2024 Aug Peru Global Trade Data Summary: Flatlined Exports

Peru 2024 Aug Trade Data Key Takeaways

• Market Trend: Peru trade data shows flatlined exports ($6.78B) and imports ($5.09B) YoY, signaling muted activity amid global headwinds.
• Key Driver: Peru import export data reveals mining exports (38.8% ores, 19.3% precious metals) dominate, with China absorbing 35.6% of shipments.
• Strategic Risk: Heavy reliance on raw material exports and China-centric trade exposes Peru to commodity volatility and supply chain shocks.

Analysis covers 2024 Aug based on sanitized customs records from the yTrade database.

Peru 2024 Aug Trade Data Trend Overview

• Peru's export-led economy, a major global copper and mineral supplier, posted steady Peru global trade data for August 2024, reflecting stability amid external headwinds.
• Exports held at $6.78B (0% YoY) while imports totaled $5.09B (0% YoY), indicating flatlined Peru import export data as both external sales and domestic demand showed no growth.
• The trade surplus narrowed slightly to $1.69B, constrained by stagnant export performance against consistent import levels.
• Flat annual trends signal muted activity ahead of anticipated U.S. tariff impacts and global trade tensions, with the economy relying on strong mineral buffers and central bank stability measures [BBVA Research].

Table: Import Key Metrics (Source: yTrade)

Table: Export Key Metrics (Source: yTrade)

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Peru 2024 Aug Top Trading Products

Peru Global Trade Core Summary

Peru's exports are heavily resource-driven, with ores, precious metals, and agricultural products dominating. The top three exports—ores (38.8%), precious stones/metals (19.3%), and edible fruits/nuts (6.7%)—account for nearly two-thirds of total export value. Imports are more diversified but lean toward industrial needs: fuels (18.7%), machinery (11.9%), and vehicles (9.1%) are the largest categories. This suggests a reliance on raw material exports while importing manufactured goods and energy. Key takeaways:

• High dependence on mining exports (ores, copper, precious metals) poses volatility risks.
• Limited export diversification—agriculture and fisheries play secondary roles.
• Imports focus on industrial inputs, reflecting weak domestic manufacturing.
• Fuel imports highlight energy dependency despite Peru's own fuel exports.

Peru Export-Import Structural Gap

Peru’s trade structure shows a clear divide: it exports raw materials and imports finished goods. Ores and precious metals dominate exports, while machinery, vehicles, and fuels top imports. The overlap in fuel trade (exporting some, importing more) suggests refining or energy gaps. The lack of high-value manufactured exports points to untapped industrial upgrading potential. This imbalance leaves Peru vulnerable to commodity price swings while relying on foreign technology and equipment.

Table: Peru Top Import & Export Product Categories (Source: yTrade)

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Peru 2024 Aug Top Trading Countries

Peru Global Trade Key Patterns

Peru's exports show strong concentration, with Mainland China taking 35.6% ($2.41B) of total shipments. The U.S. (12.4%) and India (9.3%) are secondary markets, followed by diversified buyers like Canada, Switzerland, and European nations. Imports also rely heavily on China (29.2%) and the U.S. (18.4%), but sourcing is broader, with Argentina, Brazil, and Ecuador contributing significantly. Key asymmetries:

• Exports are China-centric but include diverse high-income markets (U.S., EU, Switzerland).
• Imports depend on China and the U.S. but spread across Latin America (Argentina, Brazil, Chile).
• Only China, U.S., and India appear in both top 10 lists, suggesting limited processing trade.

Peru Export–Import Geographic Gap

Peru’s exports target both concentrated (China) and diversified (global) markets, while imports show dual reliance on China/U.S. plus regional Latin American suppliers. Exports are more globally distributed than imports, which lean heavily on Western Hemisphere partners. Overlap with China and the U.S. in both lists hints at two-way trade in finished goods or components. The structure implies downstream diversification (exports) but upstream dependency on a few key suppliers (imports). No strong regional bloc dominance emerges in either flow.

Table: Peru Top Destiantion & Origin Countries (Source: yTrade)

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Frequently Asked Questions

What are the major products exported by Peru in 2024 Aug?

Peru's top exports in August 2024 were ores/slag/ash (38.83% of exports), natural/cultured pearls (19.27%), and edible fruits/nuts (6.68%), totaling $6.78B (hs_md).

What are the main products Peru imports in 2024 Aug?

Peru primarily imported mineral fuels/oils (18.65%), machinery/equipment (11.86%), and vehicles (9.12%), with total imports valued at $5.09B (hs_md).

Which countries are the top destinations for Peru's exports in 2024 Aug?

Mainland China ($1.48B, 29.17%), the United States ($938.53M, 18.44%), and Argentina ($303.14M, 5.96%) were Peru's leading export markets (country_md).

Which countries supply most of Peru's imports in 2024 Aug?

Peru's imports came mainly from Mainland China ($2.41B, 35.56%), the United States ($840.89M, 12.40%), and India ($632.23M, 9.32%) (country_md).

How balanced are Peru's export and import markets in 2024 Aug?

Peru maintained a $1.69B trade surplus with flat YoY exports ($6.78B) and imports ($5.09B), reflecting stable but stagnant trade activity (trend_analysis).