Trade of goods and services between Peru and Brazil has doubled in the last five years since the signing of the Economic Complementation Agreement (ECA) Nº 58 within the framework of the Southern Common Market (Mercosur), going from US$1.4 billion in 2005 to nearly US$3 billion in 2010.
Brazilian imports are mainly inputs such as copper, zinc and silver. However, these imports also include textiles, garments and agro-industrial products, BBVA Banco Continental reported Tuesday.
In turn, Peruvian purchases to the neighbouring country include crude petroleum, manufactured products of iron and steel and capital goods such as trucks, buses, trailers, and construction and mining equipment, noted the report.
The document further indicated that these figures show that trade relation between both countries is strengthening and that there is still room to continue growing stronger.
Peru exported around US$900 million to Brazil last year, while shipments doubled in the last decade.
In the first five months of 2011, Peruvian exports to Brazil soared 80 percent, reaching US$540 million in May.
Brazil has more than 150 million of consumers, becoming a market full of opportunities for Peru.(Andina)
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