Peru Trade July 2019

Peru

Peru: Trade surplus narrows in July

September 6, 2019

Peru’s trade balance recorded a USD 456 million surplus in July, smaller than June’s USD 815 million surplus and the USD 556 million surplus recorded in the same month last year.

Exports fell 2.7% year-on-year in July (June: -12.1 year-on-year), weighed down by lower foreign sales of fishing and mining products, and of oil and natural gas. Meanwhile, imports dipped 0.2% annually in July, a softer contraction than June’s 5.8% fall, dragged down by lower purchases of intermediate goods.



In the 12 months leading up to July, the trade surplus was USD 5.5 billion, below June’s USD 5.6 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: Massimo Bassetti, Economist

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Peru Trade12m July 2019 0

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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