Macchu Picchu Peru

Peru Trade March 2023

Peru: Merchandise exports increase in March

Merchandise exports rose 2.5% year-on-year in March (February: -18.0% year-on-year). March’s outturn marked the strongest result since August 2022. Meanwhile, merchandise imports contracted 7.0% in annual terms in March (February: -4.4% yoy).

As a result, the merchandise trade balance improved from the previous month, recording a USD 1.4 billion surplus in March (February 2023: USD 0.9 billion surplus; March 2022: USD 1.0 billion surplus). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 9.9 billion surplus in March, compared to the USD 9.5 billion surplus in February.

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