2026-06-13

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Study Note No. 42: Trade Balance - April 2026

The Central Reserve Bank of Peru (BCRP) reported that in April 2026, Peru's trade balance recorded a monthly surplus of USD 3,304 million, accumulating USD 43 billion over the last twelve months. This was driven by a significant 51.1 percent year-on-year increase in exports, totaling USD 9,329 million, primarily due to higher prices and volumes of mining products. Imports also rose by 34.0 percent year-on-year to USD 6,025 million, mainly from increased purchases of durable consumer goods, oil derivatives, and capital goods.

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BCRP STUDY NOTES No. 42 – June 12, 2026 System No.: INF-2020-000099 Signed with certificates. 1 / 29 TRADE BALANCE: APRIL 20261 Trade Balance

  1. In April, exports totaled USD 9,329 million, 51.1 percent higher year-on-year, due to both a 33 percent increase in export prices, mainly for mining products such as copper and gold; and a 13.7 percent increase in volumes, due to larger shipments of gold and copper concentrates. Mining exports have been complemented with shipping information (from the SUNAT database) that has not yet been regularized. Imports amounted to USD 6,025 million, 34.0 percent higher year-on-year, after an increase in volumes of durable consumer goods, oil derivatives, and capital goods. Terms of trade increased 20.9 percent year-on-year in April due to the increase in export prices (33.0 percent). With these results, in April the trade balance registered a monthly surplus of USD 3,304 million and accumulated one of USD 43 billion in the last twelve months. Table 1 1 Prepared by Alexander Berrocal and Natalio Sánchez, supervised by María del Rosario Bernedo. 2025 Apr. (a) Mar. Apr. (b) (b)-(a) Var. % 12 months 2025 (i) 2026 (ii) (ii)-(i) Var. %
  2. EXPORTS 6,173 9,947 9,329 3,156 51.1 27,018 38,054 11,036 40.8 Traditional Products 1/ 4,468 8,263 7,544 3,076 68.8 20,060 30,820 10,760 53.6 Non-traditional Products 1,687 1,652 1,745 57 3.4 6,886 7,112 227 3.3 Others 17 32 40 23 132.0 72 122 50 68.4
  3. IMPORTS 4,495 5,790 6,025 1,530 34.0 18,463 21,883 3,420 18.5 Consumer Goods 1,030 1,379 1,346 316 30.7 4,235 5,172 936 22.1 Inputs 2,139 2,723 2,837 698 32.6 8,814 9,976 1,163 13.2 Capital Goods 1,319 1,682 1,837 518 39.3 5,324 6,588 1,264 23.7 Other goods 7 6 5 -2 -27.2 90 147 57 63.9
  4. TRADE BALANCE 1,678 4,157 3,304 1,626 8,555 16,171 7,616 Source: Sunat and BCRP TRADE BALANCE (Millions of USD) 2026 April January - April 1/ Mining exports have been complemented with shipping information (from the SUNAT database) that has not yet been regularized.

BCRP STUDY NOTES No. 42 – June 12, 2026 System No.: INF-2020-000099 Signed with certificates. 2 / 29 Graph 1 Source: Sunat and BCRP. Exports 2. In April, exports totaled USD 9,329 million, 51.1 percent higher than in the same month of 2025. This result was mainly driven by the increase in international prices of the main export products, especially copper and gold, which contributed to raising the average export price by 33 percent. Higher oil prices, associated with the conflict in Iran, as well as the increase in the price of coffee, fishmeal, and lead, the latter favored by the silver content present in its shipments, also contributed. The exported volume increased by 13.7 percent, favored by larger shipments of gold and copper concentrates, after various mines accumulated copper inventories in April 2025 due to anomalous swells. Trade balance (Accumulated last 12 months) -2.9 2.0 6.7 7.2 6.9 8.1 14.9 10.1 17.0 17.4 17.9 17.7 16.9 18.0 18.9 20.1 21.2 22.4 22.8 24.1 24.1 24.8 25.4 26.3 27.1 27.1 27.6 27.7 28.3 30.1 33.0 33.6 35.4 37.8 39.7 41.4 43.0 -20 -10 0 10 20 30 40 50 60 -10.0 0.0 10.0 20.0 30.0 40.0 50.0 D.15 D.16 D.17 D.18 D.19 D.20 D.21 D.22 D.23 E.24 F M A M J J A S O N D E.25 F M A Var. % Billions of USD Trade Balance Var. % Exports Var. % Imports

BCRP STUDY NOTES No. 42 – June 12, 2026 System No.: INF-2020-000099 Signed with certificates. 3 / 29 Graph 2 Source: Sunat and BCRP. Table 2 3. Exports of traditional products amounted to USD 7,544 million in April, registering a year-on-year growth of 68.8 percent. This result was mainly driven by the increase in export prices of the main metals, highlighting copper, gold, and lead (the latter due to the silver content in its shipments), whose prices grew by more than 40 percent compared to the same month of the previous year. However, compared to March, export prices for copper and gold showed reductions, in line with the correction observed in their international quotations after the increase in uncertainty associated with the conflict in the Middle East. On the other hand, hydrocarbon exports decreased in the month, mainly explained by the almost zero export of natural gas due to scheduled maintenance work in the lot destined for the external market. This was compounded by lower exported volumes of crude oil and derivatives. In the case of the fishery sector, the exported value also decreased as a consequence of the lower availability of anchovy biomass, which limited the production and export of fishmeal. Total Exports (Var.% compared to the same period of the previous year) A.25 M J J A S O N D E.26 F M A USD Millions 6,173 6,780 7,220 7,546 7,902 9,242 9,825 8,839 9,621 9,790 8,988 9,947 9,329 Var.% 12 months 18.3 8.5 16.4 9.6 14.2 34.2 50.7 12.4 36.1 36.9 38.3 38.4 51.1 12.1 12.0 14.4 15.0 15.8 18.4 23.1 26.1 29.8 36.4 36.8 38.7 33.0 5.4 -3.2 1.7 -4.4 -1.1 13.1 23.0 -10.7 4.9 0.3 0.9 -0.2 13.7 -20.0 -10.0 0.0 10.0 20.0 30.0 40.0 50.0 60.0 A.25 M J J A S O N D E.26 F M A Price Volume Value Apr. 26 / Mar. 26 Apr. 26 / Apr. 25 Jan-Apr.26 / Jan-Apr.25 Apr. 26 / Mar. 26 Apr. 26 / Apr. 25 Jan-Apr.26 / Jan-Apr.25 Total -4.4 13.7 3.4 -1.8 33.0 36.2 Traditional -6.8 18.2 3.8 -2.0 42.8 48.0 Fishmeal -53.9 -56.0 -29.5 8.3 53.0 40.5 Coffee 61.4 15.8 25.7 -11.1 -17.9 10.9 Copper 1/ -10.3 31.0 4.3 -3.6 47.3 52.7 Gold 12.9 20.8 4.7 -2.8 46.2 63.5 Zinc 1/ -14.7 -13.1 15.1 -3.0 10.7 11.6 Crude oil and derivatives -48.9 -40.2 -31.9 34.8 90.5 27.1 Natural Gas -99.7 -99.7 -30.0 -34.0 25.3 -9.6 Non-traditional 6.8 -1.0 0.3 -1.1 4.4 3.0 Agricultural 4.4 3.0 3.6 -2.2 4.7 1.8 Textile 6.3 -5.9 -11.2 -0.7 7.8 6.0 Fishery -6.9 -5.2 47.2 2.5 -22.3 -19.5 Chemical 13.5 16.7 0.1 1.1 5.7 6.8 Iron and Steel/Metallurgical 21.8 -11.5 -23.9 -0.9 27.4 28.6 Non-Metallic Mining 11.6 -1.5 -4.4 -1.2 3.2 0.0 Source: Sunat and BCRP Exports - April 2026 (Percentage Variations) Volume index Price index 1/ Copper and zinc exports have been estimated based on exports reported to Minem, in cases of companies that have made shipments but do not yet appear in the export registry.

BCRP STUDY NOTES No. 42 – June 12, 2026 System No.: INF-2020-000099 Signed with certificates. 4 / 29 of 40 percent compared to the same month of the previous year. However, compared to March, export prices for copper and gold showed reductions, in line with the correction observed in their international quotations after the increase in uncertainty associated with the conflict in the Middle East. On the other hand, hydrocarbon exports decreased in the month, mainly explained by the almost zero export of natural gas due to scheduled maintenance work in the lot destined for the external market. This was compounded by lower exported volumes of crude oil and derivatives. In the case of the fishery sector, the exported value also decreased as a consequence of the lower availability of anchovy biomass, which limited the production and export of fishmeal. Table 3 4. In April, non-traditional exports grew by 3.4 percent year-on-year due to a 4.4 percent increase in the average export price, a behavior shared by all sectors (except fishery), especially the iron and steel/metallurgical sector due to high metal prices. For its part, the exported volume decreased by 1.0 percent due to lower shipments in most sectors. However, increased shipments of agricultural and chemical products helped moderate this decline. 2025 Apr. (a) Mar. Apr. (b) (b)-(a) Var. % 12 months 2025 (i) 2026 (ii) (ii)-(i) Var. % Total 4,468 8,263 7,544 3,076 68.8 20,060 30,820 10,760 53.6 Mining 1/ 4,094 7,624 7,227 3,134 76.6 17,716 28,653 10,937 61.7 Oil 184 309 141 -43 -23.2 1,214 932 -281 -23.2 Fishery 160 305 142 -18 -11.2 983 1,034 51 5.2 Oil 124 205 141 17 13.8 709 613 -96 -13.5 Natural gas 60 104 0 -60 -99.6 504 319 -185 -36.8 Agricultural 31 25 34 3 9.0 148 201 53 36.0 Source: Sunat and BCRP April January - April 1/ Mining exports have been complemented with shipping information (from the SUNAT database) that has not yet been regularized. 2026 EXPORTS BY GROUPS OF TRADITIONAL PRODUCTS (Millions of USD)

BCRP STUDY NOTES No. 42 – June 12, 2026 System No.: INF-2020-000099 Signed with certificates. 5 / 29 Graph 3 Source: Sunat and BCRP. Table 4 5. In April, non-traditional exports showed favorable performance to all destinations, except Asia (including China). Higher exports to the European Union and the United States were explained by agricultural products, while those directed to Latin America were due to chemical products. On the other hand, lower exports to China and the rest of Asia are mainly due to the reduction in prices of fishery products given the high availability of squid and the high comparative base of last April (the availability of this resource began in March 2025). Non-traditional Exports (Var.% compared to the same period of the previous year) A.25 M J J A S O N D E.26 F M A USD Millions 1,687 1,696 1,746 1,929 2,006 2,172 2,319 2,305 2,357 1,996 1,719 1,652 1,745 Var.% 12 months 40.4 16.2 16.1 6.1 13.6 14.7 10.1 2.3 12.2 2.0 7.1 1.0 3.4 -2.8 -4.5 -5.7 -5.7 -6.6 -6.9 -3.1 -2.2 -2.0 1.9 1.5 4.2 4.4 44.5 21.7 23.2 12.5 21.6 22.5 13.9 4.8 14.8 0.1 5.5 -3.1 -1.0 -10.0 0.0 10.0 20.0 30.0 40.0 50.0 A.25 M J J A S O N D E.26 F M A Price Volume Value 2025 Country Total 1,687 1,652 1,745 57 3.4 6,886 7,112 227 3.3 of which: China 163 108 101 -62 -38.0 324 397 73 22.4 Latin America 471 479 518 47 10.0 2,039 1,985 -54 -2.7 United States 388 400 411 22 5.8 2,075 2,119 44 2.1 Asia (excluding China) 150 119 138 -11 -7.6 590 539 -51 -8.6 European Union 362 391 421 59 16.2 1,306 1,474 168 12.9 Andean Community 192 192 219 27 14.3 784 813 29 3.7 MAIN DESTINATIONS: NON-TRADITIONAL EXPORTS (Millions of USD) 2026 April January - April Apr. (a) Mar. Apr. (b) (b)-(a) Var. % 12 months 2025 2026 (ii)-(i) Var. % Source: Sunat.

BCRP STUDY NOTES No. 42 – June 12, 2026 System No.: INF-2020-000099 Signed with certificates. 6 / 29 6. Agricultural exports reached USD 770 million in April, 7.9 percent more than in the same month of the previous year, driven by both a 4.7 percent growth in the average export price and a 3 percent growth in exported volume. In terms of volume, shipments were supported by larger shipments of grapes (88.2 percent, at the end of their season), pomegranates (38.2 percent, at the peak of their season), and avocados (5.6 percent). The price increase occurred in a context of rising asparagus prices (20.2 percent) due to climatic problems affecting production in the United States and Europe, as well as mangoes (63.8 percent) after lower Peruvian supply. Graph 4 Source: Sunat and BCRP. 7. Textile product exports totaled USD 144 million in April, representing a year-on-year growth of 1.4 percent, supported by a 7.8 percent increase in export prices. Although higher sales of fine alpaca hair to China were recorded, the sector showed a 5.9 percent drop in exported volumes, mainly explained by lower sales of clothing destined for the United States. Agricultural Exports (Var.% compared to the same period of the previous year) A.25 M J J A S O N D E.26 F M A USD Millions 714 737 802 1,004 1,215 1,266 1,370 1,428 1,459 1,201 804 754 770 Var.% 12 months 45.3 19.9 11.4 6.7 30.1 18.5 2.2 -3.7 10.0 6.7 1.1 5.9 7.9 -9.2 -10.8 -12.0 -11.5 -12.2 -14.0 -7.6 -6.9 -6.6 -1.9 -0.4 4.7 4.7 60.1 34.5 26.5 20.5 48.2 37.8 10.9 3.8 18.4 8.8 1.5 1.1 3.0 -20.0 -10.0 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 A.25 M J J A S O N D E.26 F M A Price Volume Value

BCRP STUDY NOTES No. 42 – June 12, 2026 System No.: INF-2020-000099 Signed with certificates. 7 / 29 Graph 5 Source: Sunat and BCRP. 8. Chemical product exports totaled USD 243 million in April, an amount 23.4 percent higher year-on-year. This result is explained by both a 16.7 percent year-on-year increase in exported volume and a 5.7 percent increase in exported price. Higher sales of explosive initiation objects (nearly 130 percent), polypropylene films (97.9 percent), and zinc oxide (35.6 percent) were recorded. Graph 6 Source: Sunat and BCRP. Textile Exports (Var.% compared to the same period of the previous year) A.25 M J J A S O N D E.26 F M A USD Millions 142 149 144 153 135 142 147 137 160 126 126 137 144 Var.% 12 months 10.4 2.0 1.4 0.1 -2.2 2.3 8.0 0.8 3.1 -9.1 -12.7 -3.0 1.4 -1.2 -0.5 0.5 2.6 0.6 1.1 1.1 4.1 3.4 4.9 4.9 6.6 7.8 11.8 2.6 0.9 -2.4 -2.7 1.2 6.8 -3.2 -0.3 -13.3 -16.8 -9.0 -5.9 -20.0 -15.0 -10.0 -5.0 0.0 5.0 10.0 15.0 A.25 M J J A S O N D E.26 F M A Price Volume Value Chemical Exports (Var.% compared to the same period of the previous year) A.25 M J J A S O N D E.26 F M A USD Millions 197 205 183 188 194 212 223 206 190 195 211 212 243 Var.% 12 months 18.8 5.1 0.9 -4.6 -2.9 9.0 15.4 12.7 10.9 -6.2 19.4 -5.0 23.4 11.9 9.1 7.7 8.7 6.0 9.3 6.3 3.1 1.5 8.0 7.6 6.1 5.7 6.1 -3.7 -6.3 -12.2 -8.4 -0.1 8.6 9.3 9.4 -13.2 11.0 -10.5 16.7 -15.0 -10.0 -5.0 0.0 5.0 10.0 15.0 20.0 25.0 30.0 A.25 M J J A S O N D E.26 F M A Price Volume Value

BCRP STUDY NOTES No. 42 – June 12, 2026 System No.: INF-2020-000099 Signed with certificates. 8 / 29 9. In April, iron and steel/metallurgical and jewelry exports totaled USD 212 million, representing a year-on-year growth of 12.8 percent. This result is explained by the 27.4 percent expansion in export prices, in line with higher international metal prices. The imposition of tariffs by the United States continued to affect shipments of copper products, causing an 11.5 percent drop in volumes. Lower sales of copper wire (-68.8 percent), refined copper bars (-32.1 percent), and copper wire rods (-14.4 percent) were recorded. 10. In April, fishery product exports totaled USD 198 million, representing a contraction of 5.9 percent compared to the same month of 2025, the first drop after seven consecutive months of growth. Prices continued to decrease (-22.3 percent), in line with what has been observed in the last three months and as a result of the increased Peruvian supply of squid in international markets. This was compounded by a 5.2 percent reduction in exported volume. This performance was associated with the exhaustion of the favorable base effect recorded a year ago, when exported volume increased by 137.2 percent. Although the availability of squid biomass remains high, lower exports of frozen squid (-2.5 percent), frozen fish (-73.2 percent), and frozen shrimp (-38.5 percent) were observed. 11. Exports of non-metallic mining products registered an increase of 1.6 percent. This performance responded to a 3.2 percent expansion in export prices, although attenuated by a 1.5 percent drop in exported volume. Among the items with the largest drop in exports were mineral coal (-24.1 percent) and ceramic tiles (-22.7 percent). 12. In the region, Peru registered the third largest increase in non-traditional exports in the accumulated 12-month period to April, after Colombia and Mexico. On the other hand, Peru's average annual growth over the last five years was 8.5 percent, the highest in the region after Mexico.

BCRP STUDY NOTES No. 42 – June 12, 2026 System No.: INF-2020-000099 Signed with certificates. 9 / 29 Graph 7 1/. Excludes commodity sales. Chile: excludes mining exports. Colombia, corresponds to April-March and excludes coffee, coal, oil and derivatives, ferronickel, and non-monetary gold. Brazil: excludes primary products (food and beverages, fuels and lubricants, and industrial inputs). Mexico: excludes oil exports. Source: SUNAT, Central Banks of Chile, Colombia and Mexico, and Ministry of Economy of Brazil. Imports 13. Imports totaled USD 6,025 million in April, 34.0 percent more than in the same period of the previous year, mainly due to higher purchases of oil and derivatives, capital goods, and durable consumer goods. Non-Traditional Exports 1/: May 2025 - April 2026 (12-month Var. %) 15.1 12.0 8.5 4.3 3.6 Mexico Colombia Peru Brazil Chile Non-Traditional Exports 1/: Average annual growth (May 2021 - April 2026) 9.0 8.5 8.2 5.0 3.3 Mexico Peru Colombia Brazil Chile

BCRP STUDY NOTES No. 42 – June 12, 2026 System No.: INF-2020-000099 Signed with certificates. 10 / 29 Table 5 Graph 8 Source: Sunat and BCRP. 14. The import volume index increased by 21.9 percent year-on-year in April, attributable to higher volumes acquired of durable consumer goods (48.0 percent), oil and derivatives (30.4 percent), mainly derivatives, and capital goods (31.7 percent). 2025 TOTAL IMPORTS 4,495 5,790 6,025 1,530 34.0 18,463 21,883 3,420 18.5

  1. CONSUMER GOODS 1,030 1,379 1,346 316 30.7 4,235 5,172 936 22.1 Non-durable 610 737 675 65 10.6 2,479 2,660 181 7.3 Main foodstuffs 52 58 49 -3 -6.1 228 199 -30 -13.0 Rest 558 680 626 68 12.2 2,251 2,462 210 9.3 Durable 420 641 672 251 59.9 1,756 2,512 756 43.0
  2. INPUTS 2,139 2,723 2,837 698 32.6 8,814 9,976 1,163 13.2 Foodstuffs 200 222 207 6 3.2 861 825 -36 -4.2 Oil and derivatives 585 943 1,142 557 95.2 2,668 3,443 774 29.0 Industrial inputs 1,353 1,559 1,488 135 10.0 5,284 5,709 425 8.0
  3. CAPITAL GOODS 1,319 1,682 1,837 518 39.3 5,324 6,588 1,264 23.7 Construction materials 115 141 168 53 45.7 432 596 164 38.0 Rest of capital goods 1,204 1,542 1,670 465 38.6 4,892 5,992 1,099 22.5 Note:

IMPORTS BY ECONOMIC USE OR DESTINATION (Millions of USD) 2026 April January - April Apr. (a) Mar. Apr. (b) (b)-(a) Var. % 12 months 2025 (i) 2026 (ii) (ii)-(i) Var. %

Capital goods excluding materials and cell phones 1,102 1,404 1,485 383 34.7 4,529 5,401 872 19.3 4. OTHER GOODS 7 6 5 -2 -27.2 90 147 57 63.9 Source: Sunat, ZofraTacna and MEF. Prepared by: BCRP. 1/ Estimated

Total Imports (Var.% compared to the same period of the previous year) A.25 M J J A S O N D E.26 F M A USD Millions 4,495 4,825 4,424 5,114 5,137 4,851 5,331 4,950 5,465 5,258 4,810 5,790 6,025 Var.% 12 months 3.6 11.9 13.9 12.3 7.5 12.3 10.8 6.3 16.3 5.5 13.5 21.9 34.0 -3.0 -5.2 -3.6 -2.3 -1.5 -0.5 -0.5 0.6 -1.3 -1.1 -0.5 4.8 10.0 6.8 18.0 18.1 15.0 9.1 12.9 11.3 5.6 17.9 6.7 14.1 16.4 21.9 -10.0 -5.0 0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 A.25 M J J A S O N D E.26 F M A Price Volume Value

BCRP STUDY NOTES No. 42 – June 12, 2026 System No.: INF-2020-000099 Signed with certificates. 11 / 29 The import price index showed a year-on-year increase of 10.0 percent. This result is primarily explained by higher prices for crude oil and derivatives (49.7 percent), in line with the increase in international quotations due to the conflict in the Middle East. Table 6 15. Imports of non-durable consumer goods – excluding main foodstuffs – increased by 12.2 percent year-on-year in April. The increase in purchases of perfumery and cosmetics (25.2 percent) and printed articles (102.1 percent) stands out. 16. Imports of main foodstuffs for consumption decreased by 5.7 percent, due to lower prices (6.2 percent), especially for rice and sugar. Apr.26 / Mar. 26 Apr.26 / Apr. 25 Jan-Apr.26 / Jan-Apr. 25 Apr.26 / Mar. 26 Apr.26 / Apr. 25 Jan-Apr.26 / Jan-Apr. 25 Total Imports -0.6 21.9 14.8 4.7 10.0 3.3

  1. Consumer Goods -3.6 23.4 16.9 1.3 5.9 4.5 Non-durable -9.3 6.0 3.8 0.9 4.3 3.3 Foodstuffs -15.7 0.1 -9.0 -6.2 0.9 -4.4 Rest -8.8 6.6 5.1 0.9 5.2 4.0 Durable 2.8 48.0 34.9 1.8 8.0 6.0
  2. Inputs -3.8 15.5 10.6 8.2 14.8 2.4 Foodstuffs -5.8 6.2 -0.8 -0.9 -2.8 -3.5 Oil and derivatives -0.4 30.4 16.8 21.6 49.7 10.5 Industrial inputs -6.6 7.7 8.2 2.2 2.1 -0.2
  3. Capital Goods 7.3 31.7 19.0 1.8 5.7 3.9 Construction materials 17.0 37.8 32.8 1.8 5.7 3.9 Rest of capital goods 6.4 31.1 17.8 1.8 5.7 3.9 Note:

Imports - April 2026 (Percentage Variations) Volume index Price index

Capital goods excluding materials or cell phones 3.9 27.4 14.7 1.8 5.7 3.9 Source: Sunat, ZofraTacna and MEF. Prepared by: BCRP.

BCRP STUDY NOTES No. 42 – June 12, 2026 System No.: INF-2020-000099 Signed with certificates. 12 / 29 Table 7 17. Imports of durable consumer goods increased by 59.9 percent in April. This is primarily explained by higher imports of automobiles (84.3 percent), televisions (100.7 percent), and motorcycles and bicycles (80.7 percent). In terms of volume, a year-on-year increase of 48.0 percent was observed for the aforementioned products; while prices in this category increased by 8.0 percent compared to the same month of the previous year. In the month, a year-on-year growth in courier shipments of 117.9 percent (equivalent to an increase of USD 59 million) was reported, mainly due to increased shipments from China. 2025 TOTAL 52 58 49 -3 -5.7 228 199 -30 -13.0 RICE 6 5 6 0 -8.1 39 18 -21 -54.5 Volume (thousand tons) 9 9 11 2 19.1 56 34 -22 -39.3 Price (US$/ton) 665 530 513 -151 -22.8 705 528 -177 -25.1 SUGAR 7 12 12 5 72.3 49 45 -5 -9.2 Volume (thousand tons) 13 25 26 13 107.2 87 94 7 8.5 Price (US$/ton) 551 458 458 -93 -16.8 566 474 -92 -16.3 DAIRY PRODUCTS 32 25 14 -18 -56.9 105 74 -30 -29.0 Volume (thousand tons) 8 7 4 -4 -52.7 28 21 -8 -26.7 Price (US$/ton) 3,938 3,474 3,590 -348 -8.8 3,719 3,601 -117 -3.2 MEAT 7 17 18 11 144.3 35 62 27 77.7 Volume (thousand tons) 2 4 4 2 97.3 11 14 3 28.0 Price (US$/ton) 4,063 4,631 5,030 967 23.8 3,090 4,291 1,201 38.8 Source: Sunat. Prepared by: BCRP. IMPORTS OF MAIN FOODSTUFFS: CONSUMPTION (Millions of USD) 2026 April January - April Apr. (a) Mar. Apr. (b) (b)-(a) Var. % 12 months 2025 (i) 2026 (ii) (ii)-(i) Var. %

BCRP STUDY NOTES No. 42 – June 12, 2026 System No.: INF-2020-000099 Signed with certificates. 13 / 29 Graph 9 Source: Sunat and BCRP. 18. In April, imports of foodstuffs used as inputs rose in value by 3.2 percent year-on-year, mainly explained by higher volumes and prices of soy. Table 8 Imports of durable consumer goods (Var.% compared to the same period of the previous year) A.25 M J J A S O N D E.26 F M A USD Millions 420 466 468 519 560 546 584 567 601 648 551 641 672 Var.% 12 months 22.3 27.4 31.2 32.7 32.2 28.8 18.8 19.3 24.4 46.4 29.9 36.7 59.9 -0.7 -0.3 0.8 1.0 1.1 0.7 0.9 1.9 3.5 4.7 5.4 5.8 8.0 23.2 27.7 30.2 31.3 30.8 27.