Peru: Merchandise exports decline in November
Merchandise exports dived 21.4% year-on-year in November, following Octobers 9.2% fall. Novembers result marked the worst fall since June 2020. Meanwhile, merchandise imports shot up 10.7% on an annual basis in November (October: +12.2% yoy), marking the weakest result since May 2022.
As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 0.3 billion surplus in November (October 2022: USD 0.4 billion surplus; November 2021: USD 2.1 billion surplus). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 9.6 billion surplus in November, compared to the USD 11.4 billion surplus in October.