Peru - India Trade 2025 Q1: Surplus & Volatility
Key Market Takeaways: Peru - India Trade
The bilateral trade relationship between Peru and India shows volatile growth with a strong Peruvian surplus in Q1 2025.
- Economic Pulse: Peru holds a $397.8M trade surplus ($727.62M exports vs. $329.82M imports), driven by erratic monthly swings—March exports surged 314% YoY.
- Exchange Structure: Peru - India trade statistics reveal a resource-for-tech model: Peru ships precious metals (94% of exports) while importing Indian vehicles and machinery (26% of imports).
- Strategic Interdependence: Highly complementary but imbalanced—Peru’s commodity reliance contrasts with India’s value-add manufacturing edge.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Peru-India Trade Trend in Q1 2025
Peru Export Performance: Shipments to India
- Total Volume: $727.62M in Q1 2025.
- Growth Trend & Context:
- YoY swings were mixed: January (-12.65%), February (-22.87%), but March surged 314.17%.
- No specific trade news to explain the extreme March rebound.
- Key Volatility: January saw a sharp MoM drop (-63.85%), while March posted the highest MoM gain (23.06%).
Peru Import Performance: Sourcing from India
- Total Volume: $329.82M in Q1 2025.
- Growth Trend & Context:
- Strong YoY growth in January (37.8%) and March (73.05%), but February slowed to 9.45%.
- Key Volatility: March imports spiked 59.4% MoM, while February dropped -18.66%.
Peru - India Trade Balance & Market Dynamics
- Net Position: Peru holds a trade surplus of $397.8M (Exports $727.62M vs. Imports $329.82M).
- Relationship Status: Peru is a net exporter to India, with exports more than doubling imports in Q1. Volatility in both flows suggests uneven demand or supply adjustments.
Peru Import Trend from India 2025 Q1 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 106.05M | -7.02% | 37.8% |
| Feb | 86.26M | -18.66% | 9.45% |
| Mar | 137.50M | 59.4% | 73.05% |
| Total | 329.82M | - | - |
Peru Export Trend to India 2025 Q1 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 185.99M | -63.85% | -12.65% |
| Feb | 242.81M | 30.55% | -22.87% |
| Mar | 298.82M | 23.06% | 314.17% |
| Total | 727.62M | - | - |
Get Historical Peru India Trade Records
Peru-India Top Trading Products in Q1 2025
Peru Export Profile: What Does Peru Sell to India
- Top Commodity: HS Code 71 (Pearls, precious stones, metals) dominates with 94.44% of exports.
- Demand Driver: India uses these for industrial processing, likely in jewelry and manufacturing.
- Concentration: Extreme reliance on one category (94.44%), indicating high trade vulnerability.
Peru Import Profile: What Does Peru Buy from India
- Top Commodity: HS Code 87 (Vehicles) leads at 26.26% of imports.
- Dependency Nature: Critical technology dependency, as vehicles and machinery (HS 84, 85) are key imports.
Peru - India Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Peru exports raw materials (precious metals) and imports high-value manufactured goods (vehicles, machinery).
- Value Chain Position: India holds the higher value-add position, supplying complex products (vehicles, pharmaceuticals) versus Peru’s commodity-heavy exports.
Import Analysis by Product: India to Peru (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 87 | 86.60M | 26.26% |
| 52 | 47.51M | 14.40% |
| 84 | 37.11M | 11.25% |
| 30 | 31.34M | 9.50% |
| 85 | 13.95M | 4.23% |
| 29 | 11.89M | 3.61% |
| 14 | 9.64M | 2.92% |
| 40 | 8.55M | 2.59% |
| 72 | 8.15M | 2.47% |
| 32 | 7.91M | 2.40% |
Export Analysis by Product: Peru to India (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 71 | 687.20M | 94.44% |
| 80 | 22.43M | 3.08% |
| 26 | 3.62M | 0.50% |
| 72 | 3.48M | 0.48% |
| 76 | 2.29M | 0.31% |
| 32 | 1.30M | 0.18% |
| 74 | 1.20M | 0.17% |
| 28 | 1.19M | 0.16% |
| 08 | 1.19M | 0.16% |
| 09 | 963.49K | 0.13% |
Check Detailed Peru-India Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast for Peru-India Trade
The Peru-India trade relationship is poised for continued volatility in Q2 2025, driven by uneven demand for Peru’s precious metals (HS 71) and India’s manufactured goods. While March’s export surge suggests a rebound, the extreme YoY swings indicate underlying instability—likely tied to commodity price fluctuations or supply chain disruptions. India’s growing appetite for high-value imports (vehicles, machinery) will sustain Peru’s trade surplus, but exporters must brace for abrupt shifts. Long-term, the resource-for-tech complementarity will deepen, but short-term turbulence demands proactive risk management.
Strategic Moves for Traders & Policymakers
- Diversify Export Markets: Peru’s overreliance on HS 71 (94.44% of exports) is a critical vulnerability. Traders should aggressively target new buyers in Southeast Asia or the EU to mitigate India-specific demand shocks.
- Lock in Tech Imports with Contracts: India’s vehicle and machinery exports (HS 87, 84, 85) are essential for Peru’s industrial growth. Importers should negotiate long-term supply agreements to hedge against price spikes and logistics delays.
- Monitor Precious Metal Pricing Closely: The March export spike (314.17% YoY) may reflect speculative buying. Exporters must track global gold and silver trends to time shipments optimally, avoiding fire sales during downturns.
Frequently Asked Questions
How did Peru - India trade perform in 2025 Q1?
Peru's exports to India totaled $727.62M, with mixed YoY growth, while imports from India reached $329.82M, showing strong YoY gains in January and March.
What are the top exports from Peru to India?
Peru's top export to India is HS Code 71 (Pearls, precious stones, metals), accounting for 94.44% of total exports.
What does Peru import from India?
Peru primarily imports HS Code 87 (Vehicles) from India, making up 26.26% of total imports, alongside machinery (HS 84, 85).
What is the trade balance between Peru and India?
Peru holds a trade surplus of $397.8M with India, as exports more than doubled imports in Q1 2025.
Peru - India Trade 2024 Q1: Resource-for-Tech Model
Peru's $364.67M trade surplus with India highlights a resource-for-tech exchange. Peru India trade trend shows 97.94% precious metals exports, while India supplies vehicles. Verified by yTrade.
Peru Iron Ore HS2601 Export Data 2025 April Overview
Peru's Iron Ore (HS Code 2601) Export in April 2025 was entirely dependent on China, with 100% trade volume and value, per yTrade data. Exporters must strengthen ties and optimize logistics.
