The Central Bank of Peru published trade data showing total exports of USD 6,693 million in January, up 23.9% compared with the same month of 2024. The increase reflected both higher average export prices, up 10.7%, and higher average export volumes, up 12.3%. Export volume growth was driven by higher shipments of traditional products, supported by a recovery in fishmeal production and increased exports of copper concentrate, refined zinc and gold, alongside growth across all non-traditional sectors except fishing and non-metallic mining. Export price gains were attributed mainly to higher international prices for key metals (including zinc, copper and gold), which also lifted prices for siderometallurgical products, and to a lesser extent higher prices for coffee, natural gas and non-traditional fishery products.
Central Bank of Peru 2025-03-17
Central Bank of Peru reports January exports rose 23.9% year on year to USD 6.693 billion
The Central Bank of Peru reported a 23.9% increase in total exports to USD 6,693 million in January, driven by higher export prices and volumes. Growth in volumes was led by traditional products like fishmeal, copper concentrate, refined zinc, and gold, with non-traditional sectors also contributing except for fishing and non-metallic mining. Price increases were mainly due to higher international prices for metals such as zinc, copper, and gold.