Peru: Merchandise exports fall at a more pronounced rate in February
Merchandise exports sank 18.0% on an annual basis in February, on the heels of January’s 14.5% plunge. Meanwhile, merchandise imports decreased 4.0% over the same month last year in February (January: -14.8% yoy).
As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 0.9 billion surplus in February (January 2023: USD 1.1 billion surplus; February 2022: USD 1.7 billion surplus). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 8.5 billion surplus in February, compared to the USD 9.4 billion surplus in January.