Peru: Merchandise exports grow at a more moderate pace in March
Merchandise exports jumped 24.1% over the same month last year in March (February: +28.5% year-on-year). Meanwhile, merchandise imports climbed 17.0% in annual terms in March (February: +14.4% yoy).
As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 1.1 billion surplus in March (February 2022: USD 1.7 billion surplus; March 2021: USD 0.6 billion surplus). Lastly, the trend pointed up, with the 12-month trailing merchandise trade balance recording a USD 15.9 billion surplus in March, compared to the USD 15.5 billion surplus in February.