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.

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Peru Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
669.50 416.00 1290.20 -676.30 1957 - 2019 USD Million Monthly



Calendar GMT Actual Previous Consensus TEForecast
2019-10-04 01:30 PM Aug $99M $538M $260M
2019-11-08 08:30 AM Sep $462M $140M $85M
2019-12-05 11:25 PM Oct $403M $484M $210M
2020-01-10 12:00 AM Nov $669M $416M $500M
2020-02-07 11:00 PM Dec $669M $1150M


News Stream
2019-12-05
Peru Trade Balance Swings to Surplus in October
Peru's trade balance shifted to a USD 403 million surplus in October 2019 from a USD 23 million deficit in the same month of the previous year. Exports rose 3.1 percent over a year earlier to USD 4.11 billion, boosted by higher sales of both traditional products (4.2 percent) and non-traditional (1.1 percent). Imports fell 7.6 percent to USD 3.71 billion, mainly due to lower purchases of supply goods (-14.7 percent) and other goods (-18.2 percent), while imports of capital (0.2 percent) and consumption (0.1 percent) increased. Considering the first ten months of the year, the country recorded a USD 4128 million trade surplus.

2019-11-08
Peru Trade Surplus Narrows in September
Peru's trade surplus narrowed to USD 462 million in September 2019 from USD 514 million in the same month of the previous year. Exports dropped 1.4 percent over a year earlier to USD 3.83 million, mainly due to lower sales of traditional products (-5.7 percent) while sales of non-traditional products rose (10.1 percent). Imports fell at a slower 0.1 percent to USD 3.37 million, as purchases of supply goods declined (-9 percent). Considering the first nine months of the year, the country recorded a USD 34.4 million trade surplus, compared to a USD 36.6 million surplus a year ago.

2019-10-04
Peru Posts Smallest Trade Surplus in Nearly 3 Years
Peru's trade surplus narrowed to USD 99.2 million in August 2019 from USD 210.1 million in the corresponding month of the previous year. It was the smallest trade surplus since September 2016, as exports dropped 8.1 percent over a year earlier to USD 3.73 billion mostly due to lower sales of traditional (-8.4 percent) and non-traditional products (-7.4 percent). Meantime, imports fell 5.7 percent to USD 3.63 billion, due to lower purchases of supply goods (-16.2 percent) and other products (-24.1 percent).

2019-09-06
Peru Trade Surplus Narrows in July
Peru's trade surplus narrowed to USD 456 million in July 2019 from USD 556 million in the same month of the previous year. Exports declined 2.7 percent to USD 3.99 billion, despite a 13.0 percent jump of non-traditional exports; in contrast, traditional exports declined 8.0 percent, as oil & gas plummeted 31.6 percent and seafood 25.8 percent. Meantime, imports edged down 0.2 percent to USD 3.53 billion, mainly dragged by a 6.9 percent drop in supply goods. In contrast, purchases of capital goods climbed 9.3 percent.

2019-08-08
Peru Trade Balance Narrows in June
Peru's trade surplus narrowed to USD 802 million in June 2019 from USD 1169 million in the same month of the previous year. Exports declined 12.2 percent to USD 3.99 billion, as traditional exports declined 16.4 percent; in contrast, non-traditional exports edged up 0.6 percent. Meantime, imports fell 5.5 percent to USD 3.18 billion, mainly dragged by a 13.4 percent drop in supply goods. In contrast, purchases of capital goods climbed 4.1 percent.

2019-07-05
Peru Posts Smallest Trade Surplus in Over 3 Years
Peru's trade surplus narrowed sharply to USD 29 million May 2019 from USD 580 million in the same month of the previous year. It was the smallest trade surplus since March 2016, as exports tumbled 15.5 percent year-on-year to USD 3.59 billion, mainly due to lower sales of crude oil and natural gas (-36.8 percent); mining products (-10.2 percent); fishing (-34.9 percent); agricultural (-9.8 percent); textiles (-0.8 percent); wood & paper (-10 percent); and metallurgy and jewellery (-6.2 percent). Imports fell at a softer 2.9 percent to USD 3.56 billion, mostly due to lower purchases of consumption goods (-3.2 percent), led by durable (-13.8 percent); and other imports (-20.8 percent). Also, raw materials and intermediate goods declined (-10.0 percent), of which raw material (-8.1 percent) and fuels & lubricants (-19.6 percent). Meanwhile, purchases of capital goods increased by 10.4 percent.


Peru Balance of Trade
In 2017, Peru recorded a trade surplus for the second consecutive year, mostly due to a rise in shipments of minerals like copper, gold, zinc, lead, iron and silver. Peru’s main imports are: raw materials for industry, capital goods for industry and fuels. Main trading partners are: China (34 percent of total exports and 22 percent of total imports) and United States (11 percent of exports and 20 percent of imports). Others include: Brazil, Switzerland, Mexico, South Korea and India.

Peru Trade Last Previous Highest Lowest Unit
Balance of Trade 669.50 416.00 1290.20 -676.30 USD Million [+]
Current Account -1163.31 -886.09 1347.00 -3165.63 USD Million [+]
Current Account to GDP -1.50 -1.20 3.31 -9.50 percent [+]
Imports 3234.80 3709.20 4012.50 16.30 USD Million [+]
Exports 3904.20 4125.30 4584.40 16.60 USD Million [+]
External Debt 81999.00 82479.00 82479.00 9121.00 USD Million [+]
Terms of Trade 94.09 94.52 116.20 51.38 points [+]
Remittances 839.17 844.72 844.72 21.75 USD Million [+]
Tourist Arrivals 4419430.00 4032339.00 4419430.00 216534.00 [+]
Gold Reserves 34.68 34.68 34.70 34.21 Tonnes [+]
Terrorism Index 2.84 2.95 3.93 2.54 [+]
Foreign Direct Investment 1169.42 2185.32 5304.41 -2357.33 USD Million [+]
Crude Oil Production 56.00 44.00 140.00 34.66 BBL/D/1K [+]