Peru: Merchandise exports drop at slower pace in June
July 10, 2020
Merchandise exports shrank 34.6% annually in June, amid weak global demand due to the economic fallout from the Covid-19 pandemic. However, the result was an improvement from May’s 46.6% nosedive.
Meanwhile, merchandise imports slid 29.4% on an annual basis in June (May: -38.2% yoy). As a result, the merchandise trade balance deteriorated, recording a USD 0.4 billion surplus in June (June 2019: USD 0.9 billion surplus). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 4.8 billion surplus in June, compared to USD 5.3 billion surplus in May.
Author: Stephen Vogado, Economist