As a result of high mineral prices, Peruvian exports are expected to reach US$86.72 billion by the end of 2025, representing a 16.5% growth, according to the Association of Exporters (ADEX).
This was stated by the head of Economic Studies and Trade Intelligence at the ADEX Center for Research on Global Economy and Business (Cien-ADEX), Gabriel Arrieta Padilla, during the VI Diplomatic Exporter Meeting.
“Price and volume developments anticipate a favorable trend toward the end of the year, driven by the performance of minerals such as copper, zinc, and molybdenum; and the sustained growth in volume of agro-industrial supplies such as avocados, blueberries, and grapes, despite the slight drop in their average prices,” he explained.
Arrieta Padilla explained that the mining sector is expected to close 2025 with an 18.8% increase, driven by international prices.
In hydrocarbons, exports are expected to increase 2.7% in 2025 and 3.1% in 2026, supported by a slight rebound in natural gas prices despite lower global demand, especially from the US.
In traditional agriculture, the increase is expected to be 25.1% this year and 1.7% in 2026, mainly influenced by coffee shipments. A slight decrease in international prices is anticipated after reaching historically high levels due to the normalization of Brazilian supply.
Added value
In the non-traditional sector, agribusiness will lead growth with 16.3% in 2025 and 9.6% next year, consolidating its position as the driving force behind Peruvian exports thanks to the expansion of products with higher added value and the positive effects of the new Agrarian Law.
The chemical sector will maintain its dynamism, with rates of 11% and 7.6%, driven by increased shipments of lacquers, dyes, and other products. The iron and steel sector will grow 16% this year and 5.8% in 2026, although some uncertainty persists due to the tariffs imposed by the US on products such as copper and zinc wire.
The outlook for fishing for direct human consumption is favorable, with 52.4% this year and 8.2% next year, supported by favorable weather conditions for catching squid and mackerel.
Clothing products will show a more moderate performance (5.5% and 2.9%), maintaining their stability despite the international context.
In non-metallic mining, after a slight contraction this year (-2.4%), a 2% recovery is expected in 2026, associated with the rebound in prices for anthracite and calcium phosphates. The metalworking and textile sectors will grow 6.9% and 11.4% in 2025, and 5.1% and 4.6% in 2026, respectively.
Speaking to representatives of the diplomatic corps accredited in the country, he explained that, despite the overall positive result, four sectors would register declines by the end of 2025: jewelry (-46.7%), forestry (-17.2%), non-metallic mining (-2.4%), and miscellaneous (-0.7%).
Projection to 2026
Regarding total exports in 2026, Arrieta Padilla projected that Peruvian exports would slow down and reach US$90.428 billion, representing an increase of 4.3%.
“Overall, the projections reflect a more challenging 2026, marked by the slowdown in international prices and global uncertainty. However, the resilience of non-traditional sectors, especially agribusiness and chemicals, will continue to be key to the country's export performance,” Arrieta Padilla concluded.
Data
-The VI Diplomatic Export Meeting was attended by the new Minister of Foreign Trade and Tourism, Teresa Mera Gómez.
-Between January and August of this year, the 30 leading products accounted for 83% of the total export value.
(END) NDP / MDV
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Published: 10/24/2025