Peru Trade Surplus Widens on Mining Export Jump

Peru's trade surplus widened to $4,189 million in February 2026 from $2,266 million a year earlier, as exports surged 38.2% to $8,988 million while imports rose 13.3% to $4,799 million. Export growth was driven primarily by mining products, which jumped 62.0% to $6,703 million, while agricultural sales climbed 50.0% to $42 million. Conversely, oil and gas exports fell 39.3% to $230 million and fishing products declined 14.8% to $283 million. On the import side, consumer goods rose 14.1% to $1,154 million, intermediate goods increased 6.4% to $2,166 million, and capital goods climbed 24.6% to $1,474 million.

Peru’s trade surplus widened to USD 4,622 million in January 2026, marking a record high, sharply up from USD 2,170 million in the same month last year. Exports rose 37.8% year-on-year to USD 9,858 million, driven by higher sales of traditional products (+51.8%), non-traditional products (+0.9%), and other products (+27.4%). Imports increased more moderately by 5.1% to USD 5,236 million, as purchases of consumer goods (+18.8%), capital goods (+11.9%), and other goods (+88.8%) grew, partially offset by a decline in raw materials and intermediate goods (-7.3%). For the 12-month period from January 2025 to January 2026, Peru’s exports totaled USD 93,078 million, up 21.8%, while imports reached USD 58,505 million, increasing 12.3% from USD 52,091 million, resulting in a trade surplus of USD 34,573 million.

Peru’s trade surplus widened to USD 3,999.4 million in December 2025, up from USD 2,395.9 million in the same month of the previous year. Exports surged 33.5% year-on-year to USD 9,441.1 million, primarily driven by higher sales of traditional products (43.0%), non-traditional products (11.2%), and other products (31.6%). On the other hand, imports climbed 16.4% from a year earlier to USD 5,441.7 million, as purchases of consumer goods (15.7%), raw materials and intermediate goods (9.5%), and capital goods (28.5%) increased. However, imports of other goods declined by 16.7%. For the full year of 2025, the country posted a USD 34.57 billion surplus.