Peru and Ecuador will strengthen trade exchange through the port of Chancay

Published 2025년 3월 4일

Tridge summary

Peru and Ecuador are set to boost their trade relations through the development of the Chancay megaport, which is expected to lower logistics costs and enhance connectivity with Asia. This will primarily benefit the agribusiness and manufacturing sectors. In 2024, trade between the two countries reached $2,666 million, with Peru exporting $1,058 million and importing $1,608 million. Key products included animal feed, copper wire, and fishmeal, alongside imports of oil, particle board, and copper minerals from Ecuador. The Chancay megaport's efficiency in connecting Peru with China and other Asian destinations will provide new logistics and investment opportunities. Both nations stress the importance of innovation, sustainability, and technology in strengthening supply chains and enhancing the competitiveness of the agroindustry, manufacturing, and service sectors.

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Original content

Peru and Ecuador have great potential to continue strengthening their trade through the Chancay megaport, which will reduce logistics costs and improve connectivity with Asia. The most benefited sectors would be agribusiness and manufacturing, said the director of the Association of Exporters (ADEX), Doryan Zea Valenzuela. During a meeting between the association and representatives of ProEcuador – an institution that organizes a trade mission of businessmen from his country to this port terminal – he highlighted that trade (exports and imports) between both nations amounted to $2,666 million in 2024. “Our shipments to that market totaled $1,058 million last year, while imports reached $1,608 million, highlighting products such as animal feed, copper wire and fishmeal. Ecuador's offer included oil, particle board and copper minerals from Ecuador,” he said. Asia Zea Valenzuela said that the Chancay megaport will allow a more efficient connection with China and other Asian ...

Source: AgroPeru