INSUBCONTINENT EXCLUSIVE:
Peru achieved a $23.821 billion trade surplus in 2024, significantly exceeding the $17.678 billion recorded in 2023, according to the
Exports reached $75.916 billion in 2024, growing 12.4% year-on-year.December alone saw exports rise to $6.986 billion, a 9.2% increase
compared to the same month in 2023, driven by a 9.4% jump in average export prices
Strong global demand for metals like copper and gold played a key role, alongside record growth in agricultural exports.Traditional exports,
primarily mining products, benefited from high international commodity prices
Imports rose to $52.095 billion in 2024, up 4.5% from the previous year, reflecting increased purchases of industrial inputs and durable
consumer goods.Peru Reports $23.8 Billion Trade Surplus in 2024 as Exports Surge
(Photo Internet reproduction)December imports alone grew by 12.1% year-on-year to $4.653 billion
2024 also showed strong performance with a $1.473 billion surplus as exports climbed by 9.4% year-on-year to $5.382 billion
The strong trade performance positions Peru as a key player in global markets.However, it underscores the need for continued investment in
infrastructure and export diversification to sustain growth amid global uncertainties
For investors and policymakers, these trends offer valuable insights into market dynamics and economic resilience.
