Imports to Peru fell 2.6 percent year-on-year to USD 3.56 billion in May 2019, 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. Imports in Peru averaged 798.28 USD Million from 1957 until 2019, reaching an all time high of 4012.50 USD Million in October of 2018 and a record low of 16.30 USD Million in May of 1959.
Imports in Peru is expected to be 3500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Peru to stand at 3500.00 in 12 months time. In the long-term, the Peru Imports is projected to trend around 3670.00 USD Million in 2020, according to our econometric models.