Imports in Peru
Peru - Imports
Trade surplus widens in March but strike at Las Bambas mine hampers exports
Peru’s trade balance recorded a USD 431 million surplus in March, widening from February’s USD 336 million surplus but lower than the USD 667 million surplus recorded in the same month of last year.
Exports dived 11.8% year-on-year in March, due to lower prices and quantities, following February’s much softer 3.6% fall. A plunge in foreign sales of mining products more than offset much higher exports of fishing products. Exports of copper plummeted as Las Bambas mine did not record shipments as the roadblock was maintained. Moreover, gold exports also fell notably mainly due to lower production at Buenaventura mine due to heavy rainfall. Meanwhile, imports contracted 7.3% annually in March, contrasting February’s 3.1% rise, dragged down by lower purchases of capital and consumer goods.
In the 12 months leading up to March, the trade surplus was USD 6.5 billion, below February’s USD 6.7 billion surplus and the weakest reading in over one year.
Panelists participating in the LatinFocus Consensus Forecast see exports growing 5.1% in 2019 and the trade balance recording a surplus of USD 5.0 billion. For 2020, the panel sees overseas sales expanding 4.8% and a trade surplus of USD 4.5 billion.
Peru - Imports Data
|Imports (USD billion)||42.4||41.0||37.3||35.1||38.7|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||5.43||-0.60 %||Oct 15|
|Exchange Rate||3.33||-0.06 %||May 13|
|Stock Market||19,958||-0.23 %||May 13|
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May 16, 2019
Economic activity expanded 3.2% year-on-year in March, picking up pace from February’s 2.1% increase.
May 11, 2019
Peru’s trade balance recorded a USD 431 million surplus in March, widening from February’s USD 336 million surplus but lower than the USD 667 million surplus recorded in the same month of last year. Exports dived 11.8% year-on-year in March, due to lower prices and quantities, following February’s much softer 3.6% fall.
May 9, 2019
At its monetary policy meeting on 9 May, the Central Bank of Peru (BCRP) kept the policy interest rate unchanged at an eight-year low of 2.75%, matching market expectations.
May 8, 2019
The business confidence indicator declined from March’s 59.6 to 55.9 in April, but nevertheless remained above the 50-point threshold that separates optimism from pessimism, where it has been for two years. April’s decline came on the back of a broad-based deterioration in the sub-components of the index.
May 8, 2019
Consumer prices in Metropolitan Lima rose 0.20% over the previous month in April, down notably from March’s 0.73% month-on-month rise, which had marked the fastest rise in two years.