Latest reading: In September, the trade balance was USD +2.8 billion, following a USD +3.7 billion reading in the prior...
Merchandise Trade Balance in Peru
The merchandise trade balance in Peru averaged USD 8.5 billion in the decade to 2024. The 2024 reading was USD 24.1 billion. For more information on trade, visit our dedicated page.
Peru Trade Chart
Note: This chart displays Trade Balance (USD billion) for Peru from 2014 to 2024.
Source: Macrobond.
Peru Trade Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (USD bn) | 8.1 | 15.1 | 10.3 | 17.1 | 24.1 |
Merchandise trade surplus narrows in July
Latest reading: In July, the trade balance was USD +2.1 billion, following a USD +2.5 billion reading in the prior month. Over the last 12 months, the trade balance summed to USD +26.4 billion. Exports were up 4.3% in annual terms in July, coming on the back of a 11.0% increase in the previous month. July’s rise was wholly due to higher mineral prices, as export volumes declined due to problems with copper shipments and lower oil sales. Imports increased 11.9% in year-on-year terms in July, coming on the back of a 13.0% increase in the previous month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Peruvian trade projections for the next ten years from a panel of 18 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable trade forecast available for Peruvian trade.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Peruvian trade projections.
Want to get access to the full dataset of Peruvian trade forecasts? Send an email to info@focus-economics.com.
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