Adex: EU overtakes U.S. as Peru's second most important export destination

Photo: Courtesy

Photo: Courtesy

01:00 | Lima, Aug. 6.

The Peruvian Exporters Association (Adex) reported that the European Union (EU) has surpassed the United States as the second-largest destination for Peruvian sales abroad.

The association noted that China led in the first half of 2025 accounting for 36.9% of total exports, followed by the European Union (10.9%), the United States (10.4%), and Latin America (2.9%).

The EU moved ahead of the North American country, which had always held second place.

"Exports to the United States continue to grow, but not at the pace of previous years. We cannot say there is a widespread impact, but there are affected sectors, such as jewelry and the forestry industry," CIEN-Adex Director Edgar Vasquez Vela stated.

Progress

In turn, Adex Chairman Cesar Tello highlighted that Peruvian exports to the world totaled US$40.098 billion between January and June of this year, marking a 20.2% increase compared to the same period in 2024.

Tello emphasized that this outcome is largely due to better mineral prices.

He explained that copper and its concentrates alone (shipments worth US$11.404 billion) accounted for 28.4% of the total value.

According to the "Export Report – June 2025" from CIEN-Adex, traditional shipments in the first six months amounted to US$29.656 billion, showing a 19.5% increase and representing 74% of the total.

Mining was the leading sector, with shipments totaling US$25.942 billion (+21.1%) thanks to higher sales of copper and raw gold.

It was followed by traditional fishing, which grew by 30.7%, primary agriculture (+12.6%), and hydrocarbons, which declined by 2.1%.

For its part, the value-added export offer totaled US$10.442 billion, reflecting a 22.3% increase compared to the same period in 2024 (US$8.540 billion) and accounting for the remaining 26%.

"Of its 11 sectors, 7 ended in positive figures: agribusiness (+23.5%), fishing and aquaculture (+78.2%), chemicals (+14.1%), iron and steel (+22.8%), apparel (+9.5%), metalworking (+12.8%), and textiles (+12.2%); while non-metallic mining (-3.8%), jewelry (-8.2%), wood products (-20.1%), and miscellaneous goods (-3.8%) closed with losses," ADEX specified.

The standout item in terms of value was avocado, with US$876.579 million in exports, a 14.1% increase.

Other notable products included fresh grapes, frozen squid, cacao, blueberries, refined copper wire, mangos, natural calcium phosphates, unalloyed zinc, and copper plates and strips, among others.

Data

Between January and June 2025, 74.1% of export value was shipped by sea, 22.3% by air, and 3.2% by land/road.

A total of 7,077 companies exported 3,624 products to 158 countries.

The trade balance closed with a surplus of US$11.260 billion.

Exports totaled US$40.098 billion, while imports reached US$28.838 billion.

(END) NDP/SDD/MVB

Publicado: 6/8/2025