Peru: Merchandise exports gain steam in August
Merchandise exports increased 45.0% annually in August, rising from July’s 33.3% rise. August’s reading marked the 12th consecutive month of rising exports, although once again the reading was in part influenced by a low base effect. Meanwhile, merchandise imports soared 49.4% over the same month last year in August (July: +47.7% yoy).
As a result, the merchandise trade balance improved from the previous month, recording a USD 1.1 billion surplus in August (July 2021: USD 0.9 billion surplus; August 2020: USD 0.9 billion surplus). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 12.8 billion surplus in August, compared to the USD 12.5 billion surplus in July.