The Central Bank of Peru published external sector data showing that the accumulated goods trade balance surplus over the last four quarters rose to 8.6% of gross domestic product (GDP) in the second quarter of 2025, up from 4.2% of GDP in the first quarter of 2023, in a context of favourable terms of trade. The goods trade surplus in Q2 2025 reached USD 5,663 million, marking 20 consecutive quarters of trade surpluses. The Q2 2025 surplus was USD 542 million higher than in the same period of 2024, driven mainly by higher export prices for traditional mining products and non-traditional fishery, siderometallurgical and chemical products, reinforced by higher volumes of non-traditional fishery and agricultural exports and, to a lesser extent, lower import prices for oil and industrial inputs. Exports totalled USD 19,328 million in Q2 2025, up 9.6% year on year, reflecting an 11.1% rise in export prices and a 29.3% increase in non-traditional export volumes, led by fishery (120.9%) and agriculture (40.9%).
Central Bank of Peru 2025-08-29
Central Bank of Peru reports goods trade surplus at 8.6% of GDP and USD 5.663 billion in Q2 2025
The Central Bank of Peru reported that the goods trade balance surplus rose to 8.6% of GDP in Q2 2025, up from 4.2% in Q1 2023, amid favorable trade conditions. The Q2 2025 surplus reached USD 5,663 million, driven by higher export prices and volumes, particularly in mining, fishery, and agriculture, alongside lower import prices for oil and industrial inputs. Exports totaled USD 19,328 million, a 9.6% year-on-year increase.