Peruvian Exports to the UK are rocketing. The UK is now the number one EU export destination country for Peruvian products, according to figures released by the Peruvian inland revenue. In 1999 gold imports nearly trebled, and silver imports rocketed by 686 percent.
Gold now represents a fifth of the value of Peruvian exports.
This meteoric rise is owed mostly to increased national production, coupled with a decrease in price compared to the previous year. Currently Peru is the fastest export-developing country to the UK in South America, after Venezuela. The Embassy in London also reported that the UK has this year consolidated its position as the third largest foreign investor in Peru. Much of this investment is going into mining, finances and general industry. There is already a plan to modernise transports by the privatisation of ports, airports and roads.