Peru Trade Balance February 2021

Peru

Peru: Merchandise exports accelerate in February

April 8, 2021

Merchandise exports soared 17.9% year-on-year in February (January: +14.1% year-on-year). February’s result marked the strongest expansion since July 2018. Meanwhile, merchandise imports climbed 15.9% over the same month last year in February (January: -9.4% yoy), marking the best result since April 2018.

As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 0.7 billion surplus in February (January 2021: USD 1.2 billion surplus; February 2020: USD 0.6 billion surplus). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 8.8 billion surplus in February, compared to the USD 8.6 billion surplus in January.

Panelists participating in the LatinFocus Consensus Forecast project that exports will surge 13.6% in 2021 and imports will rocket 12.7%, bringing the trade surplus to USD 9.1 billion. For 2022, FocusEconomics panelists expect exports to expand 6.1%, while imports are projected to rise 7.2%, bringing the trade surplus to USD 9.2 billion.


Author:, Economist

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Peru Trade Balance Chart


Peru Trade12m February 2021

Note: 12-month sum of trade balance in USD billion and annual variation of the 12-month sum of exports and imports in %.
Source: Peru Central Bank (BCRP).


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