New U.S. tariffs imposed earlier this year have accelerated Peru's economic pivot toward China, reshaping trade dynamics in the Andean region. The measures affecting over two-thirds of Peruvian exports—particularly metals and agricultural goods—are driving Lima to strengthen ties with Beijing, already its largest trading partner.
"This isn't just about tariffs; it's about strategic diversification," said Dan Collyns, a Lima-based analyst. "Peru's copper, zinc, and specialty crops now flow eastward through streamlined Chinese trade channels."
China accounted for 32% of Peru's $61 billion total trade in 2023, with bilateral agreements expanding to include technology transfers and infrastructure investments. The shift comes as U.S.-Peru trade dipped 18% year-on-year following the tariff implementation.
Business leaders note increased Chinese interest in Peru's critical minerals, vital for renewable energy technologies. Meanwhile, agricultural exporters are adapting to Chinese certification standards, with avocado and quinoa shipments expected to double by 2025.
This realignment reflects broader trends in Asia-Latin America economic cooperation, offering new opportunities for investors and supply chain strategists navigating shifting global trade patterns.
