Major Economic Sectors
The services sector in the economy of Peru has a bigger share in the total GDP and account for 65% of GDP, followed by industries sector including mining, accounts for 26% and agriculture for 9%.
The important industries in Peru are steel, textiles, cement, petroleum, and clothing. The most important agricultural products in Peru are fish, rice, diary, wheat, cotton, and potatoes.
There has been a significant development in mining and industry sector over the past decades but the development of agriculture, particularly for the domestic market, has been slow.
Peru has experienced both trade surplus and also balance of payment surplus in recent years. The mining and fisheries production are the two main traditional export categories. Due to a high volume of growth, mainly gold and copper, mining's share of exports has augmented in recent years while exports of agricultural and fisheries products have fallen.
Peru's other export items are copper, manufacturing, lead, coffee, sugar and cotton and depends on the countries such as US, Germany, Switzerland and Brazil for exporting its products.
Major importable items of Peru are petroleum, iron and steel, and food items. And the country's important import partners are Brazil, Chile and US.
This site provides an overview of the economy of Peru. For more on Peru, visit: 123independenceday.com