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).
Author: Jan Lammersen, Economist