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Exports from Special Economic Zones grew 12% in 2022

Exports from Special Economic Zones grew 12% in 2022

Shipments from the EEZs exceeded US$93 million last year. The agricultural and chemical sectors stood out.

The value of the exports from Special Economic Zones (ZEE) located in Peru during 2022 amounted to US$93.9 million, representing an increase of 12% compared to 2021 and 48% compared to 2020, reported the Ministry of Foreign Trade and Tourism (Mincetur).

In said year, the Special Development Zone (ZED) Paita accumulated 86% of the share in total exports, followed by ZED Matarani (10%) and zofratacna (4%). Additionally, the ZEEs generated more than 2,300 direct jobs in the regions of Arequipa, Moquegua, Piura and Tacna.

The Vice Minister of Foreign TradeTeresa Merapointed out that the products exported from the SEZs reached more than 32 international markets, among which stand out Ecuador (32%), Colombia (29%), the United States (7%) and China (6%).

According to information from Mincetur, shared in the ZEE Newsletterthe sectors with the greatest participation in exports from the SEZs were: Agricultural (46%) and Chemical (38%); while the sectors with the highest year-on-year growth were: Textile (+109%) and Mechanical Metal (+53%).

It should be noted that agricultural exports presented a favorable behavior with an increase of 40% compared to 2021. In this, the growth of shipments from the Tacna Free Zone (+53%) and ZED Paita (+44%). Among the main products exported are concentrates for beverages and mangoes.

What are the Special Economic Zones?

The ZEEs are spaces created to strengthen the development of productive activities and services in the different regions of the country. In its facilities there are special regulations on tax and customs matters that are different from the rest of the country, to generate a greater regional economic movement.

Peru has eight ZEEs, of which four are operational. They are located in Tacna (Zofratacna), Piura (ZED Paita), Moquegua (ZED Ilo) and Arequipa (ZED Matarani).

In the Ilo and Matarani Special Development Zones (ZED), companies have been established that provide services to the mining sector. While in Tacna there are companies dedicated to the service of software development, call center, data center and more. For its part, ZED Paita has received investments from the agro-industrial sector.

Source: Larepublica

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