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.