Imports in Peru

Peru Imports | Economic News & Forecasts

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

2013  2014  2015  2016  2017  
Imports (USD billion)42.4  41.0  37.3  35.1  38.7  

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Peru Facts

Bond Yield5.43-0.60 %Oct 15
Exchange Rate3.33-0.06 %May 13
Stock Market19,958-0.23 %May 13

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