Peru Trade Balance September 2021

Peru

Peru: Merchandise exports grow for 13th consecutive month in September

November 4, 2021

Merchandise exports increased 31.5% annually in September, decelerating from August’s 45.0% rise. While September’s reading marked a seven-month low, it was still the 13th consecutive month of rising exports, and was driven by strong growth in exports of commodities. Meanwhile, merchandise imports rose 40.5% over the same month last year in September (August: +49.5% yoy).

As a result, the merchandise trade balance improved from the previous month, recording a USD 1.6 billion surplus in September (August 2021: USD 1.1 billion surplus; September 2020: USD 1.4 billion surplus). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 13.4 billion surplus in September, compared to the USD 13.2 billion surplus clocked in August.

Panelists participating in the LatinFocus Consensus Forecast project that exports will surge 28.1% in 2021 and imports will rocket 24.9%, bringing the trade surplus to USD 11.6 billion. For 2022, FocusEconomics panelists expect exports to expand 3.9%, while imports are projected to rise 4.7%, bringing the trade surplus to USD 11.7 billion.


Author:, Economist

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Peru Trade Balance Chart


Peru Trade12m September 2021 0

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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