Peru: Trade surplus skyrockets in May
July 6, 2017
Peru’s trade balance recorded a USD 246 million surplus in May, far above the USD 66 million surplus recorded in April. The print is an improvement compared to the USD 90 million surplus recorded in the same month last year.
Exports increased 20.5% annually in May (April: +8.5% year-on-year). Shipments of non-traditional goods—which include agriculture and livestock, chemicals, and jewelry, among other products—grew strongly year-on-year but the main driver of expansion is still traditional goods—which include metals, natural gas and fish-related products. Imports also accelerated, rising 15.6% in annual terms, up from April’s 8.4% increase.
In the 12 months up to May, the trade surplus was USD 3.88 billion, slightly above April’s USD 3.72 billion.
Author: Christopher Mc Innes, Economist