Peru: Exports fall back at 2020 outset
Peru’s trade balance recorded a USD 283 million surplus in January, smaller than December’s USD 1.2 billion surplus and the USD 479 million surplus recorded in the same month last year.
Exports dipped 1.6% year-on-year in January (December: +6.6% year-on-year), weighed down by falling foreign sales of fishing, textiles and agricultural products, only partially offset by rising exports mining products. Meanwhile, imports grew 3.8% annually in January, down from December’s 8.5% jump, on the back of a jump in purchases of capital goods and higher imports of consumer goods.
In the 12 months leading up to January, the trade surplus was USD 6.4 billion, down from December’s USD 6.6 billion.