Peru - Canada Trade 2024 Q4: $769M Surplus
Key Market Takeaways: Peru - Canada Trade
The bilateral trade relationship between Peru and Canada remains stable with balanced growth in 2024 Q4.
- Peru holds a $769M trade surplus, exporting $1.12B to Canada (flat YoY) while importing $351M (flat YoY). Volatility in monthly flows suggests seasonal adjustments.
- Peru - Canada trade statistics reveal a lopsided exchange: Peru ships precious metals (79% of exports) and buys Canadian mineral fuels (40% of imports), reflecting raw-for-processed trade.
- Highly complementary economies, but Peru’s reliance on a single export category (HS 71) exposes it to commodity price swings, while Canada secures critical inputs.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Peru-Canada Trade Trend in Q4 2024
Peru Export Performance: Shipments to Canada
- Total Volume: $1.12B in Q4 2024.
- Growth Trend & Context: YoY growth flat (0.0%), indicating stable demand. No significant policy shifts or disruptions noted.
- Key Volatility: November saw a -13.53% MoM drop, followed by a 10.35% rebound in December.
Peru Import Performance: Sourcing from Canada
- Total Volume: $350.97M in Q4 2024.
- Growth Trend & Context: YoY growth flat (0.0%), suggesting consistent import patterns. No external shocks reported.
- Key Volatility: December imports surged 34.67% MoM after a -16.66% decline in November.
Peru - Canada Trade Balance & Market Dynamics
- Net Position: Peru holds a trade surplus of $769.03M ($1.12B exports - $350.97M imports).
- Relationship Status: Strong net exporter role, with exports triple the value of imports. Trade remains unbalanced but stable.
Peru Import Trend from Canada 2024 Q4 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Oct | 118.74M | 10.22% | 0.0% |
| Nov | 98.96M | -16.66% | 0.0% |
| Dec | 133.27M | 34.67% | 0.0% |
| Total | 350.97M | - | - |
Peru Export Trend to Canada 2024 Q4 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Oct | 399.00M | 21.57% | 0.0% |
| Nov | 345.01M | -13.53% | 0.0% |
| Dec | 380.72M | 10.35% | 0.0% |
| Total | 1.12B | - | - |
Get Historical Peru Canada Trade Records
Peru-Canada Top Trading Products in Q4 2024
Peru Export Profile: What Does Peru Sell to Canada
- Top Commodity: Rank #1 export is HS 71 (Pearls, precious stones, metals) with 79.20% share.
- Demand Driver: Canada uses these for industrial processing, likely in jewelry or high-tech manufacturing.
- Concentration: Trade is heavily dominated by HS 71, indicating a high reliance on a single category.
Peru Import Profile: What Does Peru Buy from Canada
- Top Commodity: Rank #1 import is HS 27 (Mineral fuels, oils) with 40.43% share.
- Dependency Nature: Energy security dependency, as Peru relies on Canada for fuel supplies.
Peru - Canada Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Peru exports raw materials (precious metals) and imports energy products from Canada.
- Value Chain Position: Canada holds the higher value-add position, supplying processed fuels, while Peru exports unprocessed or semi-processed commodities.
Import Analysis by Product: Canada to Peru (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 27 | 141.91M | 40.43% |
| 10 | 126.08M | 35.92% |
| 84 | 15.26M | 4.35% |
| 07 | 12.23M | 3.48% |
| 39 | 6.61M | 1.88% |
| 85 | 6.41M | 1.83% |
| 90 | 5.05M | 1.44% |
| 31 | 4.65M | 1.33% |
| 48 | 4.21M | 1.20% |
| 38 | 4.01M | 1.14% |
Export Analysis by Product: Peru to Canada (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 71 | 890.80M | 79.20% |
| 08 | 79.09M | 7.03% |
| 09 | 35.18M | 3.13% |
| 15 | 28.34M | 2.52% |
| 27 | 23.88M | 2.12% |
| 26 | 22.86M | 2.03% |
| 61 | 10.57M | 0.94% |
| 80 | 5.28M | 0.47% |
| 20 | 4.65M | 0.41% |
| 03 | 4.24M | 0.38% |
Check Detailed Peru-Canada Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Peru’s trade surplus with Canada is expected to remain stable in the near term, supported by sustained demand for precious metals (HS 71) and steady energy imports (HS 27). However, the high concentration in a single export category exposes Peru to price volatility in global commodity markets. Traders should anticipate modest growth in Q1 2025, with potential upside if Canada’s industrial demand strengthens. The Peru-Canada trade forecast hinges on maintaining this complementary exchange model, but diversification will be critical to mitigate risks.
Strategic Moves
- Lock in Long-Term Contracts: Exporters of precious metals should secure fixed-price agreements with Canadian buyers to hedge against market fluctuations and ensure stable revenue streams.
- Diversify Export Portfolio: Peru must reduce reliance on HS 71 by promoting secondary exports like agricultural goods (e.g., coffee, quinoa) to balance trade exposure and tap into Canada’s consumer markets.
- Optimize Energy Procurement: Importers of Canadian mineral fuels should explore alternative suppliers or negotiate bulk purchase discounts to lower costs and enhance energy security.
Frequently Asked Questions
How did Peru - Canada trade perform in 2024 Q4?
Peru's exports to Canada totaled $1.12B, with flat YoY growth (0.0%), while imports from Canada reached $350.97M, also showing stable YoY performance.
What are the top exports from Peru to Canada?
The top export from Peru to Canada is HS 71 (Pearls, precious stones, metals), accounting for 79.20% of total exports.
What does Peru import from Canada?
Peru's primary import from Canada is HS 27 (Mineral fuels, oils), representing 40.43% of total imports.
What is the trade balance between Peru and Canada?
Peru holds a trade surplus of $769.03M with Canada, as exports significantly outweigh imports. The trade relationship remains stable but unbalanced.
Peru - Canada Trade 2024 Q3: Lopsided Surplus
Peru's trade surplus with Canada hits $678.59M in Q3 2024, driven by precious metals exports. Explore Peru Canada trade trends and top trading products via yTrade data.
Peru Canned Vegetables HS2005 Export Data 2025 April Overview
Peru Canned Vegetables (HS Code 2005) Export in April 2025 shows Spain and the US dominate 79% of market value, with high buyer concentration risk. Data sourced from yTrade.
