

Texas and Florida were the top state exporters to Peru in 2006. Texas recorded merchandise exports of $797 million to Peru, while Florida recorded shipments of $658 million. Together, these two states accounted for 50 percent of total U.S. goods exported to Peru in 2006.

Other states that posted significant export totals to Peru in 2006 were Louisiana ($206 million), Illinois ($198 million), California ($181 million), Georgia ($64 million), New York ($62 million), South Carolina ($58 million), Ohio ($56 million), and New Jersey ($52 million).

Forty-four of the states increased their merchandise exports to Peru from 2002 to 2006. Texas recorded the largest dollar increase, boosting shipments to Peru from $384 million in 2002 to $797 million in 2006, an increase of $413 million. Other states with noteworthy increases in export value to Peru over the 2002–06 period were Florida (up $261 million), Illinois (up $162 million), Louisiana (up $101 million), and California (up $99 million).

Manufactured goods made up 91 percent of U.S. merchandise exports to Peru in 2006. Agricultural and construction machinery was the largest manufactured export category, with $381 million, or 13 percent of total U.S. shipments of merchandise. Other significant manufactured export categories were petroleum and coal products ($282 million); computer equipment ($244 million); communications equipment ($195 million); and resin, synthetic rubber, and synthetic fibers and filaments ($179 million).

In dollar terms, the leading growth category among manufactured exports to Peru was agriculture and construction machinery. Export shipments of these products surged during the 2002–06 period, going from $125 million to $381 million (up $255 million). Other manufactured export categories that registered large dollar growth during this period were petroleum and coal products (up $228 million), computer equipment (up $111 million), basic chemicals (up $93 million), and communications equipment (up $90 million).

In percentage terms, the fastest-growing categories among U.S. manufactured exports to Peru were foundries; iron and steel and ferroalloy; apparel accessories; fibers, yarns, and threads; and leather and hide tanning. All of these rose by more than 400 percent.

A total of 6,056 U.S. companies exported merchandise to Peru in 2005 (the latest year for which data are available). Of those, 4,896 (81 percent) were small and medium-sized enterprises (SMEs), with fewer than 500 employees.

In 2005, U.S. SMEs exported $774 million in merchandise to Peru. This represented 38 percent of total U.S. exports to Peru—well above the 29 percent SME share of U.S. exports to the world.

Charts and Tables

U.S. Exports to Peru Have Increased 88 Percent Since 2002

Agriculture and Construction Machinery Is the Largest Category of Exports to Peru

Texas Recorded the Biggest Growth in Exports to Peru from 2002 to 2006

Nineteen States Exported $20 Million or More to Peru in 2006

State Merchandise Export Totals to Peru, 2002–2006, Ranked by 2006 Export Value