Macchu Picchu Peru

Peru Merchandise Imports (USD bn)

Merchandise exports contract at a more pronounced pace in January

Merchandise exports dived 14.5% on an annual basis in January (December: -5.1% year-on-year). Meanwhile, merchandise imports plunged 14.8% over the same month last year in January (December: +3.5% yoy), marking the weakest reading since August 2020.

As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 1.1 billion surplus in January (December 2023: USD 1.5 billion surplus; January 2022: USD 1.2 billion surplus). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 9.4 billion surplus in January, compared to the USD 9.6 billion surplus in December.

Peru Merchandise Imports (USD bn) Data

2017 2018 2019 2020 2021
Merchandise Imports (USD bn) 39 42 41 35 48

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