Peru: Merchandise exports increase at a softer rate in February
Merchandise exports climbed 1.6% annually in February, on the heels of January’s 9.5% increase. Meanwhile, merchandise imports declined 0.9% over the same month last year in February (January: +6.4% yoy).
As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 1.4 billion surplus in February (January 2024: USD 1.5 billion surplus; February 2023: USD 1.2 billion surplus). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 18.0 billion surplus in February, compared to the USD 17.9 billion surplus in January.