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Trade Balance of Goods in Peru: Overview from 2017 to 2023

Trade Balance of Goods in Peru: Overview from 2017 to 2023

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TGM StatBox. (2024). Trade Balance of Goods in Peru: Overview from 2017 to 2023. TGM StatBox.
Chart Details
Data Source: Calculate based World Trade Organization (WTO)'s data (export - import)
Timeframe: 2017-2023
Country: Peru
Published date: 2024
Note: The trade balance reflects the difference between the value of a country’s exports and imports of goods. This figure was calculated by TGM StatBox, using data from the World Trade Organization (WTO). A positive balance signals a surplus, while a negative one indicates a deficit.
Key Takeaways
Peru consistently recorded trade surpluses, with notable fluctuations from 3,569.4 million USD in 2017 to a high of 8,757.3 million USD in 2021, supported by strong exports of copper, gold, and agricultural products. However, the surplus dipped to 1,931.6 million USD in 2022, reflecting lower commodity prices and increased import costs.

By 2023, the surplus rebounded to 8,450.5 million USD, driven by recovering global demand for Peru’s mineral and agricultural exports. Peru’s trade performance underscores the country’s dependence on resource exports, making its trade balance highly sensitive to global commodity market trends.

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