Peru - Switzerland Trade 2025 Q1: $612M Surplus Dominance

Key Market Takeaways: Peru - Switzerland Trade

The bilateral trade relationship between Peru and Switzerland shows growth with high volatility in Q1 2025.

• Peru dominates with a $612.61M surplus, driven by $650.42M in exports (mixed YoY growth) against $37.81M in imports (volatile swings).
• Peru - Switzerland trade statistics reveal a resource-for-tech exchange: Peru supplies 99.45% precious metals (HS71), while Switzerland exports pharmaceuticals (HS30, 25.48% of imports).
• Highly complementary but asymmetric: Switzerland captures higher value-add, while Peru remains a critical raw material supplier.

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

Peru-Switzerland Trade Trend in Q1 2025

Peru Export Performance: Shipments to Switzerland

• Total Volume: $650.42M in Q1 2025.
• Growth Trend & Context:
  • Mixed YoY performance: Strong growth in January (+18.85%) and February (+26.08%), but a sharp reversal in March (-4.19%).
  • Key Volatility: March saw a severe MoM contraction (-26.46%), the steepest decline in the quarter. No news context to explain the swing.

Peru Import Performance: Sourcing from Switzerland

• Total Volume: $37.81M in Q1 2025.
• Growth Trend & Context:
  • Volatile YoY shifts: January (+12.63%) and March (+20.1%) growth offset by February’s sharp drop (-25.13%).
  • Key Volatility: February’s imports fell -3.42% MoM, but March rebounded with +15.48% MoM growth.

Peru - Switzerland Trade Balance & Market Dynamics

• Net Position: Trade surplus of $612.61M (Exports $650.42M vs. Imports $37.81M).
• Relationship Status: Peru dominates as a net exporter, with exports exceeding imports by over 17x. No significant dependency on Swiss imports.

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

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

Get Historical Peru Switzerland Trade Records

Peru-Switzerland Top Trading Products in Q1 2025

Peru Export Profile: What Does Peru Sell to Switzerland

• Top Commodity: HS Code 71 (Pearls, precious stones, metals) dominates with 99.45% of exports.
• Demand Driver: Switzerland likely processes these raw materials into high-value jewelry or financial instruments (e.g., gold reserves).
• Concentration: Extreme reliance on one category (99.45%), indicating minimal diversification.

Peru Import Profile: What Does Peru Buy from Switzerland

• Top Commodity: HS Code 30 (Pharmaceuticals) leads at 25.48% of imports.
• Dependency Nature: Reflects critical technology dependency, as Switzerland is a global hub for high-value pharmaceuticals and precision instruments.

Peru - Switzerland Trade Relationship Dynamics

• The Exchange Model: Resource-for-Tech Complementarity—Peru exports raw materials (precious metals), while Switzerland supplies high-tech goods (pharmaceuticals, machinery).
• Value Chain Position: Switzerland holds the higher value-add position, exporting complex manufactured goods, while Peru provides commoditized inputs.

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

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

Check Detailed Peru-Switzerland Trade HS Code Breakdown

Future Outlook & Strategic Recommendations

Forecast for Peru-Switzerland Trade

Peru’s trade surplus with Switzerland is expected to remain robust in Q2 2025, driven by sustained Swiss demand for precious metals (HS Code 71). However, the extreme volatility in March’s export contraction signals potential supply chain or pricing risks that traders must monitor. The pharmaceutical import dependency on Switzerland will likely persist, reinforcing the resource-for-tech exchange model. Without diversification, Peru’s export revenue remains vulnerable to commodity price swings.

Strategic Moves for Traders & Policymakers

• Lock in Long-Term Contracts: Exporters of precious metals should secure fixed-price agreements with Swiss buyers to mitigate sudden market downturns like March’s 26.46% MoM drop.
• Diversify Export Basket: Peru must reduce reliance on HS Code 71 by promoting secondary sectors (e.g., agriculture, textiles) to Swiss markets, leveraging trade promotion agencies.
• Strengthen Pharma Supply Chains: Importers of Swiss pharmaceuticals should negotiate bulk purchase deals or explore alternative suppliers to avoid February’s 25.13% YoY import slump.

Frequently Asked Questions

How did Peru - Switzerland trade perform in 2025 Q1?

Peru's exports to Switzerland totaled $650.42M in Q1 2025, with mixed YoY growth (strong in January and February but a sharp drop in March). Imports from Switzerland were $37.81M, showing volatile YoY shifts.

What are the top exports from Peru to Switzerland?

Peru's top export to Switzerland is HS Code 71 (Pearls, precious stones, metals), accounting for 99.45% of total exports.

What does Peru import from Switzerland?

Peru's top import from Switzerland is HS Code 30 (Pharmaceuticals), making up 25.48% of total imports.

What is the trade balance between Peru and Switzerland?

Peru recorded a trade surplus of $612.61M in Q1 2025, with exports exceeding imports by over 17x.