This article covers trade between India and Peru, the main goods traded, the negotiations on a trade agreement, business events and investment in both directions. Its source is the Ministry of External Affairs (MEA) brief on India-Peru relations, dated June 2026.

Trade figures

According to the MEA brief of June 2026, trade between India and Peru during the Financial Year 2025-26 was US$ 10.02bn. India's exports were worth US$ 1.15bn and imports from Peru US$ 8.87bn.

The brief states that Peru is among the top five trading partners of India in Latin America, and that India is the 3rd largest trading partner for Peru.

Main goods traded

India's main exports to Peru include:

  • automobiles, motorcycles and three-wheelers;
  • polyester and cotton yarns;
  • pharmaceuticals;
  • iron and steel products;
  • plastic products and rubber;
  • pipes for the oil and gas industry, tyres and other pipes.

The main imports from Peru are gold, copper, synthetic filaments, phosphates of calcium, fresh grapes and fish flour.

Towards a trade agreement

The brief records that since the early 2000s the relationship has acquired more economic and business content, leading to a Joint Study on Feasibility of a Trade Agreement. Free Trade Agreement negotiations are ongoing, with nine rounds and an online inter-sessional meeting held so far.

Trade missions and business interactions

Several trade missions and business delegations have visited Peru, representing sectors such as pharmaceuticals, leather, chemicals, engineering, apparel, cotton yarn, synthetic and rayon, handicrafts, plastic, food processing and automotive parts.

Virtual business interactions have also been held on opportunities for Indian companies. Sectors in focus included medical devices, pharmaceuticals, critical health technologies, agricultural machinery, customised vehicles, leather and footwear, electronic products, technological services, textile machinery, fisheries, the metal industry, services, education, healthcare and the entertainment industry, as well as trade and investment opportunities.

CII business conclaves

Peruvian trade ministers have attended the CII-LAC Business Conclaves held in India:

  • From 3-5 August 2023, Vice Minister of Foreign Trade and Tourism Ms. Teresa Mera Gomez visited Delhi for the 9th CII-LAC Business Conclave. She met the Commerce and Industries Minister of India, the Commerce Secretary and Secretary (ED), MEA.
  • From 18-21 March 2025, the Peruvian Minister of Foreign Trade and Tourism, Ms. Ursula Desilu León Chémpen, visited New Delhi for the 10th CII-India LAC Business Conclave.

Indian investment in Peru

The brief estimates present Indian investment in Peru at US $65 million. It names the following Indian businesses:

  • Core-Minerals-Archean has invested in the Anthracite coal mining sector in Peru and provides employment for more than 1000 Peruvians.
  • Copper plus holdings SAC acquired the local company Intertech Services SAC and proposes to explore copper mining in Cajamarca and gold mining in Paucartambo.
  • Tata Consultancy Services has a sizeable operation in Lima, is increasing its presence in Peru and provides over 1300 jobs locally.
  • Pharmaceutical companies: all major Indian pharmaceutical companies have representative offices or local subsidiaries in Peru.
  • Automobile firms: Bajaj Auto, TVS, Hero Motors and Mahindra & Mahindra have local dealerships.

Peruvian investment in India

  • AJE Peru opened a subsidiary in Maharashtra, AJE India Pvt. Ltd., to manufacture soft beverages. Operations started in December 2010, and the company has invested US $15 million so far and plans to increase this.
  • Resemin S.A.C., which specialises in mining machinery, opened a subsidiary in New Delhi named Reliant Drilling Ltd., following a major contract it won from Hindustan Zinc Ltd.
  • Mining services companies such as Opermin and AAC Mining Executors Ltd. have set up operations in India.
  • Vistony, a lubricants company, has set up a plant near Rewari (Haryana) and another plant in Delhi.