Year over year, Peruvian exports advanced by 16% compared to the $64.4 billion in international sales during 2023.
Applying a continental lens, over half (52.9%) of Peru’s exports by value was delivered to Asian countries while 19.2% was sold to importers in North America. Peru shipped another 16.1% worth of goods to customers located in Europe.
Smaller percentages went to buyers in Latin America (11.2%) excluding Mexico but including the Caribbean, Africa (0.6%) then Oceania (0.1%) led by Australia and New Zealand.
Peru’s Top Trading Partners
Below is a list showcasing 25 of Peru’s top trading partners, countries that imported the most Peruvian shipments by dollar value during 2024. Also shown is each import country’s percentage of total Peruvian exports.
- mainland China: US$25.2 billion (33.8% of Peru’s total exports)
- United States: $9.6 billion (12.8%)
- India: $4.7 billion (6.3%)
- Canada: $3.8 billion (5.1%)
- Japan: $3.3 billion (4.5%)
- Switzerland: $2.6 billion (3.5%)
- Netherlands: $2.5 billion (3.3%)
- Chile: $2.2 billion (3%)
- Spain: $2.1 billion (2.8%)
- South Korea: $2.08 billion (2.8%)
- United Arab Emirates: $1.94 billion (2.6%)
- Brazil: $1.6 billion (2.2%)
- Ecuador: $1.1 billion (1.4%)
- Colombia: $935.2 million (1.3%)
- Germany: $909.9 million (1.2%)
- Mexico: $896.1 million (1.2%)
- United Kingdom: $852.5 million (1.1%)
- Italy: $851.7 million (1.1%)
- Bolivia: $618.1 million (0.8%)
- Panama: $610.4 million (0.8%)
- Belgium: $596.5 million (0.8%)
- Hong Kong: $435.2 million (0.6%)
- Taiwan: $398.9 million (0.5%)
- France: $376.2 million (0.5%)
- Türkiye: $310.6 million (0.4%)
Well over nine-tenths (94.5%) of Peruvian exports in 2024 was delivered to the above 25 trade partners.
The leading growth markets for Peru were the United Arab Emirates (up 87.3% from 2023), India (up 86.8%), Hong Kong (up 63.6%), Switzerland (up 58.9%) and Türkiye (up 56.3%).
Recording the severest percentage decreases for their purchases of Peruvian exports were buyers in the United Kingdom (down -33.2% from 2023), South Korea (down -11.2%), Ecuador (down -8.7%), Brazil (down -4.9%) and Germany (down -4.2%).
Countries Causing Peru’s Worst Trade Deficits
As defined by Investopedia, a country whose total value of all imported goods is higher than its value of all exports is said to have a negative trade balance or deficit.
It would be unrealistic for any exporting nation to expect across-the-board positive trade balances with all its importing partners.
Peru incurred the highest trade deficits with the following countries.
- Argentina: -US$2.7 billion (country-specific trade deficit in 2024)
- Brazil: -$1.8 billion
- Mexico: -$789 million
- Nigeria: -$700.8 million
- Vietnam: -$660.5 million
- Colombia: -$556.2 million
- Ecuador: -$549.6 million
- United States: -$468.6 million
- Thailand: -$436.2 million
- Indonesia: -$316.1 million
Among Peru’s trading partners that cause the greatest negative trade balances, Peruvian deficits with Ecuador (up 1,910%), Nigeria (up 46.8%) and Thailand (up 42.6%) grew at the fastest pace from 2023 to 2024.
These cashflow deficiencies clearly indicate Peru’s competitive disadvantages with the above countries, but also represent key opportunities for Peru to develop country-specific strategies to strengthen its overall position in international trade.
Countries Generating Peru’s Largest Trade Surpluses
Overall, Peru recorded a US$19.6 billion trade surplus in 2024, expanding by 59.2% from $12.3 billion in black ink for 2023.
Based on Investopedia’s definition of net importer, a country whose total value of all imported goods is lower than its value of all exports is said to have a positive trade balance or surplus.
Peru incurred the highest trade surpluses with the following countries.
- mainland China: US$9.5 billion (country-specific trade surplus in 2024)
- India: $3.5 billion
- Switzerland: $2.5 billion
- Canada: $2.4 billion
- Netherlands: $2.22 billion
- Japan: $2.19 billion
- United Arab Emirates: $1.9 billion
- South Korea: $1.3 billion
- Spain: $1.2 billion
- Chile: $963.5 million
Among Peru’s trading partners that generate the greatest positive trade balances, Peruvian surpluses with India (up 150.3%), United Arab Emirates (up 91.9%) and Japan (up 80.5%) grew at the fastest pace from 2023 to 2024.
These positive cashflow streams clearly indicate Peru’s competitive advantages with the above countries, but also represent key opportunities for Peru to develop country-specific strategies to optimize its overall position in international trade.
Companies Servicing Peruvian Trading Partners
Peru has only one company on Forbes Global 2000 rankings, a regional bank named Credicorp.
Wikipedia lists the following the following Peruvian companies, which are involved in global trade.
- Backus and Johnston (brewery)
- Coporación Aceros Arequipa (steel products)
- Ferreyros (industrial, construction machinery)
- Maple Energy (oil)
- Peru LNG (natural gas)
- Petroperú (petroleum)
See also Peru’s Top 10 Exports, China’s Top Trading Partners, Top US Trading Partners, South Korea’s Top Trading Partners and Canada’s Top Trading Partners
Research Sources:
Central Intelligence Agency, The World Factbook Country Profiles. Accessed on November 18, 2025
Forbes Global 2000 rankings, The World’s Biggest Public Companies. Accessed on November 18, 2025
International Trade Centre, Trade Map. Accessed on November 18, 2025
Investopedia, Net Exports Definition. Accessed on November 18, 2025
Wikipedia, Peru. Accessed on November 18, 2025