Trade Balance in Peru
Peru - Trade Balance
Exports rebound in December
Peru’s trade balance recorded a USD 1.2 billion surplus in December, larger than November’s USD 718 million surplus and matching the USD 1.2 million surplus recorded in the same month last year.
Exports rebounded 6.6% year-on-year in December (November: -4.8% year-on-year), boosted by rising foreign sales of mining and agricultural products, only partially offset by falling exports of oil and natural gas. Meanwhile, imports also bounced back and grew 8.5% annually in December, contrasting November’s 5.2% fall, on the back of a jump in purchases of consumer and capital goods imports.
In the 12 months leading up to December, the trade surplus was USD 6.6 billion, matching November’s print.
Panelists participating in the LatinFocus Consensus Forecast see exports rising 5.2% in 2020 and the trade balance recording a surplus of USD 5.6 billion. For 2021, the panel sees overseas sales expanding 6.3% and forecasts a trade surplus of USD 5.8 billion.
Peru - Trade Balance Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | -1.5 | -2.9 | 2.0 | 6.7 | 7.2 |
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 closes 2019 on a sour note
February 17, 2020
In December, economic activity grew a puny 1.1% year-on-year, decelerating markedly from November’s already unremarkable 1.9% outturn and surprising market expectations on the downside.
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Peru: Central Bank keeps rates at over nine-year low at February meeting
February 13, 2020
At its monetary policy meeting on 13 February, the Central Bank of Peru (BCRP) held the policy interest rate steady at 2.25%, the lowest point since July 2010.
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Peru: Business sentiment starts 2020 on a hopeful note
February 7, 2020
The business confidence indicator rose from December’s 51.0 points to 53.0 points in January.
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Peru: Inflation stable in January
February 7, 2020
Consumer prices in Metropolitan Lima rose 0.05% over the previous month in January, down from December’s 0.21% increase.
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Peru: Exports rebound in December
February 7, 2020
Peru’s trade balance recorded a USD 1.2 billion surplus in December, larger than November’s USD 718 million surplus and matching the USD 1.2 million surplus recorded in the same month last year. Exports rebounded 6.6% year-on-year in December (November: -4.8% year-on-year), boosted by rising foreign sales of mining and agricultural products, only partially offset by falling exports of oil and natural gas.
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