Peru: Terms of trade

* indicates monthly or quarterly data series
 Peru

Terms of trade, base year = 2000

 Latest value 127.99
 Year 2021
 Measure percent
 Data availability 1980 - 2021
 Average 93.35
 Min - Max 60.86 - 150.27
 Source The United Nations
The latest value from 2021 is 127.99 percent, an increase from 114.56 percent in 2020. In comparison, the world average is 109.62 percent, based on data from 189 countries. Historically, the average for Peru from 1980 to 2021 is 93.35 percent. The minimum value, 60.86 percent, was reached in 2001 while the maximum of 150.27 percent was recorded in 1980. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Peru - Terms of trade - Recent values chart

Historical series
Peru - Terms of trade - historical chart - 1980-2021




The terms of trade for Peru are calculated as the value of its exports as percent of the value of its imports. An increase in the terms of trade means that the value of exports is increasing relative to the value of imports. The country can afford to buy more imports with the revenue from its exports. For example, an increase in the price of oil increases (improves) the terms of trade for the oil-exporting countries and lowers it for the other countries.
Definition: Net barter terms of trade index is calculated as the percentage ratio of the export unit value indexes to the import unit value indexes, measured relative to the base year 2015.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Terms of trade 127.99 2021 percent
 Trade openness 50.91 2023 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 27.09 2023 percent
 Exports, billion dollars 72.49 2023 billion U.S. dollars
 Growth of exports 5.13 2023 percent
 Imports, percent of GDP 23.82 2023 percent
 Imports, billion dollars 63.75 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 1.46 2023 percent
 Foreign Direct Investment, billion dollars 10.85 2022 billion U.S. dollars
 Portfolio investment inflows, equities -23.61 2023 million dollars (current)
 Current account, percent of GDP -4.05 2022 percent
 Current account, in dollars 2.22 2023 billion U.S. dollars
 Trade balance, percent of GDP 3.27 2023 percent
 Trade balance, in dollars 10.34 2023 billion U.S. dollars
 Reserves 71.39 2023 billion U.S. dollars
 Remittances, percent of GDP 1.58 2023 percent
 Remittances 4,238.00 2023 million U.S. dollars
 Net errors and omissions -3,670.91 2023 million USD
 External debt 38.99 2022 percent
 Short-term external debt 11.95 2022 percent
 Short-term debt to reserves 13.75 2020 percent
 Foreign exchange reserves 83.67 9/2024 billion
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