Peru: Merchandise exports rise at a milder pace in May
Merchandise exports 0.4% over the same month last year in May, following April’s 0.5% rise. Meanwhile, merchandise imports decreased 6.9% on an annual basis in May (April: -23.5% yoy).
As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 0.9 billion surplus in May (April 2023: USD 1.5 billion surplus; May 2022: USD 0.6 billion surplus). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 11.6 billion surplus in May, compared to the USD 11.3 billion surplus in April.