Peru is not only an exporter of raw materials. In recent years, the export of services has also gained notoriety, experiencing a growth of 40% from 2012 to 2022, reaching a total of US$4.94 billion in this last year.
According to the vice minister of Foreign Trade, Teresa Mera GomezOf that figure, business services accounted for most of the profits, reaching US$1,239 million.
Regarding destinations, the Latin American market is positioned as the main recipient of knowledge-based services, with a 65% share, followed by the United States, Mexico and Canada, which together represent 15%. The European Union and Asia, for their part, have 15% and 5% participation, respectively.
According to Mera Gómez, the service trade It is currently becoming a relevant player in global trade and has reached a 24% share.
Will continue to grow
The Commission for the Promotion of Peru for Exports and Tourism (Promperú) reported that during the first quarter of 2023, service exports exceeded US$1,228 million.
Based on these data, Ricardo Limo, director of Export Promotion of said entity, projects a 10% year-on-year growth in this sector by the end of the current year.
Limo attributes this solid performance to the resilient nature of the sector that is not directly affected by factors such as social conflicts and weather phenomena, elements that have contributed to the economic slowdown.
Peruvian software and animation in the world
Services related to animation and software are among the most requested by international companies.
Henry Gates, creative director of Zeppelin Creative Studio, points out that partly thanks to the quality of the animation produced in Peru and the awards obtained in advertising and short films, The Peruvian industry is gaining recognition international.
However, Gates acknowledges that one of the biggest challenges they face is finding representatives abroad.
For its part, Juan Diazmanager of Software Enterprise Services, points out that it has already exported its services to 12 countries, including Uruguay, Chile, Colombia, Mexico, Canada and the United States.
However, he highlights that one of the most pressing challenges is access to certifications that support them.
US$90 million in negotiations
According to Promperú, the Peru Service Summit 2023 will bring together more than 70 international contractors interested in the business services and solutions that will be offered at the 12th edition of this event, which will be held from October 18 to 21 at the Los Delfines hotel.
As a result of the business negotiations, placements of US$90 million are projected to be completed over the course of the next 12 months.
The word
Teresa Mera, Vice Minister of Foreign Trade
“Last year we achieved a recovery in the export levels of business services. Currently, tourism and transportation are in the process of recovery.”
Source: Larepublica
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