Peru Trade November 2016


Peru: Trade surplus swells further in November

January 6, 2017

In November, the trade balance recorded a USD 278.6 million surplus, which was below the trade surplus of USD 335.1 million registered in October but a notable upswing from the USD 325.3 million deficit recorded in the same month of the previous year.

The Central Bank reported that exports had increased 13.4% annually in November (October: +14.3% year-on-year). Exports of traditional goods—which include metals, natural gas and coffee—recorded strong growth and were the main driver of the expansion in exports overall. Meanwhile, imports contracted 6.7% in November, which contrasted October’s 2.5% expansion.

In the 12 months up to November, the trade surplus was USD 0.8 billion, up from October’s USD 0.2 billion surplus. 2016 started with a record deficit of USD 3.2 billion in January, but strong growth in exports of traditional Peruvian goods lifted the trade balance to a surplus in October. In November, the 12-month sum of the trade recorded the second consecutive surplus after over two-and-a-half years of deficits.

Panelists participating in the LatinFocus Consensus Forecast see exports growing 8.9% in 2017 and the trade balance recording a surplus of USD 0.5 billion. For 2018, the panel sees overseas sales expanding 6.2%.

Author: Marlène Rump, Senior Data Analyst

Sample Report

Looking for forecasts related to Trade in Peru? Download a sample report now.


Peru Trade Chart

Peru Trade12m November 2016

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)

Peru Economic News

  • Peru: Economic activity growth picks up in February

    April 15, 2019

    Economic activity expanded 2.1% year-on-year in February, picking up some pace from January’s subdued 1.6% increase, which had marked the weakest reading in over one year.

    Read more

  • Peru: Central Bank stands pat at March meeting

    April 12, 2019

    At its monetary policy meeting on 11 April, the Central Bank of Peru (BCRP) kept the policy interest rate unchanged at an eight-year low of 2.75%, matching market expectations.

    Read more

  • Peru: Consumer confidence plummets in March

    April 6, 2019

    The consumer confidence indicator published by GfK tumbled to 94 in March from 104 in February, which had marked the best result in over two years.

    Read more

  • Peru: Trade surplus narrows further in February on dwindling exports

    April 5, 2019

    Peru’s trade balance recorded a USD 326 million surplus in February, narrowing from January’s USD 449 million surplus and also lower than the USD 552 million surplus recorded in the same month of last year. Exports declined 3.8% year-on-year in February, due to a drop in prices, following January’s sharper 4.1% fall.

    Read more

  • Peru: Businesses grow more optimistic in March

    April 5, 2019

    The business confidence indicator rose from February’s 58.5 to 59.6 in March, and thus moved further above the 50-point threshold that separates optimism from pessimism, where it has been for almost two years. March’s improvement came chiefly on the back of better prospects on the general economic situation, as well as on demand prospects.

    Read more

More news

Search form