The Central Bank of Peru published export statistics showing total exports reached USD 75,916 million in 2024, up USD 8,398 million (12.4%) year on year, and equivalent to 26.2% of GDP. The export share of GDP rose from 25.2% in 2023, reflecting higher values of traditional exports and non-traditional agricultural exports. Traditional export growth was led by mining (+11.5%) on higher international prices and fishing (+100.3%) on larger shipments of fishmeal and fish oil. In the fourth quarter of 2024, exports totalled USD 21,080 million, up USD 2,778 million (15.2%) year on year, supported by higher prices for metals (gold, copper and zinc) and coffee, and higher prices for non-traditional exports from fishing (+25.7%), chemicals (+7.2%) and siderometallurgy (+15.0%). Volumes of non-traditional exports rose 13.4%, driven by agriculture (+23.4%) as fruit production (mangoes, blueberries and grapes) recovered from climate anomalies in late 2023, while siderometallurgical and textile exports were also supported by stronger US demand for copper manufactures for data centres and higher garment shipments to the United States.
Central Bank of Peru 2025-02-28
Central Bank of Peru reports 2024 exports increased 12.4% to USD 75,916 million and reached 26.2% of GDP
The Central Bank of Peru reported that total exports in 2024 reached USD 75,916 million, a 12.4% increase year on year, accounting for 26.2% of GDP. Growth was driven by higher international prices and increased shipments in mining and fishing, with notable rises in non-traditional agricultural exports. In Q4 2024, exports rose 15.2% year on year, supported by higher prices for metals and coffee, and increased volumes in agriculture and metallurgy.