The Central Bank of Peru published March 2026 terms of trade data showing a 32.4 percent increase from a year earlier, as export prices rose much faster than import prices. The indicator, which measures the relationship between export and import prices, was lifted by a 38.7 percent year-on-year increase in export prices, while import prices increased 4.8 percent. Export price gains were driven mainly by higher prices for gold, up 62.6 percent, copper, up 55.5 percent, and fishmeal, up 41.3 percent. Import prices rose because of higher prices for petroleum and petroleum products. Compared with the previous month, terms of trade fell 2.4 percent, mainly due to higher oil prices.
Central Bank of Peru2026-05-20
Central Bank of Peru reports March 2026 terms of trade up 32.4 percent as export prices surge
The Central Reserve Bank of Peru reported that March 2026 terms of trade rose 32.4 percent year-on-year, as export prices increased 38.7 percent and import prices 4.8 percent. Export price gains were led by gold, copper and fishmeal, while higher petroleum and petroleum product prices lifted import prices. On a monthly basis, terms of trade fell 2.4 percent, mainly due to higher oil prices.