Peruvian exports and imports register an increase

A report from the Central Reserve Bank of Peru determined that the country's exports and imports increased during the month of March. The analysis also showed that the trade balance is favorable for shipments abroad by local exporters.

Exports, in this sense, increased by 26.5% in March compared to the same month in 2024, while products imported into Peru increased by 14.6% year-on-year.

“In March, according to the report, exports totaled USD 7.22 billion, up 26.5 percent year-over-year, due to the increase in the average export price (14.2 percent), in line with high international metal prices; as well as the increase in export volumes (10.7 percent) of non-traditional products, gold, natural gas, and fishmeal. The copper, zinc, molybdenum, and iron exports reported by Sunat have been complemented by reports from the Ministry of Energy and Mines (MINEM) and from some companies that, having made shipments, have not yet regularized them with Sunat,” detailed the Peruvian Central Bank.

“Imports amounted to USD 4.715 billion, up 14.6 percent year-over-year, with increases recorded in all major categories, especially capital goods, industrial inputs, and durable consumer goods,” the entity added.

“The terms of trade increased 18.7 percent year-on-year in March, due to a 14.2 percent increase in export prices and a 3.8 percent drop in import prices (see methodological note in Annex II on the revision of export and import prices and volumes),” it added.

“With these results, the trade balance registered a monthly surplus of USD 2.504 billion in March and accumulated a surplus of USD 26.2 billion over the last 12 months,” the Central Bank of Peru stated.

Source: PortalPortuario