The Central Bank of Peru published trade balance statistics showing that the accumulated surplus over the last 12 months reached a record USD 23,050 million as of November 2024. For November, exports totalled USD 7,039 million and imports USD 4,615 million, implying a monthly trade surplus of USD 2,424 million. Exports in November rose 18.7% year on year, reflecting a 9.5% increase in average export prices alongside high international metal prices (gold, zinc and copper) and an 8.4% increase in export volumes driven by larger shipments of copper concentrates, hydrocarbons and non-traditional products from the agricultural and steel and metalworking sectors. Imports increased 15.0% year on year, with growth across the main categories; for January to November, exports amounted to USD 68,183 million (+11.6%) and imports to USD 47,380 million (+3.7%), producing a cumulative trade surplus of USD 20,803 million.
Central Bank of Peru 2025-01-20
Central Bank of Peru reports record USD 23,050 million annual trade surplus to November 2024
The Central Bank of Peru reported a record 12-month trade surplus of USD 23,050 million as of November 2024. November exports rose 18.7% year on year to USD 7,039 million, driven by higher metal prices and increased export volumes, while imports grew 15.0% to USD 4,615 million, resulting in a monthly surplus of USD 2,424 million. From January to November, exports totaled USD 68,183 million and imports USD 47,380 million, yielding a cumulative surplus of USD 20,803 million.