Last August, Peru's total exports rose 11.8% year-on-year to US$7.68 billion, mainly driven by a 10.9% increase in average prices and a modest 0.8% rise in volumes, the
The issuing entity indicated that the price increase was mainly supported by high international prices of metals such as gold and copper, which also boosted the prices of iron and steel products.
"Higher prices for coffee and chemical products also contributed to a lesser extent. The increase in volumes was driven by higher exports of agricultural products, zinc concentrates, and petroleum derivatives," it noted.
So far this year, exports have totaled US$54.977 billion, representing a 14.5% increase compared with the same period last year.
This growth was favored by a 12.2% rise in prices, the BCR noted.
As for traditional product exports, these totaled US$5.69 billion in August, an 11.8% year-on-year increase. The BCR stated that shipments of traditional agricultural products rose 17.2%, driven by higher coffee prices.
The issuing entity noted that mining exports grew 16.5% in August, benefiting from higher commodity prices.
In contrast, fishery shipments declined, mainly due to a mismatch in the seasonality of fishing periods from one year to the next.
On the other hand, non-traditional exports grew 11.5% year-on-year, reaching US$1.969 billion due to a 20.9% increase in shipped volumes, specifically from the agriculture and livestock sector.
"This result was partially offset by a contraction in exported volumes in other sectors and a drop in agricultural product prices, following the higher supply of Peruvian fruits in the international market," it indicated.
The BCR highlighted higher sales of non-traditional products to all major destinations, except for Asia with China being the exception.
"These results are explained by the growth in the value of agricultural sector exports to all destinations," it stated.
So far this year, traditional products export value grew 13.4% over the same period last year, reaching US$40.554 billion, underpinned by higher prices, which rose 18.1%.
Meanwhile, non-traditional exports totaled US$14.27 billion, a 17.9% increase compared with the same period in 2024.
It was due to a 21.7% rise in shipped volumes, mainly in fishery (+44.6%) and agricultural (+33.4%) products.