Peru Trade April 2017


Peru: Trade surplus records ten-month low in April

June 8, 2017

Peru’s trade balance recorded a USD 66 million surplus in April, a strong decrease from the trade surplus of USD 122 million in March (previously reported: USD 76 million) and a ten-month low. However, the print is an improvement compared to the USD 57 million surplus recorded in the same month last year.

Exports increased 8.5% annually in April (March: +16.8% year-on-year), the slowest rate of expansion in eight months. Shipments of non-traditional goods—which include agriculture and livestock, chemicals, and jewelry, among other products—grew marginally year-on-year but the main driver of expansion is still traditional goods—which include metals, natural gas and fish-related products. Imports grew at a similar rate of 8.4% in annual terms, a slowdown from March’s 13.0% increase.

In the 12 months up to April, the trade surplus was USD 3.73 billion, slightly above March’s USD 3.72 billion (previously reported: USD 3.64 billion).

Panelists participating in the LatinFocus Consensus Forecast see exports growing 8.1% in 2017 and the trade balance recording a surplus of USD 3.5 billion. For 2018, the panel sees overseas sales expanding 5.6% and a trade surplus of USD 3.4 billion.

Author:, Economist

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Peru Trade Chart

Peru Trade12m April 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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