Peru Trade March 2017


Peru: Trade surplus shrinks to six-month low in March

May 11, 2017

In March, the trade balance recorded a USD 76 million surplus, which was a strong decrease from the trade surplus of USD 702 million registered in February and the smallest surplus in six months. Nonetheless, the print represented a robust improvement from the USD 5.0 million surplus recorded in the same month last year.

Exports increased 15.5% annually in March, decelerating from February’s multi-year high of 44.2% growth. Shipments of traditional goods—which include metals, natural gas and fish-related products—continued to fuel export growth. Meanwhile, imports grew 13.0% in March, above February’s 9.8% rise and was the strongest rise since April 2013.

In the 12 months up to March, the trade surplus was USD 3.64 billion, a notch above February’s USD 3.57 billion.

Panelists participating in the LatinFocus Consensus Forecast see exports growing 8.3% in 2017 and the trade balance recording a surplus of USD 2.3 billion. For 2018, the panel sees overseas sales expanding 5.4% and a trade surplus of USD 2.5 billion.

Author: Marlène Rump, Senior Data Analyst

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Peru Trade Chart

Peru Trade12m March 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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