Peru trade outlook: Exports rise amid mining boom and new trade negotiations

Peru is experiencing significant shifts in its trade landscape. Total exports reached US$63.5 billion between January and July 2026, a 33.3% increase compared to the previous year, driven largely by high international mineral prices. Key drivers include gold, copper, and agricultural products like avocado, grapes, and blueberries. Specifically, gold exports to India surged by 152% during the first seven months of 2026, prompting the Peruvian government to accelerate negotiations for a Free Trade Agreement (FTA) with India.

China remains Peru's top trading partner for the 12th consecutive year, with Chinese investment in the country exceeding US$30 billion. This includes significant infrastructure projects like the Chancay megaport. Meanwhile, the Peruvian government is addressing trade tensions with the United States. President Keiko Fujimori has requested that U.S. Secretary of State Marco Rubio reevaluate a 12.5% tariff applied to Peruvian exports, citing the existing Free Trade Agreement and the potential economic impact of the El Niño phenomenon.

In the private sector, Sodexo Peru projects record sales of S/ 1,000 million for 2026, supported by new contracts in the mining and energy industries.