Peru Trade May 2018

Peru

Peru: Trade surplus widens in May on a sizeable increase in commodity prices

July 6, 2018

Peru’s trade balance recorded a USD 459 million surplus in May, widening from April’s USD 398 million surplus as well as from the USD 363 million surplus recorded in the same month of last year.

Growth in exports remained robust in May, coming in at 16.4% year-on-year expansion from April’s strong 23.0% increase. Growth came mainly on the back of soaring overseas sales of copper, gold and natural gas as well as of petroleum products. Higher exports of fishery, agricultural, chemical and textile products also contributed to the expansion. Behind the positive result was an increase in the price of Peru’s exports, while volumes remained virtually unchanged. Meanwhile, imports rose 15.3% annually in May, on higher purchases of fuels, transport equipment and capital goods for the agriculture sector slightly below April’s 16.0% growth.

In the 12 months leading up to May, the trade surplus was USD 7.2 billion, above April’s USD 7.1 billion and the highest reading since July 2012.

Peru Trade Balance Forecast


Panelists participating in the LatinFocus Consensus Forecast see exports growing 5.7% in 2018 and the trade balance recording a surplus of USD 4.3 billion. For 2019, the panel sees overseas sales expanding 5.1% and forecasts a trade surplus of USD 4.1 billion.


Author: Massimo Bassetti, Economist

Sample Report

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

Download

Peru Trade Chart


Peru Trade12m May 2018

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: Central Bank keeps policy rate unchanged at its September meeting

    September 18, 2018

    At its 13 September monetary policy meeting, the Central Bank of Peru (BCRP) decided to keep the policy interest rate unchanged at an eight-year low of 2.75%, matching market expectations.

    Read more

  • Peru: Economic activity picks up in July

    September 17, 2018

    Economic activity expanded 2.3% year-on-year in July, above June’s 2.0% increase but still well below April’s annual growth rate of 7.8%, which was a five-year high.

    Read more

  • Peru: Business confidence slips in August

    September 10, 2018

    The business confidence indicator edged down to 58.5 in August from July’s 59.0, remaining comfortablyabove the 50-point threshold that separates optimism from pessimism. Driving the small decrease in business sentiment was a deterioration in expectations on the near-future, while expectations on the medium-term improved.

    Read more

  • Peru: Trade surplus widens in July on higher commodity prices

    September 6, 2018

    Peru’s trade balance recorded a USD 489 million surplus in July, down considerably from June’s USD 1,284 million surplus but more than double the USD 230 million surplus recorded in July 2017. Growth in exports remained strong in July, coming in at 17.3% year-on-year following June’s hefty 20.7% increase.

    Read more

  • Peru: Inflation drops in August

    September 3, 2018

    Consumer prices in Metropolitan Lima increased 0.13% month-on-month in August, below July’s 0.38% rise.

    Read more

More news

Search form