Peru: Trade surplus narrows in October
December 11, 2017
Peru’s trade balance recorded a USD 346 million surplus in October, a substantial decrease from September’s USD 1 billion surplus but not too far from the USD 363 million surplus recorded in the same month of last year.
Growth in exports slowed considerably in October, decelerating to 8.2% year-on-year from September’s impressive 32.1% expansion. Growth came mainly on the back of a higher mining, metallurgical and chemical shipments. By contrast, agricultural and fishing exports continued to drop. Meanwhile, imports rose 9.7% annually in October, well above September’s 3.6% growth.
In the 12 months leading up to October, the trade surplus was USD 6.0 billion, marginally below September’s USD 6.1 billion.