Trade Balance in Peru
Peru - Trade Balance
Trade balance swings to surplus in November, as both exports and imports contract
Peru’s trade balance recorded a USD 586 million surplus in November, swinging into positive territory from October’s revised USD 74 million deficit (previously reported: USD 155 million deficit) and slightly lower than the USD 646 million surplus recorded in the same month of last year. The reading represents the best result in five months.
Exports declined 4.2% year-on-year in November, following October’s 0.7% fall. November’s drop was due to marked declines in exports of gold, copper, zinc and oil-based fuels. Exports to both China and the U.S. declined markedly, along with sales to South Korea. This was partially offset by significant expansions in the overseas sales of fishing, farm and textile products. Meanwhile, imports dipped 3.2% annually in November, on shrinking purchases of consumption and capital goods, contrasting October’s 11.5% growth.
In the 12 months leading up to November, the trade surplus was USD 6.8 billion, below October’s USD 6.9 billion and the lowest reading in 9 months.
Peru Trade Balance Forecast
Panelists participating in the LatinFocus Consensus Forecast see exports growing 5.1% in 2019 and the trade balance recording a surplus of USD 5.0 billion. For 2020, the panel sees overseas sales expanding 4.8% and a trade surplus of USD 4.5 billion.
Peru - Trade Balance Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | 0.5 | -1.5 | -2.9 | 1.9 | 6.2 |
Peru Trade Balance Chart
Source: Peru Central Bank and FocusEconomics calculations.
Peru Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 5.43 | -0.60 % | Oct 15 |
| Exchange Rate | 3.33 | -0.06 % | Jan 16 |
| Stock Market | 19,582 | -0.23 % | Jan 16 |
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Economic News
Peru: Economic activity soars in November
January 15, 2019
Economic activity jumped 5.3% year-on-year in November, accelerating from October’s 4.2% increase and marking the strongest increase in six months.
Peru: Business confidence moves further into optimistic territory in December
January 11, 2019
The business confidence indicator rose to 58.0 in December from November’s 55.5, and thus moved further above the 50-point threshold that separates optimism from pessimism. A broad-based improvement in sub-indexes drove the increase in business sentiment.
Peru: Trade balance swings to surplus in November, as both exports and imports contract
January 11, 2019
Peru’s trade balance recorded a USD 586 million surplus in November, swinging into positive territory from October’s revised USD 74 million deficit (previously reported: USD 155 million deficit) and slightly lower than the USD 646 million surplus recorded in the same month of last year.
Peru: Central Bank stands pat at first meeting in 2019
January 11, 2019
At its monetary policy meeting on 10 January, the Central Bank of Peru (BCRP) kept the policy interest rate unchanged at an eight-year low of 2.75%, matching market expectations.
Peru: Consumer confidence at over one-year high in December
January 10, 2019
The consumer confidence indicator published by GfK jumped from 94 in November to 99 in December, marking the best result since October 2017.
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