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.
Author: Nicolás J. Aguilar, Economist