Peru Trade May 2017

Peru

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.

Panelists participating in the LatinFocus Consensus Forecast see exports growing 11.4% in 2017 and the trade balance recording a surplus of USD 3.9 billion. For 2018, the panel sees overseas sales expanding 5.0% and forecasts a trade surplus of USD 3.67 billion.


Author:, Economist

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Peru Trade Chart


Peru Trade12m May 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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