Peru Trade Balance July 2020

Peru

Peru: Merchandise exports decrease at softer pace in July

September 3, 2020

Merchandise exports shrank 14.4% year-on-year in July, on the heels of June’s 30.7% plunge. July´s reading marked the softest contraction since February 2020.

Meanwhile, merchandise imports plunged 23.3% on an annual basis in July (June: -29.2% yoy). As a result, the merchandise trade balance improved, recording a USD 0.9 billion surplus in July (June: USD 0.6 billion surplus). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 5.1 billion surplus in July, compared to USD 4.9 billion surplus in June.

Panelists participating in the LatinFocus Consensus Forecast project that exports will fall 19.5% in 2020 and imports will drop 19.5%, bringing the trade surplus to USD 5.3 billion. For 2021, FocusEconomics panelists expect exports to expand 16.4%, while imports are projected to rise 15.3%, bringing the trade surplus up to USD 6.6 billion.


Author:, Economist

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Peru Trade Balance Chart


Peru Trade12m July 20 20

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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