Imports to Peru dropped 7.3 percent year-on-year to USD 3.27 billion in March 2019, mainly due to lower purchases of consumption goods (-8.3 percent), of which non-durable (-3.8 percent) and durable (-14 percent); raw materials and intermediate goods (-7 percent), namely agriculture (-23 percent) and industry products (-1.2 percent); and capital goods (-6.9 percent). Imports in Peru averaged 790.96 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 3350.00 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.