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. goods and services trade with Peru totaled an estimated $26.7 billion in 2024, up 1.5 percent ($400.9 million) from 2023.
U.S. total goods trade with Peru were an estimated $20.5 billion in 2024. U.S. goods exports to Peru in 2024 were $11.1 billion, down 5.2 percent ($614.2 million) from 2023. U.S. goods imports from Peru in 2024 totaled $9.4 billion, up 7.3 percent ($633.1 million) from 2023. The U.S. goods trade surplus with Peru was $1.8 billion in 2024, a 41.2 percent decrease ($1.2 billion) over 2023.
U.S. total services trade (exports plus imports) with Peru totaled an estimated $6.2 billion in 2024. U.S. services exports to Peru in 2024 were $3.8 billion, up 0.8 percent ($32 million) from 2023. U.S. services imports from Peru in 2024 were $2.4 billion, up 17.1 percent ($350 million) from 2023. The U.S. services trade surplus with Peru was $1.4 billion in 2024, an 18.3 percent decrease ($318 million) over 2023.
