Peru - Chile Trade 2025 Q1: Resilient Surplus
Key Market Takeaways: Peru - Chile Trade
The bilateral trade relationship between Peru and Chile shows resilience with a firm trade surplus in Q1 2025, despite mixed growth signals.
- Economic Pulse: Peru posted a $206.18M surplus ($505.51M exports vs. $299.33M imports), with exports outpacing imports by 69%. Volatility marked both sides, including a sharp March export dip (-4.73% YoY).
- Exchange Structure: Peru - Chile trade statistics reveal a resource-for-tech complementarity—Peru supplies ores (26% of exports) while Chile dominates machinery imports (12.7% share).
- Strategic Interdependence: The partnership hinges on Peru’s raw material exports and Chile’s high-value machinery, reinforcing a clear value chain divide.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Peru-Chile Trade Trend in Q1 2025
Peru Export Performance: Shipments to Chile
- Total Volume: $505.51M in Q1 2025.
- Growth Trend & Context: Mixed YoY performance—January (+15.27%) and February (+14.33%) saw strong growth, but March (-4.73%) reversed the trend. No news to explain the volatility.
- Key Volatility: February recorded an 8.17% MoM jump, the highest in the quarter.
Peru Import Performance: Sourcing from Chile
- Total Volume: $299.33M in Q1 2025.
- Growth Trend & Context: Weak YoY trajectory, with March (-7.84%) dragging down earlier gains (January +0.27%, February +8.61%).
- Key Volatility: January saw a sharp 28.42% MoM drop, the quarter’s steepest decline.
Peru - Chile Trade Balance & Market Dynamics
- Net Position: Peru holds a trade surplus of $206.18M (Exports $505.51M vs. Imports $299.33M).
- Relationship Status: Firm net exporter, with exports outpacing imports by 69%. Demand for Peruvian goods remains resilient despite March’s dip.
Peru Import Trend from Chile 2025 Q1 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 89.53M | -28.42% | 0.27% |
| Feb | 111.72M | 24.78% | 8.61% |
| Mar | 98.07M | -12.22% | -7.84% |
| Total | 299.33M | - | - |
Peru Export Trend to Chile 2025 Q1 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 173.44M | -6.05% | 15.27% |
| Feb | 159.52M | -8.03% | 14.33% |
| Mar | 172.55M | 8.17% | -4.73% |
| Total | 505.51M | - | - |
Get Historical Peru Chile Trade Records
Peru-Chile Top Trading Products in Q1 2025
Peru Export Profile: What Does Peru Sell to Chile
- Top Commodity: Rank #1 export is HS Code 26 (Ores, slag, and ash) with 26.01% share.
- Demand Driver: Chile uses these for industrial processing, likely in mining or metal production.
- Concentration: No single category dominates (>50% share), but ores (26.01%) and chemicals (HS 28, 7.36%) lead.
Peru Import Profile: What Does Peru Buy from Chile
- Top Commodity: Rank #1 import is HS Code 84 (Nuclear reactors, boilers, machinery) with 12.70% share.
- Dependency Nature: Critical technology dependency, as machinery and equipment (HS 84, 44, 73) dominate imports.
Peru - Chile Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Peru exports raw materials (ores, agri-products) and imports high-value machinery and chemicals.
- Value Chain Position: Chile holds the higher value-add position, supplying advanced goods (machinery, chemicals) while Peru provides raw inputs.
Import Analysis by Product: Chile to Peru (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 84 | 38.02M | 12.70% |
| 39 | 20.38M | 6.81% |
| 44 | 18.46M | 6.17% |
| 48 | 16.91M | 5.65% |
| 28 | 13.60M | 4.54% |
| 73 | 13.21M | 4.41% |
| 36 | 12.04M | 4.02% |
| 23 | 11.00M | 3.67% |
| 76 | 10.86M | 3.63% |
| 02 | 9.85M | 3.29% |
Export Analysis by Product: Peru to Chile (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 26 | 131.50M | 26.01% |
| 28 | 37.22M | 7.36% |
| 15 | 35.74M | 7.07% |
| 18 | 28.05M | 5.55% |
| 39 | 22.97M | 4.54% |
| 84 | 22.71M | 4.49% |
| 73 | 21.80M | 4.31% |
| 27 | 21.17M | 4.19% |
| 08 | 19.05M | 3.77% |
| 48 | 13.34M | 2.64% |
Check Detailed Peru-Chile Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Peru’s trade surplus with Chile is expected to hold steady in Q2 2025, though volatility in raw material demand may persist. The resilience of Peruvian ores (HS 26) and agro-exports suggests sustained growth, but exporters should prepare for potential dips in Chilean industrial demand. Meanwhile, Peru’s reliance on Chilean machinery (HS 84) will likely continue, reinforcing the resource-for-tech dynamic. Traders must monitor Chile’s industrial output trends to anticipate shifts in import needs.
Strategic Moves
- Lock in Long-Term Ore Contracts: Secure fixed-price agreements with Chilean buyers to mitigate price swings, especially for HS 26 commodities.
- Diversify Tech Imports: Reduce dependency on Chilean machinery by exploring alternative suppliers in Asia or Europe for HS 84, 44, and 73 goods.
- Boost Export Agility: Streamline customs and logistics for perishable agro-exports to Chile to capitalize on seasonal demand spikes.
Frequently Asked Questions
How did Peru - Chile trade perform in 2025 Q1?
Peru's exports to Chile totaled $505.51M, showing mixed YoY growth, while imports from Chile reached $299.33M with a weak YoY trajectory.
What are the top exports from Peru to Chile?
Peru's top exports to Chile are HS Code 26 (Ores, slag, and ash) and HS Code 28 (Chemicals), accounting for 26.01% and 7.36% shares, respectively.
What does Peru import from Chile?
Peru primarily imports HS Code 84 (Nuclear reactors, boilers, machinery) from Chile, making up 12.70% of total imports, alongside other machinery and equipment.
What is the trade balance between Peru and Chile?
Peru holds a trade surplus of $206.18M with Chile, as exports ($505.51M) significantly outpace imports ($299.33M).
Peru - Chile Trade 2024 Q4: Balanced Growth & Resource Exchange
Peru's $177M trade surplus with Chile highlights steady demand. Peru Chile trade trend shows resource-for-tech exchange, with ores and machinery as top trading products. Data via yTrade.
Peru Citrus Fruits HS0805 Export Data 2025 April Overview
Peru Citrus Fruits (HS Code 0805) Export to the Netherlands accounted for 29.83% of total value in April 2025, per yTrade data, showing strong demand in premium markets.
