The Central Bank of Peru published external sector data showing that the goods trade balance recorded a surplus of USD 6.886 billion in the first quarter of 2025, up by USD 2.128 billion compared with the same period in 2024. The surplus was equivalent to 9.3% of GDP, 2.1 percentage points higher than a year earlier. The improvement was driven mainly by higher prices and export volumes for traditional products, with prices rising 18.8% and volumes 6.6%, reflecting higher international quotations for industrial and precious metals and increased shipments of fishmeal and mining products. Non-traditional exports also increased, with export value up 21.6% largely due to a 20.5% expansion in shipped volumes, especially from agriculture, metalworking and textiles, while import prices fell 2.2% due to lower oil prices and cheaper industrial and food inputs.
Central Bank of Peru 2025-05-28
Central Bank of Peru reports USD 6.886 billion goods trade surplus in the first quarter of 2025
The Central Bank of Peru reported a USD 6.886 billion goods trade surplus for Q1 2025, representing 9.3% of GDP, up 2.1 percentage points from the previous year. The surplus was driven by higher prices and volumes of traditional exports, notably industrial and precious metals, and increased shipments of fishmeal and mining products. Non-traditional exports rose 21.6% in value, with significant growth in agriculture, metalworking, and textiles, while import prices fell due to lower oil and input costs.