Japan: Merchandise exports decelerate in June
Yen-denominated merchandise exports rose 5.4% in annual terms in June, down from May’s 13.5% rise. June’s result marked the weakest...
Merchandise Trade Balance in Peru
The merchandise trade balance in Peru averaged USD 5.2 billion in the decade to 2022. The 2022 reading was USD 10.3 billion. For more trade information, visit our dedicated page.
Peru Trade Chart
Note: This chart displays Trade Balance (USD billion) for Peru from 2014 to 2023.
Source: Macrobond.
Peru Trade Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (USD bn) | 6.9 | 8.1 | 15.1 | 10.2 | 17.7 |
Merchandise exports increase in May
Merchandise exports soared 16.8% year-on-year in May, on the heels of April’s 11.6% plunge. The outturn marked the strongest reading since June 2022, and was largely due to higher prices for key agricultural and mining exports, and an increased volume of gold output. Meanwhile, merchandise imports climbed 2.1% in annual terms in May (April: +12.1% yoy). As a result, the merchandise trade balance improved from the previous month, recording a USD 1.7 billion surplus in May (April 2024: USD 0.6 billion surplus; May 2023: USD 0.9 billion surplus). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 17.5 billion surplus in May, compared to the USD 16.7 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 23 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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