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.