Trade volume reports from Peruvian government or international trade organizations

China Invests $1.3B in Chancay Port, Set to Receive First Shipments from Chile, Transforming Peru into Key Trade Hub

Dec 14, 2024, 11:46 PM

China's $1.3 billion investment in the Chancay port in Peru is set to transform the country into a significant trade hub, enhancing its strategic role in linking South America to Asia. The port symbolizes China's increasing influence in Latin America, reshaping regional trade dynamics. As the Chancay port prepares to receive its first shipments from Chile, it is expected to facilitate faster and more cost-effective trade routes between the two regions. The project has been welcomed by Peruvian farmers, who are celebrating strengthened ties with China following a recent visit by President Xi Jinping to Lima. The Chancay port is seen as a multimodal logistics hub that directly connects to Shanghai, further emphasizing its importance in the Asia-Pacific logistics network.