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Peru Trade April 2024

Peru: Merchandise exports decline in April

Merchandise exports plummeted 11.6% in annual terms in April (March: -10.1% year-on-year). April’s outturn marked the worst contraction since November 2022. Meanwhile, merchandise imports climbed 12.1% on an annual basis in April (March: -5.7% yoy), marking the strongest reading since September 2022.

As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 0.6 billion surplus in April (March 2024: USD 1.5 billion surplus; April 2023: USD 1.5 billion surplus). Lastly, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a USD 16.7 billion surplus in April, compared to the USD 17.9 billion surplus in March.

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