In recent years, Peru has become a significant trading partner for Hong Kong, ranking as the 5th largest export destination in 2023. According to the Hong Kong Trade Development Council, bilateral trade between the two regions reached HK$5.2 billion (approximately US$671 million) in 2023, with Hong Kong's exports to Peru accounting for HK$3.5 billion (approximately US$454 million). This highlights the growing trade relationship between the two regions and the potential for further expansion, especially with the recent implementation of the Peru-Hong Kong Free Trade Agreement.
For local businesses looking to expand their reach into Latin America, it's essential to take full advantage of these flourishing trade opportunities. This guide provides valuable insights into navigating international shipping from Hong Kong to Peru, ensuring your goods reach their destination efficiently and cost-effectively.
Peru as a gateway to the Latin America market
Peru's strategic location in the heart of South America, with close proximity to major markets like Brazil, Chile, and Colombia, makes it an attractive destination for businesses seeking to export to Latin America and South America. The Hong Kong Trade Development Council reports that Peruvian businesses, particularly in Lima, are actively seeking new suppliers of value-for-money products from Asia, presenting a valuable opportunity for Hong Kong exporters. This demand is particularly strong for consumer goods such as apparel, footwear, and homeware, where Hong Kong, with its established sourcing and supply chain network, can play a crucial role.
Additionally, Peru's well-developed infrastructure, including modern ports, airports, and highways, facilitates efficient international logistics operations. In fact, Peru's ports have experienced a 3.02% productivity increase in 2023, handling 54.2 million tons of cargo, as reported by the Infrastructure Investment Supervisory Body of Public Use Transportation.
Furthermore, Peru's commitment to enhancing its trade infrastructure is evident in the expansion project at the Port of Callao, the country's primary maritime gateway. This project not only increases the port's capacity and efficiency but also incorporates green logistics elements, such as electric internal transport vehicles and electric cranes, aligning with Peru's commitment to sustainable development. The expansion aims to accommodate larger vessels, improve cargo handling capabilities, and reduce congestion, further solidifying Peru's position as a key logistics hub in Latin America and a prime gateway for Hong Kong exporters seeking to tap into the region's vast potential.
The Peru-Hong Kong Free Trade Agreement: a new era of trade
The recently signed Free Trade Agreement between Peru and Hong Kong marks a new era of trade cooperation between the two regions. This agreement eliminates or reduces tariffs on a wide range of goods, making it easier and more cost-effective for Hong Kong businesses to export to Peru. It is expected to boost trade and investment flows significantly, opening up new business opportunities in both regions, particularly for those looking to export to Latin America and South America more broadly.
Hong Kong's exports to Peru are currently dominated by telecommunications equipment and parts, accounting for 75% of the total, followed by office machines (3%) and electro-diagnostic apparatus (2%). These sectors are well-positioned to benefit significantly from the Free Trade Agreement. Additionally, this agreement opens up new opportunities for Hong Kong businesses to cater to Peru's main imports, which include raw materials for industry, fuels and lubricants, capital goods, and other consumer goods.
Exporting to Peru: customs procedures you need to know
Understanding Peruvian customs procedures is crucial for successful exporting. These are the documents needed for international shipping from Hong Kong to ensure smooth customs clearance:
- Commercial Invoice: A detailed description of the goods, their value, and the terms of sale.
- Bill of Lading: A document issued by the carrier acknowledging receipt of the cargo for shipment.
- Certificate of Origin: A document certifying the origin of the goods.
- Packing List: A detailed list of the contents of each package.
It's important to note that Peru is a member of the Andean Community, so it adheres to the NANDINA code, a standardized system aligned with the World Customs Organization's Harmonized System. This means that goods are categorized using specific codes to determine import duties and taxes.
Additionally, certain products may require permits or licenses, so it's crucial to research these requirements in advance to avoid delays. For instance, food and beverage importers must submit a sworn application to DIGESA (General Directorate of Environmental Health) with a Certificate of Free Trade and Use from the origin country's health authority, the intended label, and proof of registration. If this certificate isn't available, a document from the Peruvian Consulate in the country of origin is necessary.
Furthermore, certain imports may be subject to anti-dumping and countervailing duties, so it's advisable to check the list beforehand. To potentially avoid these duties, you will require a certificate of origin, which can sometimes cause delays in customs clearance. Similarly, some products, like veterinary products, cosmetics, and perfumes, require registration with the Peruvian Ministry of Health before they can be imported.
Additionally, it is important to note that Peru has restrictions and prohibitions on certain products, including:
- Narcotics and psychotropic substances
- Firearms and ammunition
- Hazardous waste
- Counterfeit goods
- Certain agricultural products
Understanding these restrictions is crucial for businesses involved in import and export activities, especially those dealing with agricultural and food imports. Therefore, businesses should ensure complete compliance by:
- Researching product-specific regulations: Ensure your products comply with Peruvian standards and labeling requirements.
- Partnering with a reliable international courier: Shipping with an experienced logistic service provider like DHL Express eases customs procedures and ensures your goods are delivered safely and efficiently.
- Using proper packaging and labeling: Protect your goods and ensure accurate information for customs clearance.
- Staying updated on regulatory changes: Peruvian customs regulations can change, so stay on the latest updates by checking official sources such as the Superintendencia Nacional de Administración Tributaria website.
DHL Express: your trusted partner for exports from Hong Kong to Peru
DHL Express is your ideal logistics partner for exporting to Peru. Our extensive network, expertise in customs procedures, and reliable services ensure your shipments reach their destination efficiently and on time. We offer comprehensive logistics solutions tailored to exporting to Peru. Our services include international express shipping, customs services, and proactive tracking, all designed to help you achieve your goals.
Plus, by choosing DHL Express, you not only gain a reliable shipping partner but also contribute to a greener future thanks to our DHL Express's GoGreen Plus initiatives. Our GoGreen Plus program allows you to reduce your shipments' carbon footprint by utilizing sustainable aviation fuel (SAF) and better align your business with Peru's sustainability goals.
Open a DHL Express account today to start exporting to Peru with confidence and ease.
