Exports in Peru
Peru - Exports
Merchandise exports fall at sharper pace in February
Peru’s trade balance recorded a USD 392 million surplus in February, larger than January’s USD 287 million surplus and the USD 317 million surplus recorded in the same month last year.
Merchandise exports fell 4.5% year-on-year in February (January: -1.6% year-on-year), weighed down by diving foreign sales of fishing, agricultural and oil and natural gas products, only partially offset by rising exports of textiles and mining products. Meanwhile, merchandise imports slumped 7.3% annually in February, contrasting January’s 3.6% growth, on the back of lower purchases of capital and intermediate goods.
In the 12 months leading up to February, the trade surplus was USD 6.5 billion, up from January’s USD 6.4 billion.
Panelists participating in the LatinFocus Consensus Forecast are still taking the latest economic developments into account.
Peru - Exports Data
|Exports (USD billion)||34.4||37.1||45.4||49.1||47.7|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||0.0||-0.60 %||Nov 08|
|Exchange Rate||3.31||-0.06 %||Jan 01|
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November 21, 2022
GDP growth waned to 1.7% year on year in the third quarter from 3.3% in the second quarter.
November 18, 2022
Economic activity grew 1.7% compared to the same month of the previous year in September, which was a deterioration from August's 1.7% increase.
November 15, 2022
Merchandise exports declined 4.6% on an annual basis in September, on the heels of August’s 0.2% drop.
November 11, 2022
At its 10 November meeting, the Central Bank of Peru raised its key policy interest rate by 25 basis points to 7.25%, bringing the cumulative increase for the year to 475 basis points. The Bank continued to hike rates in order to limit elevated inflation and bring down inflation expectations, both of which remain well above the 1.0–3.0% target range.
November 7, 2022
Inflation came in at 8.3% in October, down from September’s 8.5%.