The Central Bank of Peru reported that Peru's terms of trade increased 20.9 percent year on year in April 2026, as a 33 percent rise in export prices outpaced a 10 percent increase in import prices. The update points to favorable external price conditions for Peru's main exports. Export prices were driven higher mainly by copper, up 47.3 percent, gold, up 46.2 percent, and fishmeal, up 53 percent. Import prices rose because of higher prices for oil and petroleum products. Compared with March 2026, however, the terms of trade fell 6.3 percent, mainly due to a 21.6 percent increase in oil prices.
Central Bank of Peru2026-06-20
Central Bank of Peru reports April terms of trade up 20.9 percent on higher export prices
The Central Bank of Peru said Peru's terms of trade rose 20.9 percent year on year in April 2026, supported by a 33 percent increase in export prices against a 10 percent rise in import prices. Export gains were led by copper, gold and fishmeal, while on a monthly basis the terms of trade fell 6.3 percent from March mainly because of higher oil prices.