Peru: Merchandise exports surge in October
December 10, 2020
Merchandise exports jumped 8.3% annually in October, on the heels of September’s 5.5% rise. October’s reading marked the strongest increase since July 2018. Meanwhile, merchandise imports plunged 13.3% in annual terms in October (September: -12.3% yoy).
As a result, the merchandise trade balance improved from the previous month, recording a USD 1.3 billion surplus in October (September 2020: USD 1.2 billion surplus; October 2019: USD 0.4 billion surplus). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 7.4 billion surplus in October, compared to the USD 6.5 billion surplus in September.
Author: Stephen Vogado, Economist