BCR: Peru's exports up 15.2% in Feb 2025 due to non-traditional shipments

Photo: Courtesy by National Society of Industries (SNI)

10:59 | Lima, Apr. 25.

Total exports amounted to US$6.318 billion in February, which represents a 15.2% growth compared to the same month in 2024, the Central Reserve Bank (BCR) reported.

The higher shipments were favored by a 15.5% rise in the average export price and a 19.4% increase in the average volume of non-traditional product exports, it noted on April 18.

The rise in export prices in February was mainly supported by higher international quotations for export metals such as zinc, copper, and gold, which also drove up the prices of metallurgical products (copper manufactures).

"To a lesser extent, it was explained by higher prices of coffee, natural gas, and non-traditional fishery products," the issuing entity added.

Volume of non-traditional products

For its part, the increase in the average exported volume of non-traditional products in February was due to combined growth across all sectors, except for the fishery and chemical ones, the BCR stated.

It indicated that exports totaled US$13.156 billion in the first two months of the year, representing a 20.9% increase compared to the same period of the previous year.

This growth was driven by a 13.1% increase in prices and a 6.9% rise in volume.

The Ministry of Foreign Trade and Tourism of Peru (Mincetur) reported a few days ago that Peruvian goods exports amounted to US$13.410 billion in the first two months of 2025, up 25.7% compared to the same period in 2024.

The sectors that increased their sales abroad were: mining (27%), fishing (25%), hydrocarbons (24%), agriculture (20%), steel industry (20%), chemicals (19%), and textiles (19%).

The growth of mining, which accounts for 63% of the country's exports, was due to higher sales of copper (23%) and gold (44%). Exports of silver concentrate (143%), molybdenum (65%), and tin (36%) also increased.

(END) NDP/JJN/JMP/MVB

Published: 4/25/2025

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BCR: Peru's exports up 15.2% in Feb 2025 due to non-traditional shipments

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