Peru’s trade surplus increased to USD 899 million in July 2020 from USD 682.9 million in the same month of the previous year. It was the second straight month of surplus in trade balance and the largest since June last year, as exports fell less than imports, due to parts of the economy reopened after some containment measures were relaxed. Exports dropped 14.4 percent from a year earlier to USD 3612 million, due to lower sales of traditional goods (-13.9 percent) and non-traditional (-15.9 percent). Meantime, imports plunged 23.7 percent from a year earlier to USD 2713 million, mainly driven by lower purchases of capital goods (-26.9 percent), consumption (-8.9 percent), and intermediate goods (-44.4 percent).
Balance of Trade in Peru averaged 101.05 USD Million from 1957 until 2020, reaching an all time high of 1290.20 USD Million in December of 2011 and a record low of -676.30 USD Million in January of 2014. This page provides - Peru Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Peru Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Central Reserve Bank of Peru
Balance of Trade in Peru is expected to be 180.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Peru to stand at 850.00 in 12 months time. In the long-term, the Peru Balance of Trade is projected to trend around 1130.00 USD Million in 2021 and 1090.00 USD Million in 2022, according to our econometric models.