Stable with slight growth due to increasing demand for electronics in Peru
Special Rates
Preferential Rate
0%
Applicable under the Peru-United States Trade Promotion Agreement for qualifying goods originating from the U.S.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US Increases DRAM Imports from Peru Amid Global Chip Shortage
The United States has ramped up imports of Dynamic Random Access Memory (DRAM) chips from Peru to address ongoing global semiconductor shortages, with a reported 20% increase in trade volume over the past quarter.
2023-10-15
Impact: This surge in imports is expected to strengthen bilateral trade ties and stabilize US supply chains for electronics manufacturing, though it may face scrutiny under domestic production policies.
Peru Expands DRAM Production Capacity for US Market
Peruvian semiconductor manufacturers announced new investments in DRAM production facilities, targeting the US market as a key export destination under favorable trade agreements.
2023-09-22
Impact: Increased production capacity in Peru could lead to more competitive pricing for DRAM in the US, potentially benefiting tech industries while raising concerns about over-reliance on foreign supply.
US-Peru Trade Talks Highlight DRAM Supply Chain Collaboration
Recent trade discussions between the US and Peru emphasized collaboration on semiconductor supply chains, with a focus on DRAM trade to ensure steady supply amidst geopolitical tensions in other regions.
2023-08-10
Impact: These talks may result in long-term trade agreements, enhancing Peru's role as a reliable DRAM supplier to the US and reducing dependency on traditional Asian markets.
Policy Updates
US-Peru Free Trade Agreement Review on Semiconductor Tariffs
The US and Peru are reviewing provisions of their 2009 Free Trade Agreement to potentially lower tariffs on semiconductor products, including DRAM (HS Code: 8542.32), to encourage bilateral trade and secure supply chains.
