The cumulative Peruvian trade surplus over the previous 12 months reached US$43.049 billion as of April 2026, a figure 6.7 times higher than the level recorded in 2019—the pre-pandemic year—when it stood at US$6.472 billion in December of that year, according to the
The evolution of this indicator reflects the sustained strengthening of Peru's external sector in recent years, driven by the performance of traditional and non-traditional exports, as well as by improved terms of trade during various periods.
After recording an annualized trade surplus of US$6.472 billion in December 2019, before the onset of the COVID-19 pandemic, the trade balance fell to US$5.398 billion in June 2020 amid the economic restrictions imposed in response to the global health emergency.
However, a gradual recovery began in the second half of the year, allowing the trade surplus to close 2020 at US$8.098 billion.
Throughout 2021, the trade balance maintained an upward trend and ended the year with an annualized surplus of US$14.894 billion, driven by the recovery of global economic activity.
The positive trend continued in 2022, when the indicator reached a peak of US$15.948 billion in March.
Subsequently, the surplus moderated, bringing the annualized balance down to US$10.094 billion by year-end.
In 2023, the trade balance resumed a sustained growth trajectory.
The cumulative surplus over the previous 12 months increased from US$10.063 billion in January to US$17.005 billion in December, supported by export recovery and the gradual normalization of foreign trade following the pandemic.
The growth pace accelerated in 2024, when the annualized trade surplus closed at US$24.144 billion.
In 2025, it reached a new record of US$35.433 billion, driven by higher mining, agro-industrial, and manufacturing exports, according to the BCR at the time.
The trend continued during the first four months of 2026.
The cumulative surplus over the previous 12 months increased from US$37.797 billion (January) to US$39.704 billion (February), US$41.423 billion (March), and US$43.049 billion (April), consolidating its position at the highest level on record.