Peru: Exports rebound in October
Peru’s trade balance recorded a USD 403 million surplus in October, smaller than September’s USD 484 million surplus but wider than the USD 23 million deficit recorded in the same month last year.
Exports rebounded 3.1% year-on-year in October (September: -0.7% year-on-year), weighed down by surging foreign sales of fishing and mining products, only partially offset by diving exports of agricultural products and of oil and natural gas. Meanwhile, imports fell 7.6% annually in October, contrasting September’s 0.1% uptick, as decreasing purchases of intermediate goods more than somewhat offset higher capital and consumption goods imports.
In the 12 months leading up to October, the trade surplus was USD 6.1 billion, above September’s USD 5.6 billion surplus.