FX.co ★ Peru Trade Surplus Narrows in May

In May 2025, Peru experienced a reduction in its trade surplus, which decreased to USD 1,355 million from USD 1,948 million in May of the previous year. This shift was due to a 1.5% drop in exports compared to the previous year, totaling USD 6,162 million. This decline was primarily driven by a decrease in traditional product exports by 7.1% and other products by 13.8%. However, these downturns were somewhat mitigated by a notable 17% rise in non-traditional product exports. Meanwhile, imports saw a significant increase of 11.5%, amounting to USD 4,807 million. This uptick was attributed to a rise in purchases of capital goods by 22.3%, consumer goods by 19.6%, and raw materials and intermediate goods by 2.7%. Over the first five months of the year, the trade surplus reached USD 9,690 million, a notable rise from USD 7,536 million during the same period in 2024, supported by a 17.3% increase in exports and a 13.2% growth in imports.