The Central Bank of Peru published October 2025 terms-of-trade data showing an increase of 21.8% compared with October 2024, reflecting higher export prices alongside a slight decline in import prices. On a month-on-month basis, the terms of trade rose 6.2% versus September 2025. Export prices increased 21.1% year on year, driven mainly by higher prices for gold (up 50.8%), copper (up 28.7%) and coffee (up 47.0%). Import prices fell 0.6%, attributed primarily to lower prices for oil and derivatives (down 3.1%). The terms-of-trade index (2007=100) rose to 174.1 in October 2025 from 142.9 a year earlier and 164.0 in September 2025, with the month-on-month rise mainly explained by a 6.0% increase in export prices on higher gold and copper prices.
Central Bank of Peru 2025-12-14
Central Bank of Peru reports Peru’s terms of trade up 21.8% year on year in October 2025
The Central Bank of Peru reported a 21.8% year-on-year increase in October 2025 terms-of-trade, driven by higher export prices, notably gold, copper, and coffee. Import prices decreased by 0.6%, mainly due to lower oil prices. The terms-of-trade index rose to 174.1, reflecting a 6.2% month-on-month increase from September 2025.