Peru's Exports Surge 33.5% in First Quarter to $27.2 Billion

Peru's economy is showing robust signs of recovery and expansion, with export figures for the first quarter of 2026 demonstrating a remarkable 33.5% increase, totaling over $27.2 billion. This surge, as reported by the Ministry of Foreign Trade and Tourism, is a testament to the strength and diversity of Peru's export sectors, particularly minerals, fishing, and agriculture.

The mining sector, a cornerstone of the Peruvian economy, experienced a substantial 49% rise in exports, reaching $19.897 billion. This impressive performance is largely attributed to favorable international prices for key commodities like copper and gold. The data highlights specific product growth, with lead exports soaring by 204% and silver concentrate by 89%, underscoring the global demand for Peru's mineral wealth.

The fishing sector also contributed significantly, with exports up 21.5% to $1.476 billion. The giant squid, or "pota," saw an extraordinary 101.8% increase in sales, reaching $273 million, alongside strong performances in frozen fish, fish roe, and scallops. This diversification within the fishing industry showcases Peru's ability to capitalize on varied international market demands.

Furthermore, the agricultural sector grew by 7.2%, amounting to $3.067 billion, driven by strong sales of fruits such as avocados, blueberries, and grapes. This sustained growth across multiple sectors paints a positive picture for Peru's economic outlook, indicating resilience and adaptability in the face of global economic fluctuations. The increase in the total number of exporters, with a significant portion being SMEs, suggests a broadening base of economic participation within the country.