Trade Balance in Peru
Peru - Trade Balance
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 - Trade Balance Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | -2.9 | 2.0 | 6.7 | 7.2 | 6.6 |
Peru Trade Balance Chart
Source: Peru Central Bank and FocusEconomics calculations.
Peru Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.0 | -0.60 % | Nov 08 |
| Exchange Rate | 3.31 | -0.06 % | Jan 01 |
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Economic News
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Peru: Economic activity growth loses pace in November
January 23, 2023
Economic activity grew 1.7% year on year in November (October: +2.0% yoy).
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Peru: New government formed and snap elections likely following Castillo’s attempted coup
January 17, 2023
Political instability is likely to persist following the formation of a new government. Further loosening of the fiscal purse strings is expected ahead of elections in 2024.
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Peru: Merchandise exports decline in November
January 13, 2023
Merchandise exports dived 21.4% year-on-year in November, following October’s 9.2% fall.
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Peru: Central Bank hikes again in December
January 12, 2023
At its 12 January meeting, the Central Bank of Peru raised its key policy interest rate by 25 basis points to 7.75%. The Bank continued to tighten the monetary policy stance in order to reduce elevated inflation and bring down inflation expectations, both of which remain well above the 1.0–3.0% target range.
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Peru: Inflation picks up in November
January 10, 2023
Inflation came in at 8.5% in December, up from November’s 8.4%.
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