The Central Bank of Peru published trade data showing Peru’s total exports reached USD 75,916 million in 2024, a nominal increase of 12.4% year on year, supported by both higher export prices and larger volumes. Export volumes grew 4.3% on the year, reflecting a recovery in fishmeal and fish oil production, increased gold exports and higher natural gas sales, alongside a rebound in non-traditional agricultural and textile exports and stronger international demand for chemical and siderometallurgical products. Export prices rose 7.8%, driven by elevated mining commodity prices and higher prices for non-traditional agricultural products, linked to adverse weather conditions that reduced Peru’s fruit supply in global markets early in the year. In December 2024, exports totalled USD 6,986 million, up 9.2% year on year, largely due to a 9.4% increase in the average export price in line with higher international metal prices.
Central Bank of Peru 2025-02-18
Central Bank of Peru reports 2024 exports rose 12.4% to USD 75,916 million
The Central Bank of Peru reported that Peru's total exports reached USD 75,916 million in 2024, marking a 12.4% nominal increase year on year. This growth was driven by a 4.3% rise in export volumes, notably in fishmeal, gold, and natural gas, and a 7.8% increase in export prices, influenced by higher mining commodity prices and adverse weather affecting agriculture. December 2024 exports amounted to USD 6,986 million, reflecting a 9.2% year-on-year increase due to elevated international metal prices.