Peru: Merchandise exports growth increases in November, trade balance widens
Merchandise exports jumped 43.1% on an annual basis in November, rising from October’s 21.8% increase. As such, November’s reading marked a three-month high and was the 15th consecutive month of rising exports. Meanwhile, merchandise imports rose 25.2% on an annual basis in November (October: +32.0% yoy), marking the mildest growth since February 2021.
As a result, the merchandise trade balance improved from the previous month, recording a USD 2.0 billion surplus in November (October 2021: USD 1.4 billion surplus; November 2020: USD 1.0 billion surplus). Lastly, the trend pointed up, with the 12-month trailing merchandise trade balance recording a USD 14.4 billion surplus in November, compared to the USD 13.3 billion surplus in October.