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 & Investment Summary

U.S. goods and services trade with Peru totaled an estimated $27.6 billion in 2022. Exports were $17.4 billion; imports were $10.2 billion. The U.S. goods and services trade surplus with Peru was $7.3 billion in 2022.

U.S. goods exports to Peru in 2022 were $13.6 billion, up 30.3 percent ($3.2 billion) from 2021 and up 46 percent from 2012. U.S. goods imports from Peru totaled $8.6 billion in 2022, up 25.3 percent ($1.7 billion) from 2021, and up 34 percent from 2012.  The U.S. goods trade surplus with Peru was $5.0 billion in 2022, a 39.9 percent increase ($1.4 billion) over 2021.

U.S. exports of services to Peru were an estimated $3.8 billion in 2022, 3.8 percent ($149 million) less than 2021, but 38 percent greater than 2012 levels. U.S. imports of services from Peru were an estimated $1.5 billion in 2022, 18.4 percent ($238 million) more than 2021, and 3 percent less than 2012 levels. Leading services exports from the U.S. to Peru were in the travel, financial services, and transportation sectors. The United States had a services trade surplus of an estimated $2.3 billion with Peru in 2022, down 14.5 percent from 2021.

U.S. foreign direct investment (FDI) in Peru (stock) was $9.1 billion in 2022, a 26.0 percent increase from 2021. U.S. direct investment in Peru is led by mining, wholesale trade, and manufacturing.

Peru's FDI in the United States (stock) was $293 million in 2022, up 21.6 percent from 2021.