The Central Bank of Peru reported that Peru’s trade balance recorded a surplus of USD 34,573 million in 2025, up USD 10,271 million from 2024, as exports increased while annual imports also rose. Exports totalled USD 93,078 million in 2025, a 21.8% year-on-year increase driven mainly by higher export prices, with export prices up 16.7% and gold and copper export prices up 43.6% and 24.2%, respectively. Export volumes increased 4.4%, supported by higher output of export fruits (blueberries, avocados and grapes), stronger cocoa and cocoa manufacturing exports, higher fishing exports (notably jumbo squid and fishmeal and fish oil), increased gold exports, and a recovery in zinc exports. In December 2025, the trade balance posted a surplus of USD 3,999 million, USD 1,603 million higher than in December 2024, with exports up 33.5% year on year and imports up 16.4% due to higher levels across all categories.