The new gateway between Asia and the Americas

Peru is South America’s sixth-largest economy and the world’s second-largest copper producer. The decisive change of recent years is the deep-water port of Chancay north of Lima, opened at the end of 2024 — it cuts the route to Asia by around two weeks and reshapes the role of the whole Pacific coast in international trade.

Alongside mining, the economy rests on agricultural exports: Peru has become the world’s leading exporter of blueberries and one of the largest of grapes and avocados. Macroeconomically it is among the region’s most stable countries, with low inflation.

What Peru offers

• The port of Chancay and the shortest route from South America to Asia.
• Mineral wealth, above all copper and silver.
• Fast-growing agricultural exports.
• Low inflation and a long record of prudent monetary policy.

What to watch

The political scene is unstable — presidents have changed with exceptional frequency in recent years. The macroeconomy has held up so far, but any plan should allow for the regulatory environment shifting. In mining areas, disputes with local communities are common.

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