Country exposure · PE

Peru
South America · Lima · presidential republic
What Peru means for your money — the prices you pay, the tariffs in motion, and where U.S. policy could change both.

$10.7B
U.S. imports, 2025
+14.5%
change in one year
$12.1B
U.S. exports, 2025
33M
Population
$289.2B
GDP
In your house
What you buy that Peru makes
America bought $10.7B in goods from Peru in 2025. Of every $100 of it, here's where the money went.
Fruits, frozen juices
fruit and frozen juices
Copper
copper for wiring
Vegetables
vegetables
Green coffee
green coffee for roasters
Apparel, household goods - cotton
cotton clothing and linens
Tin
Finished metal shapes
Steelmaking materials
Nonmonetary gold
Zinc
2026 so far (through April): $3.9B in imports. Source: U.S. Census Bureau, International Trade in Goods (customs basis).
The other direction
What America sells to Peru
$12.1B in 2025 — a trade rupture cuts both ways, for American producers as well as American prices.
Petroleum products, other
$2.2BFuel oil
$1.5BCrude oil
$1.1BPlastic materials
$482Mplastics for packaging and goods
Excavating machinery
$358MIndustrial machines, other
$333MCivilian aircraft, engines, equipment, and parts
$311MMinimum value shipments
$310MIndustrial engines
$303MWhere you stand
U.S. tariff posture toward Peru
No U.S. tariff action singles this country out. Its goods face the universal 10% temporary import surcharge under Section 122 of the Trade Act (which replaced the IEEPA reciprocal baseline in February 2026) plus the sectoral Section 232 duties — steel and aluminum at 50% — that apply to all countries. The Section 122 surcharge is statutorily temporary — scheduled to lapse on or about July 23, 2026 (a 150-day cap) unless extended or replaced.
Reciprocal tariff (universal baseline)
10%
The universal 10% floor — a Section 122 import surcharge since February 2026, previously the EO 14257 reciprocal baseline — applies to nearly all U.S. imports. This country has no higher assigned rate of its own.
Policy in motion
Tariff status: a moving target
No U.S. tariff action names Peru. These are the universal measures — applied to every country without a country-specific arrangement — that set its treatment.
2026-04-06
Section 232 metals coverage expanded
In effectThe April 2026 proclamation strengthening Section 232 actions on aluminum, steel, and copper expanded derivative-product coverage for all countries, keeping the general metals rate at 50%.
91 FR 18201 →2026-02-24
IEEPA reciprocal tariffs terminated — replaced by 10% Section 122 surcharge
In effectExecutive Order 14389 (Ending Certain Tariff Actions) terminated the IEEPA tariff duties — including the EO 14257 reciprocal baseline — effective February 24, 2026. A flat 10% Section 122 temporary import surcharge (Proclamation 11012 of February 20, 2026) replaced them, leaving the universal rate unchanged at 10% on a different statutory basis. Section 122 caps such surcharges at 150 days, so this 10% surcharge is scheduled to lapse on or about July 23, 2026 absent further action (the administration has signaled it could raise the rate toward the 15% statutory maximum).
91 FR 9437 →2025-11-13
Agricultural products exempted from reciprocal tariffs
In effectExecutive Order 14360 of November 14, 2025 removed reciprocal duties from certain agricultural products listed in its annexes (coffee, cocoa, bananas, and other goods the U.S. does not produce in sufficient quantity), retroactive to November 13, 2025 — for all countries subject to the reciprocal tariff.
90 FR 54091 →2025-06-04
Section 232 steel and aluminum duties doubled to 50%
In effectThe June 3, 2025 proclamation raised Section 232 duties on steel and aluminum articles and derivatives from 25% to 50% for all countries, effective June 4, 2025.
90 FR 24199 →2025-04-05
Universal 10% reciprocal baseline takes effect
In effectExecutive Order 14257 (signed April 2, 2025) imposed a 10% ad valorem reciprocal duty on imports from all trading partners, effective April 5, 2025. Countries without a higher Annex I rate remain at this baseline.
Federal Register · 2025-06063 →2025-03-12
Section 232 steel and aluminum duties set at 25% for all countries
In effectProclamations of February 10, 2025 terminated all country exemptions and quota arrangements and applied 25% Section 232 duties to steel and aluminum imports from every country, effective March 12, 2025.
90 FR 9817 →
Made for America
What Peru makes for America
Peru is a direct U.S. source of 12 essential goods Americans rely on — the items themselves, shipped finished off the line.
grocery
11% of U.S.Fresh produce staples
$3.3B to the U.S.
materials
1% of U.S.Clothing and apparel
$816M to the U.S.
food
5% of U.S.Coffee
$654M to the U.S.
food
4% of U.S.Canned and shelf-stable foods
$311M to the U.S.
food
1% of U.S.Seafood and fish
$209M to the U.S.
food
3% of U.S.Frozen foods
$184M to the U.S.
materials
1% of U.S.Jewelry
$183M to the U.S.
food
6% of U.S.Spices & seasonings
$118M to the U.S.
energy
1% of U.S.Home heating oil
$89M to the U.S.
materials
Copper and electrical wiring
$64M to the U.S.
food
1% of U.S.Soft drinks & juices
$63M to the U.S.
energy
Gasoline and diesel
$62M to the U.S.
Go deeper
The supply chain view
Peru sits upstream of 24 essential American goods through 12 tracked inputs.
mineral
100%Phosphate Rock (Fluorapatite Ore)
manufactured
65%Annatto Extract (Natural Food Color, Orange/Yellow)
agricultural
50%Hand-Knotted Rug Wool Yarn
agricultural
30%Menhaden Fish Meal and Fish Oil
agricultural
30%Fishmeal (Peruvian Anchoveta, High-Protein)
manufactured
23%Copper rod (8mm)
Reference
The country itself
South America · Geography, people, economy, and government — public-domain data from the CIA World Factbook.
Ancient Peru was the seat of several prominent Andean civilizations, most notably that of the Incas whose empire was captured by Spanish conquistadors in 1533. Peru declared its independence in 1821, and remaining Spanish forces were defeated in 1824. After a dozen years of military rule, Peru returned to democratic leadership in 1980 but experienced economic problems and the growth of a violent insurgency. President Alberto FUJIMORI's election in 1990 ushered in a decade that saw a dramatic turnaround in the economy and significant progress in curtailing guerrilla activity. Nevertheless, an economic slump and the president's increasing reliance on authoritarian measures in the late 1990s generated mounting dissatisfaction with his regime, which led to his resignation in 2000. A caretaker government oversaw a new election in 2001 that installed Alejandro TOLEDO Manrique as the new head of government - Peru's first democratically elected president of indigenous ethnicity. The presidential election of 2006 saw the return of Alan GARCIA Perez who, after a disappointing presidential term from 1985 to 1990, presided over a robust economic rebound. Former army officer Ollanta HUMALA Tasso was elected president in 2011 and carried on the market-oriented economic policies of the three preceding administrations. Pedro Pablo KUCZYNSKI Godard won a very narrow runoff in the 2016 presidential election. Facing impeachment after evidence surfaced of his involvement in a vote-buying scandal, KUCZYNSKI offered his resignation in 2018, and First Vice President Martin Alberto VIZCARRA Cornejo was sworn in as president. In 2019, VIZCARRA invoked his constitutional authority to dissolve Peru's Congress after months of battling with the body over anticorruption reforms. New congressional elections in 2020 resulted in an opposition-led legislature. The Congress impeached VIZCARRA for a second time and removed him from office after accusations of corruption and mishandling of the COVID-19 pandemic. Because of vacancies in the vice-presidential positions, the President of the Peruvian Congress, Manuel MERINO, became the next president. His ascension to office was not well received, and large protests forced his resignation later in 2020. Francisco SAGASTI assumed the position of President of Peru after being appointed President of the Congress the previous day. Jose Pedro CASTILLO Terrones won presidential election in 2021 but was impeached and ousted the following year; his vice president, Dina BOLUARTE, assumed the presidency by constitutional succession in 2022.

Geography
- Location
- Western South America, bordering the South Pacific Ocean, between Chile and Ecuador
- Area
- 1,285,216 sq km
- Climate
- varies from tropical in east to dry desert in west; temperate to frigid in Andes
- Terrain
- western coastal plain (costa), high and rugged Andes in center (sierra), eastern lowland jungle of Amazon Basin (selva)
- Natural resources
- copper, silver, gold, petroleum, timber, fish, iron ore, coal, phosphate, potash, hydropower, natural gas
- Coastline
- 2,414 km
- Natural hazards
- earthquakes, tsunamis, flooding, landslides, mild volcanic activity volcanism: volcanic activity in the Andes Mountains; Ubinas (5,672 m) is the country's most active volcano; other historically active volcanoes include El Misti, Huaynaputina, Sabancaya, and Yucamane; see note 2 under "Geography - note"
People & society
- Population
- 32,768,614 (2025 est.)
- Nationality
- Peruvian(s)
- Ethnic groups
- Mestizo (mixed Indigenous and White) 60.2%, Indigenous 25.8%, White 5.9%, African descent 3.6%, other (includes Chinese and Japanese descent) 1.2%, unspecified 3.3% (2017 est.)
- Languages
- Spanish (official) 82.9%, Quechua (official) 13.6%, Aymara (official) 1.6%, Ashaninka 0.3%, other native languages (includes many minor Amazonian languages) 0.8%, other 0.2%, none 0.1%, unspecified 0.7% (2017 est.)
- Religions
- Catholic 76%, Evangelical Christian 15.7%, no religion 5.1%, other religions 3.2% (2017 est.)
- Median age
- 30.4 years (2025 est.)
- Life expectancy at birth
- 68.9 years (2024 est.)
- Literacy
- 93.7% (2024 est.)
Economy
- Economic overview
- upper-middle-income South American economy; strong post-COVID rebound tempered by political uncertainty and climate risks; exports driven by mineral extraction and agriculture; large informal sector and uneven access to public services; stable fiscal position and financial sector
- Industries
- mining and refining of minerals; steel, metal fabrication; petroleum extraction and refining, natural gas and natural gas liquefaction; fishing and fish processing, cement, glass, textiles, clothing, food processing, beer, soft drinks, rubber, machinery, electrical machinery, chemicals, furniture
- Agricultural products
- sugarcane, potatoes, rice, bananas, milk, maize, chicken, oil palm fruit, cassava, grapes (2023)
- Exports - partners
- China 34%, USA 14%, Canada 5%, India 4%, Switzerland 4% (2023)
- Imports - partners
- China 26%, USA 21%, Brazil 7%, Argentina 5%, Mexico 3% (2023)
Government
- Government type
- presidential republic
- Capital
- Lima
- Independence
- 28 July 1821 (from Spain)
- Constitution
- several previous; latest promulgated 29 December 1993, enacted 31 December 1993
- Executive branch
- President José Enrique JERí Oré (since 10 October 2025)
- Legislative branch
- Congress of the Republic (Congreso de la República)
Full reference data
Every field, by section — CIA World Factbook. Open a topic to expand it.
Introduction
Travel Facts
Please visit the following links to find further information about your desired destination.
World Health Organization (WHO) - To learn what vaccines and health precautions to take while visiting your destination.
US State Dept Travel Information - Overall information about foreign travel for US citizens.
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Page last updated: Tuesday, September 12, 2023