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.