Exports in Peru
Peru - Exports
Exports rebound in December
Peru’s trade balance recorded a USD 1.2 billion surplus in December, larger than November’s USD 718 million surplus and matching the USD 1.2 million surplus recorded in the same month last year.
Exports rebounded 6.6% year-on-year in December (November: -4.8% year-on-year), boosted by rising foreign sales of mining and agricultural products, only partially offset by falling exports of oil and natural gas. Meanwhile, imports also bounced back and grew 8.5% annually in December, contrasting November’s 5.2% fall, on the back of a jump in purchases of consumer and capital goods imports.
In the 12 months leading up to December, the trade surplus was USD 6.6 billion, matching November’s print.
Panelists participating in the LatinFocus Consensus Forecast see exports rising 5.2% in 2020 and the trade balance recording a surplus of USD 5.6 billion. For 2021, the panel sees overseas sales expanding 6.3% and forecasts a trade surplus of USD 5.8 billion.
Peru - Exports Data
|Exports (USD billion)||39.5||34.4||37.1||45.4||49.1|
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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February 24, 2020
Economic growth slumped to 1.8% year-on-year (yoy) in the fourth quarter (Q3: +3.2% yoy), weighed on by cooling domestic demand.
February 17, 2020
In December, economic activity grew a puny 1.1% year-on-year, decelerating markedly from November’s already unremarkable 1.9% outturn and surprising market expectations on the downside.
February 13, 2020
At its monetary policy meeting on 13 February, the Central Bank of Peru (BCRP) held the policy interest rate steady at 2.25%, the lowest point since July 2010.
February 7, 2020
The business confidence indicator rose from December’s 51.0 points to 53.0 points in January.
February 7, 2020
Consumer prices in Metropolitan Lima rose 0.05% over the previous month in January, down from December’s 0.21% increase.