Peru Trade December 2019

Peru

Peru: Exports rebound in December

February 7, 2020

Peru’s trade balance recorded a USD 1.2 billion surplus in December, larger than November’s USD 718 million surplus and matching the USD 1.2 million surplus recorded in the same month last year.

Exports rebounded 6.6% year-on-year in December (November: -4.8% year-on-year), boosted by rising foreign sales of mining and agricultural products, only partially offset by falling exports of oil and natural gas. Meanwhile, imports also bounced back and grew 8.5% annually in December, contrasting November’s 5.2% fall, on the back of a jump in purchases of consumer and capital goods imports.

In the 12 months leading up to December, the trade surplus was USD 6.6 billion, matching November’s print.

Panelists participating in the LatinFocus Consensus Forecast see exports rising 5.2% in 2020 and the trade balance recording a surplus of USD 5.6 billion. For 2021, the panel sees overseas sales expanding 6.3% and forecasts a trade surplus of USD 5.8 billion.


Author: Massimo Bassetti, Economist

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Peru Trade Chart


Peru Trade12m December 2019 0

Note: 12 month sum of trade balance in USD billion and annual variation of the 12-month sum of exports and imports in %.
Source: Peru Central Bank (BCRP)


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