The United States and Peru signed the United States-Peru Trade Promotion Agreement (PTPA) on April 12, 2006. The Peruvian Congress ratified the Agreement in June 2006 and a Protocol of Amendment in June 2007. On December 14, 2007, the U.S.-Peru Trade Promotion Agreement Implementation Act became law, and the PTPA entered into force on February 1, 2009.
Peru Trade Summary
U.S. total goods trade with Peru were an estimated $20.6 billion in 2024. U.S. goods exports to Peru in 2024 were $11.2 billion, down 5.4 percent ($636.8 million) from 2023. U.S. goods imports from Peru in 2024 totaled $9.4 billion, up 7.2 percent ($630.7 million) from 2023. The U.S. goods trade surplus with Peru was $1.9 billion in 2024, a 40.5 percent decrease ($1.3 billion) over 2023.
