Peru Trade Balance June 2020


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.

Panelists participating in the LatinFocus Consensus Forecast project that exports will fall 17.2% in 2020 and imports will drop 16.8%, bringing the trade surplus to USD 5.3 billion. For 2021, FocusEconomics panelists expect exports to expand 14.5%, while imports are projected to rise 13.1%, bringing the trade surplus up to USD 6.5 billion.

Author:, Economist

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Peru Trade Balance Chart

Peru Trade12m June 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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