Peru - Brazil Trade 2025 Q1: Deficit & Resource-Tech Dynamic

Key Market Takeaways: Peru - Brazil Trade

The bilateral trade relationship between Peru and Brazil shows growth with notable volatility in Q1 2025.

• Economic Pulse: Peru runs a $270.59M trade deficit with Brazil, importing $699.37M (up 22.38% YoY in January) while exporting $428.78M (mixed YoY growth).
• Exchange Structure: Peru - Brazil trade statistics reveal a resource-for-tech dynamic—Peru supplies copper (35.7% of exports) and petroleum, while Brazil dominates with vehicles (20.6%) and machinery.
• Strategic Interdependence: Highly complementary but imbalanced: Peru’s raw material exports underscore Brazil’s value-add advantage in manufacturing.

This bilateral trade snapshot is based on verified customs data from the yTrade database.

Peru-Brazil Trade Trend in Q1 2025

Peru Export Performance: Shipments to Brazil

• Total Volume: $428.78M in Q1 2025.
• Growth Trend & Context:
  • Mixed YoY performance: +12.88% in January and +13.56% in March, but a sharp -11.12% contraction in February.
  • No specific trade news to explain volatility.
• Key Volatility: February saw a -21.5% MoM drop, while March rebounded with +43.63% MoM growth.

Peru Import Performance: Sourcing from Brazil

• Total Volume: $699.37M in Q1 2025.
• Growth Trend & Context:
  • Strong start with +22.38% YoY in January, but growth slowed to +1.46% YoY by March.
• Key Volatility: February recorded the lowest value ($216.75M) and a -12.14% MoM decline.

Peru - Brazil Trade Balance & Market Dynamics

• Net Position: Trade deficit of $270.59M (Imports > Exports).
• Relationship Status: Peru remains a net importer from Brazil, with imports 63% higher than exports in Q1.

Peru Import Trend from Brazil 2025 Q1 (Source: yTrade)**

Peru Export Trend to Brazil 2025 Q1 (Source: yTrade)**

Get Historical Peru Brazil Trade Records

Peru-Brazil Top Trading Products in Q1 2025

Peru Export Profile: What Does Peru Sell to Brazil

• Top Commodity: Copper (HS 74) dominates exports, accounting for 35.73% of total value.
• Demand Driver: Brazil likely imports raw copper for industrial processing, reflecting Peru’s role as a key supplier of minerals.
• Concentration: The top two exports (copper and petroleum oils, HS 27) make up 60.62% of trade, indicating high reliance on a narrow commodity base.

Peru Import Profile: What Does Peru Buy from Brazil

• Top Commodity: Vehicles (HS 87) lead imports at 20.62%, followed by machinery (HS 84) at 13.91%.
• Dependency Nature: Imports are skewed toward industrial goods (vehicles, machinery) and agricultural products (meat, HS 02), suggesting a mix of technology and food security dependencies.

Peru - Brazil Trade Relationship Dynamics

• The Exchange Model: Resource-for-Tech Complementarity—Peru exports raw materials (copper, petroleum) while importing finished industrial goods (vehicles, machinery).
• Value Chain Position: Brazil holds higher value-add dominance, as Peru’s exports are primarily unprocessed commodities (HS 74, 27) versus Brazil’s manufactured exports (HS 87, 84).

Import Analysis by Product: Brazil to Peru (Source: yTrade)

Export Analysis by Product: Peru to Brazil (Source: yTrade)

Check Detailed Peru-Brazil Trade HS Code Breakdown

Future Outlook & Strategic Recommendations

Forecast for Peru-Brazil Trade

Peru’s trade with Brazil is expected to remain volatile in Q2 2025, with copper exports likely driving growth but industrial imports facing headwinds due to Brazil’s slowing demand. The trade deficit will persist unless Peru diversifies its export basket beyond raw materials. However, Brazil’s reliance on Peruvian minerals and Peru’s need for Brazilian machinery create a stable, if unbalanced, foundation for long-term trade. Traders should prepare for price swings in key commodities like copper and petroleum, which dominate Peru’s export revenue.

Strategic Moves for Traders & Policymakers

• Lock in Copper Contracts: With copper accounting for 35.73% of exports, Peruvian miners should secure long-term supply agreements with Brazilian industrial buyers to stabilize revenue amid price volatility.
• Diversify Export Markets: Reduce reliance on Brazil by targeting other industrial hubs in Asia and Europe for mineral sales, mitigating risks from demand fluctuations in a single market.
• Boost Value-Added Exports: Invest in downstream processing for copper and petroleum to capture more value before export, countering Brazil’s dominance in finished goods like vehicles and machinery.

Frequently Asked Questions

How did Peru - Brazil trade perform in 2025 Q1?

Peru's exports to Brazil totaled $428.78M, showing mixed YoY growth, while imports from Brazil reached $699.37M, with a strong start but slowing growth by March.

What are the top exports from Peru to Brazil?

Peru's top exports to Brazil are copper (HS 74) and petroleum oils (HS 27), accounting for 60.62% of total export value.

What does Peru import from Brazil?

Peru primarily imports vehicles (HS 87), machinery (HS 84), and agricultural products like meat (HS 02) from Brazil.

What is the trade balance between Peru and Brazil?

Peru recorded a trade deficit of $270.59M with Brazil in Q1 2025, as imports were 63% higher than exports.