Exports in Peru
Peru - Exports
Trade surplus widens in June, supported by higher commodity prices
Peru’s trade balance recorded a USD 1,164 million surplus in June, the highest print so far this year, widening from May’s USD 544 million surplus as well as from the USD 790 million surplus recorded in the same month of last year.
Growth in exports remained robust in June, coming in at 17.5% year-on-year following May’s strong 18.8% increase. Growth came mainly on the back of soaring overseas sales of copper, zinc and natural gas, as well as of petroleum products. Higher exports of fishery, metal-mechanical and textile products also contributed to the expansion. Behind the positive result was an increase in the price of Peru’s exports, while volumes remained virtually unchanged. Meanwhile, imports rose 9.8% annually in June, on higher purchases of fuels, and raw materials for the agriculture and industrial sectors. The figure for imports in June was well below May’s 15.3% growth.
In the 12 months leading up to June, the trade surplus was USD 7.9 billion, above May’s USD 7.6 billion and the highest reading since June 2012.
Peru Trade Balance Forecast
Panelists participating in the LatinFocus Consensus Forecast see exports growing 5.7% in 2018 and the trade balance recording a surplus of USD 4.3 billion. For 2019, the panel sees overseas forecasts expanding 5.1% and a trade surplus of USD 4.1 billion.
Peru - Exports Data
|Exports (USD billion)||42.9||39.5||34.4||37.0||44.9|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||5.13||-0.60 %||Aug 14|
|Exchange Rate||3.32||-0.06 %||Aug 15|
|Stock Market||19,533||-0.23 %||Aug 15|
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August 13, 2018
Peru’s trade balance recorded a USD 1,164 million surplus in June, the highest print so far this year, widening from May’s USD 544 million surplus as well as from the USD 790 million surplus recorded in the same month of last year. Growth in exports remained robust in June, coming in at 17.5% year-on-year following May’s strong 18.8% increase.
August 13, 2018
At its 9 August monetary policy meeting, the Central Bank of Peru (BCRP) decided to keep the policy interest rate unchanged at an eight-year low of 2.75%, matching market expectations.
August 3, 2018
The consumer confidence indicator published by GfK remained stable at May’s 90 in June.
August 3, 2018
The business confidence indicator ticked up to 59 in July from June’s 58, moving further above the 50-point threshold that separates optimism from pessimism. Driving the increase in business sentiment was an improvement in expectations on the near-future, while expectations on the medium-term remained unchanged.
August 2, 2018
Consumer prices in Metropolitan Lima increased 0.38% month-on-month in July, above June’s 0.33% rise.