Peru - United States Trade 2024 Q4: $760M Surplus
Key Market Takeaways: Peru - United States Trade
The bilateral trade relationship between Peru and United States remains stable with a clear trade surplus in Q4 2024.
- Peru holds a $760M trade surplus, exporting $3.35B (flat YoY) while importing $2.59B (flat YoY), reflecting steady demand and no major disruptions.
- Peru - United States trade statistics show a resource-for-tech exchange: Peru supplies fruits/nuts (41% of exports) and metals, while the U.S. dominates with energy (49% of imports) and machinery.
- Complementary economies—Peru’s commodity-driven exports balance U.S. industrial and energy exports, reinforcing mutual supply chain dependencies.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Peru-United States Trade Trend in Q4 2024
Peru Export Performance: Shipments to United States
- Total Volume: $3.35B in Q4 2024.
- Growth Trend & Context: YoY data flat (0.0%), suggesting stable demand. No significant policy shifts or disruptions noted.
- Key Volatility: Steady MoM growth (6.78%–17.03%), peaking in October ($1.03B, +17.03% MoM).
Peru Import Performance: Sourcing from United States
- Total Volume: $2.59B in Q4 2024.
- Growth Trend & Context: YoY unchanged (0.0%), indicating consistent import levels. No external shocks reported.
- Key Volatility: December saw the highest imports ($900.82M, +10.06% MoM), while November dipped (-6.43% MoM).
Peru - United States Trade Balance & Market Dynamics
- Net Position: Trade surplus of $760M (Exports $3.35B > Imports $2.59B).
- Relationship Status: Peru maintains a clear net exporter role, with exports outpacing imports by 29.4% in Q4.
Peru Import Trend from United States 2024 Q4 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Oct | 874.72M | 15.08% | 0.0% |
| Nov | 818.45M | -6.43% | 0.0% |
| Dec | 900.82M | 10.06% | 0.0% |
| Total | 2.59B | - | - |
Peru Export Trend to United States 2024 Q4 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Oct | 1.03B | 17.03% | 0.0% |
| Nov | 1.12B | 8.63% | 0.0% |
| Dec | 1.20B | 6.78% | 0.0% |
| Total | 3.35B | - | - |
Get Historical Peru United States Trade Records
Peru-United States Top Trading Products in Q4 2024
Peru Export Profile: What Does Peru Sell to United States
- Top Commodity: Rank #1 export is HS 08 (Edible fruit and nuts) at 41.28% of total exports.
- Demand Driver: United States buys these primarily for its consumer market, as HS 08 includes staples like avocados, grapes, and nuts.
- Concentration: Trade is moderately concentrated, with the top commodity holding over 40% share, followed by metals (HS 74, 71) and apparel (HS 61).
Peru Import Profile: What Does Peru Buy from United States
- Top Commodity: Rank #1 import is HS 27 (Mineral fuels, oils) at 49.32%, nearly half of total imports.
- Dependency Nature: Reflects energy security dependency, as Peru relies on U.S. for refined petroleum products. Other imports include machinery (HS 84) and plastics (HS 39), indicating industrial supply chain needs.
Peru - United States Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity—Peru exports raw materials (fruits, metals) and imports energy and industrial goods.
- Value Chain Position: United States holds the higher value-add position, supplying advanced machinery (HS 84, 85) and chemicals, while Peru’s exports are predominantly low-processed commodities.
Import Analysis by Product: United States to Peru (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 27 | 1.28B | 49.32% |
| 84 | 291.19M | 11.23% |
| 39 | 141.96M | 5.47% |
| 87 | 108.66M | 4.19% |
| 85 | 68.87M | 2.66% |
| 40 | 66.35M | 2.56% |
| 38 | 59.76M | 2.30% |
| 90 | 59.49M | 2.29% |
| 72 | 40.55M | 1.56% |
| 73 | 36.15M | 1.39% |
Export Analysis by Product: Peru to United States (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 08 | 1.38B | 41.28% |
| 74 | 248.64M | 7.43% |
| 71 | 239.41M | 7.16% |
| 61 | 198.12M | 5.92% |
| 07 | 165.85M | 4.96% |
| 09 | 150.71M | 4.51% |
| 80 | 128.94M | 3.85% |
| 20 | 121.23M | 3.62% |
| 26 | 100.69M | 3.01% |
| 18 | 93.81M | 2.80% |
Check Detailed Peru-United States Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Peru’s trade surplus with the United States is expected to hold steady in 2025, supported by sustained demand for its key exports—edible fruits and metals—and stable energy imports. The absence of major policy shifts or disruptions suggests a continuation of the current equilibrium, though exporters should monitor U.S. consumer trends for early signals of softening demand. The complementary nature of the relationship—Peru’s raw materials for U.S. industrial goods—reinforces resilience, but traders must prepare for potential volatility in commodity prices and energy costs.
Strategic Moves
- Lock in Long-Term Contracts for HS 08 Exports: With edible fruits dominating Peru’s export basket, securing fixed-price agreements with U.S. buyers will mitigate price fluctuations and ensure stable revenue.
- Diversify Energy Import Sources: Reduce reliance on U.S. mineral fuels (HS 27) by exploring alternative suppliers or investing in domestic energy infrastructure to lower dependency risks.
- Upgrade Export Processing for Metals (HS 74, 71): Move beyond low-value raw shipments by investing in intermediate processing (e.g., refined copper) to capture higher margins in the U.S. industrial supply chain.
Frequently Asked Questions
How did Peru - United States trade perform in 2024 Q4?
Peru exported $3.35B to the United States and imported $2.59B, with both YoY growth rates flat (0.0%), indicating stable trade levels.
What are the top exports from Peru to United States?
Edible fruit and nuts (HS 08) dominated Peru’s exports at 41.28%, followed by metals (HS 74, 71) and apparel (HS 61).
What does Peru import from United States?
Mineral fuels and oils (HS 27) accounted for 49.32% of imports, alongside machinery (HS 84) and plastics (HS 39).
What is the trade balance between Peru and United States?
Peru maintained a trade surplus of $760M in Q4 2024, with exports exceeding imports by 29.4%.
Peru - United States Trade 2024 Q3: Balanced Resource-Tech Exchange
Peru's trade with the U.S. shows a balanced $5.28B exchange, with Peru's fruits and metals meeting U.S. demand while importing energy. Explore Peru-United States trade trends on yTrade.
Peru Unwrought Silver HS710691 Export Data 2025 April Overview
Peru's Unwrought Silver (HS Code 710691) exports in April 2025 were led by Switzerland (48.26% share) at 1286 USD/kg, with stable flows to bulk and niche buyers, per yTrade data.
