Peru Trade June 2017

Peru

Peru: Trade surplus continues to soar in June

August 3, 2017

Peru’s trade balance recorded a USD 582 million surplus in June, far exceeding May’s USD 320 million surplus and a rebound from the USD 185 million trade deficit recorded in the same month of last year.

Exports rose an impressive 35.0% year-on-year in June, up from the 23.1% rise in May. Higher sales of traditional products-notably copper, fish meal, zinc, petroleum derivatives and natural gas-drove the positive result. An expansion in non-traditional exports also made a contribution, primarily led by agricultural shipments. Meanwhile, annual growth in imports slowed to 6.5%, down by more than half from May’s 15.6% increase.

In the 12 months up to June, the trade surplus was USD 4.8 billion, exceeding May’s USD 4.0 billion.

Panelists participating in the LatinFocus Consensus Forecast see exports growing 12.0% in 2017 and the trade balance recording a surplus of USD 4.1 billion. For 2018, the panel sees overseas sales expanding 4.9% and forecasts a trade surplus of USD 3.8 billion.


Author:, Economist

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Peru Trade Chart


Peru Trade12m June 2017

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)


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