Peru’s economy is on track to grow by 4% in 2025, outpacing global averages, as the newly operational Chancay megaport reshapes regional trade dynamics. The $3.5 billion Chinese-built hub, opened in late 2024, has already streamlined commerce between South America and Asia, reducing shipping times by 20% for key exports like copper and agricultural goods.
Infrastructure Driving Growth
Analysts attribute Peru’s forecasted growth to the port’s strategic positioning as a gateway for Latin American exports to Asia. "Chancay gives Peru first-mover advantage in Pacific trade routes," said Lima-based economist Marco Tuesta. "This isn’t just Peruvian growth – it’s accelerating South American integration into Asian supply chains."
Trade Winds Shift
Early data shows a 15% quarterly increase in biopharmaceutical shipments through Chancay since January 2025, with Chinese solar equipment imports rising 9%. The facility’s cold-chain capabilities are bolstering Peru’s $2 billion aquaculture sector, enabling fresh seafood to reach Shanghai markets in 14 days.
While environmental concerns linger about coastal development, the government highlights 22,000 new logistics jobs created. As night falls over Chancay’s 1.8-kilometer wharf, the glow of gantry cranes signals Peru’s ambitions to rival Panama as a Pacific trade nexus.
