Trade Trend

In 2023, Peru's total export value is 64.35Billion USD, total import value is 52.16Billion USD, Surplus is 12.19Billion USD, and foreign trade dependency is 0.435. In 2023，Peru's top export products are Copper ores and concentrates(19.99Billion USD), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(8.37Billion USD), Copper; refined and copper alloys, unwrought(2.69Billion USD), top export destinations are China(23.16Billion USD), United States(9.18Billion USD), Canada(2.99Billion USD). In 2023, Peru's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(5.60Billion USD), Petroleum oils and oils obtained from bituminous minerals; crude(3.22Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(1.88Billion USD), top import origins are China(13.44Billion USD), United States(10.99Billion USD), Brazil(3.74Billion USD).

Comparing to 2022, Peru's total export value increased 706.84Million USD(1.11%) in 2023, this could result from its export increases of products such as Copper ores and concentrates(3.08Billion USD or 18.23%), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(916.23Million USD or 12.29%), Grapes; fresh or dried(400.37Million USD or 29.61%) and export increases to countries/economics such as China(2.11Billion USD or 10.05%), United States(524.84Million USD or 6.06%), United Arab Emirates(334.04Million USD or 47.66%). Comparing to 2022, Peru's total import value decreased -8.15Billion USD(-13.52%) in 2023, this could result from its import decreases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-2.38Billion USD or -29.79%), Automatic data processing machines and units thereof, magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included(-335.32Million USD or -28.64%), Fertilizers; mineral or chemical, nitrogenous(-279.55Million USD or -38.15%), and its import decreases from countries/economies such as United States(-3.31Billion USD or -23.15%), China(-2.36Billion USD or -14.93%), Brazil(-462.50Million USD or -10.99%).

Cumulated to first 7 months of 2024, Peru's total export value is 28.35Billion USD, total import value is 17.50Billion USD, and tradesurplus is 10.86Billion USD. Cumulated to first 7 months of 2024, Peru's top export products are Copper ores and concentrates(8.73Billion USD), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(3.30Billion USD), Iron ores and concentrates; including roasted iron pyrites(1.42Billion USD), and top export destinations are China(11.76Billion USD), United States(3.51Billion USD), Canada(1.81Billion USD). Cumulated to first 7 months of 2024, Peru's top import products are Copper ores and concentrates(8.73Billion USD), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(3.30Billion USD), Iron ores and concentrates; including roasted iron pyrites(1.42Billion USD), and top import origins areChina(5.00Billion USD), United States(4.26Billion USD), Brazil(1.10Billion USD).