The Central Reserve Bank of Peru published export figures showing that in 2024 traditional exports reached USD 55,218 million and non-traditional exports USD 20,483 million, up 13% and 11% year on year, respectively. Traditional export growth was linked to a recovery in fishmeal and fish oil production, high prices for mining products, and higher gold exports; export prices rose 5.8% over the year, supported by higher international quotations for gold, zinc and copper and an increase in natural gas prices. In December, traditional exports totalled USD 4,852 million, a 6.9% year-on-year increase attributed to high mining commodity prices, higher fishmeal and fish oil exports, and increased hydrocarbon shipments. Non-traditional exports were underpinned by a 9.9% rise in the average export price, alongside 1.0% growth in volume, with the release also highlighting a recovery in agricultural and textile exports and stronger external demand for siderometallurgical and chemical products; the United States remained the main destination, while exports to China declined due to lower fishery shipments.
Central Bank of Peru 2025-02-19
Central Reserve Bank of Peru reports double-digit growth in traditional and non-traditional exports in 2024
In 2024, traditional exports in Peru rose by 13% to USD 55,218 million, and non-traditional exports increased by 11% to USD 20,483 million. Growth in traditional exports was driven by a recovery in fishmeal and fish oil production, high mining product prices, and increased gold exports, while non-traditional exports benefited from higher prices and a recovery in agricultural and textile exports. The United States was the main destination for non-traditional exports, although shipments to China declined.