Peru's trade surplus decreased to USD 669 million in November 2019 from USD 739 million in the same month of the previous year. Exports fell 6.4 percent to USD 3,904 million, as sales decreased for traditional products (-11.1 percent) whereas those non-traditional products went up (7.6 percent). Meantime, imports declined 5.7 percent to USD 3,235 million, amid lower purchases of consumer goods (-8.8 percent) and intermediate goods (-9.1 percent) while those of consumption goods rose (1.9 percent). Balance of Trade in Peru averaged 99.22 USD Million from 1957 until 2019, 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. source: Central Reserve Bank of Peru
Balance of Trade in Peru is expected to be 1150.00 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 1130.00 in 12 months time. In the long-term, the Peru Balance of Trade is projected to trend around 1090.00 USD Million in 2020, according to our econometric models.