Peru Trade June 2019

Peru

Peru: Trade surplus at six-month high in June

August 8, 2019

Peru’s trade balance recorded a USD 802 million surplus in June (May: USD 79 million surplus), the highest print in six months, although came below the USD 1,170 million surplus recorded in the same month last year.

Exports fell 12.2% year-on-year in June, due to both lower prices and quantities, following May’s stronger 14.4% drop. Lower foreign sales of oil and a plunge in sales of fishing products abroad were behind the negative result. Meanwhile, imports contracted 5.6% annually in June, down from April’s 3.0% fall, dragged down by lower purchases intermediate and consumer goods.

In the 12 months leading up to June, the trade surplus was USD 5.6 billion, below May’s USD 6.0 billion surplus and the lowest reading since August 2017.

Panelists participating in the LatinFocus Consensus Forecast see exports growing 5.1% in 2019 and the trade balance recording a surplus of USD 5.0 billion. For 2020, the panel sees overseas sales expanding 4.8% and a trade surplus of USD 4.5 billion.


Author:, Economist

Sample Report

Looking for forecasts related to Trade in Peru? Download a sample report now.

Download

Peru Trade Chart


Peru Trade12m May 2019 1

Note: 12 month sum of trade balance in USD billion and annual variation of the 12-month sum of exports and imports in %.
Source: Peru Central Bank (BCRP)


Peru Economic News

More news

Search form