The accumulated trade balance surplus over the last 12 months reached US$38.869 billion through February 2026, higher than the US$25.575 billion recorded in the first two months of 2025, the
On a monthly basis, the BCR reported a US$4.189 billion surplus in February, up US$1.923 billion from the same month in 2025.
Exports totaled US$8.988 billion in February, rising 38.2% from the same month last year, mainly due to a 35.4% increase in average export prices and, to a lesser extent, a 2.1% rise in shipped volumes.
Imports increased 13.3% to US$4.799 billion in February, mainly reflecting higher purchases of capital goods and durable consumer goods, the issuing entity said.
Terms of trade
The BCR said Peru's terms of trade rose 36.2% year-on-year in February 2026.
The increase was supported by higher export prices, which climbed 35.4% from a year earlier, mainly because of stronger gold, copper, and fishmeal values.
Meanwhile, import prices decreased 0.6% due to lower oil and byproduct prices, it added.
Compared with the previous month, terms of trade increased 1.2% due to a 2.5% rise in export prices linked to higher gold and copper prices.