The Central Bank of Peru published data showing Peru’s terms of trade increased 17.6% in June compared with the same month in 2024, reflecting higher export prices alongside lower import prices. Export prices rose 12.7% year on year, driven mainly by higher prices for gold (up 44.0%), copper (up 19.9%) and coffee (up 77.3%). Import prices fell 4.1%, attributed to lower prices for oil and derivatives (down 20.9%) and industrial inputs (down 4.2%). Compared with May 2025, terms of trade rose 1.5% as export prices increased 2.4% mainly due to higher copper and hydrocarbon prices, partly offset by a 0.9% rise in import prices. The terms of trade index (2007=100) was 161.3 in June, up from 158.9 in May and 137.2 a year earlier.
Central Bank of Peru 2025-08-20
Central Bank of Peru reports terms of trade rose 17.6% year on year in June
The Central Bank of Peru reported a 17.6% increase in Peru's terms of trade in June 2025 compared to June 2024, driven by higher export prices and lower import prices. Export prices rose 12.7% year on year, notably in gold, copper, and coffee, while import prices fell 4.1% due to declines in oil and industrial inputs. The terms of trade index reached 161.3 in June, up from 158.9 in May and 137.2 a year earlier.