Peru: Exports back in the red in November
Peru’s trade balance recorded a USD 669 million surplus in November, larger than October’s USD 416 million surplus but smaller than the USD 739 million deficit recorded in the same month last year.
Exports fell 6.4% year-on-year in November (October: +3.4% year-on-year), weighed down by plunging foreign sales of mining products and of oil and natural gas, only partially offset by surging exports of fishing products. Meanwhile, imports fell 5.7% annually in November, following October’s 7.6% plummet, as diving purchases of consumer and intermediate goods more than somewhat offset somewhat higher capital goods imports.
In the 12 months leading up to November, the trade surplus was USD 6.1 billion, matching October’s print.