Peru - Colombia Trade 2025 Q1: Widening Deficit

Key Market Takeaways: Peru - Colombia Trade

The bilateral trade relationship between Peru and Colombia shows strong growth but a widening deficit in Q1 2025.

• Economic Pulse: Peru’s trade deficit hit $174.41M as imports ($450.31M) outpaced exports ($275.90M), despite robust YoY export growth (34–37%).
• Exchange Structure: Peru - Colombia trade statistics reveal a resource-for-resource exchange—Peru ships copper (HS 74) while importing ores (HS 26), highlighting mutual reliance on raw materials.
• Strategic Interdependence: Complementary extractive industries drive trade, with both nations operating at similar low-value-add positions.

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

Peru-Colombia Trade Trend in Q1 2025

Peru Export Performance: Shipments to Colombia

• Total Volume: $275.90M in Q1 2025.
• Growth Trend & Context: YoY growth remained strong (34.32–37.59%), though momentum slowed slightly by March (0.4% MoM). No disruptive trade policies reported.
• Key Volatility: January saw the highest MoM jump (+17.27%), while March growth nearly flatlined.

Peru Import Performance: Sourcing from Colombia

• Total Volume: $450.31M in Q1 2025.
• Growth Trend & Context: YoY surged in January (+107.51%) but normalized to 32–37% thereafter. February’s -25.62% MoM drop was the sharpest contraction.
• Key Volatility: January peaked at $172.73M (13.86% MoM rise), while February plunged to $128.48M.

Peru - Colombia Trade Balance & Market Dynamics

• Net Position: Peru ran a trade deficit of $174.41M (Imports exceeded exports).
• Relationship Status: Heavy reliance on Colombian imports, despite robust export growth. The deficit suggests structural demand gaps or competitive pricing from Colombia.

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

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

Get Historical Peru Colombia Trade Records

Peru-Colombia Top Trading Products in Q1 2025

Peru Export Profile: What Does Peru Sell to Colombia

• Top Commodity: Copper (HS 74) dominates with 21.87% of total exports.
• Demand Driver: Colombia uses these raw materials for industrial processing, likely in construction or electronics manufacturing.
• Concentration: No single category exceeds 50%, but copper holds a strong lead at nearly 22%.

Peru Import Profile: What Does Peru Buy from Colombia

• Top Commodity: Ores and concentrates (HS 26) account for 29.40% of imports.
• Dependency Nature: Reflects raw material dependency, possibly for Peru’s mining or metallurgical industries.

Peru - Colombia Trade Relationship Dynamics

• The Exchange Model: Resource-for-Resource Complementarity. Peru exports copper (HS 74) while importing ores (HS 26), suggesting mutual reliance on extractive industries.
• Value Chain Position: Both sides trade low-processed commodities, indicating balanced value-add positions with minimal complexity.

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

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

Check Detailed Peru-Colombia Trade HS Code Breakdown

Future Outlook & Strategic Recommendations

Forecast

Peru’s trade with Colombia is poised for steady growth in Q2 2025, driven by sustained demand for raw materials like copper (HS 74) and ores (HS 26). The strong YoY export growth (34–37%) signals resilient demand, but the recent MoM slowdown in March suggests potential moderation. Colombia’s pricing competitiveness and Peru’s structural import dependency will likely maintain the trade deficit, though exporters can capitalize on Colombia’s industrial processing needs. Volatility in monthly figures calls for proactive risk management.

Strategic Moves

• Lock in Long-Term Contracts: Peruvian copper exporters should secure multi-quarter agreements with Colombian buyers to stabilize revenue amid fluctuating demand.
• Diversify Import Sources: Reduce reliance on Colombian ores (HS 26) by exploring alternative suppliers in Chile or Brazil to mitigate deficit pressures.
• Optimize Logistics for Commodities: Streamline cross-border transport for bulk minerals to cut costs and improve margins, leveraging Peru’s ports and Colombia’s industrial hubs.

Frequently Asked Questions

How did Peru - Colombia trade perform in 2025 Q1?

Peru's exports to Colombia grew strongly (34.32–37.59% YoY) to $275.90M, while imports surged to $450.31M, resulting in a $174.41M trade deficit for Peru.

What are the top exports from Peru to Colombia?

Copper (HS 74) dominates Peru's exports to Colombia, accounting for 21.87% of total shipments.

What does Peru import from Colombia?

Peru primarily imports ores and concentrates (HS 26) from Colombia, making up 29.40% of total imports.

What is the trade balance between Peru and Colombia?

Peru recorded a trade deficit of $174.41M with Colombia in Q1 2025, driven by higher imports than exports.