Latest reading: Merchandise exports rose 7.2% annually in July, beating market expectations and following June’s 5.9% rise. Firms accelerating shipments...
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 exports drop in May
Latest reading: Merchandise exports contracted 1.5% on an annual basis in May, contrasting April’s 14.8% upturn. The outturn marked the first decline since April 2024, and was potentially linked to the temporary suspension of gold mining in the north of the country plus export front-loading to the U.S. running its course. Meanwhile, merchandise imports shot up 11.5% on an annual basis in May (April: +3.3% yoy). As a result, the merchandise trade balance improved from the previous month, recording a USD 1.4 billion surplus in May (April 2025: USD 1.4 billion surplus; May 2024: USD 1.9 billion surplus). Lastly, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a USD 26.2 billion surplus in May, compared to the USD 26.8 billion surplus in April.
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 19 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.
Latest Global Trade News
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China: Merchandise exports accelerate in July -
Taiwan: Merchandise exports gain steam in July Latest reading: Merchandise exports soared 42.0% annually in July, following June’s 33.7% upturn and well above market expectations. The outturn... -
Vietnam: Merchandise exports grow at a slower rate in July Latest reading: Merchandise exports growth rose 16.6% year on year in July, following June’s 17.4% increase, as front-loading activities continued... -
Korea: Merchandise exports accelerate in July Latest reading: Merchandise exports rose 5.9% on an annual basis in July, following June’s 4.3% increase. July’s figure marked the... -
Thailand: Merchandise exports increase at a softer rate in June Latest reading: Merchandise exports grew 16.0% over the same month last year in June (May: +18.5% year-on-year). Meanwhile, merchandise imports... -
Philippines: Merchandise exports growth hits over one-year high in June Latest reading: Merchandise exports jumped 26.1% in annual terms in June, following May’s 15.5% upturn. June’s figure marked the fastest... -
Mexico: Merchandise exports increase in June Latest reading: Merchandise exports shot up 10.6% over the same month last year in June (May: -0.5% year-on-year). June’s figure...