Imports in Peru
Peru - Imports (percent change)
Trade surplus at six-month low in April
Peru’s trade balance recorded a USD 259 million surplus in April, narrowing from March’s USD 471 million surplus as well as from the USD 311 million surplus recorded in the same month of last year.
Exports dipped 2.3% year-on-year in April, due to lower prices more than offsetting higher quantities, following March’s much sharper 11.7% plunge. Lower foreign sales of mining products, and oil and natural gas more than offset surging exports of fishing products. Tensions at Las Bambas mine continued to disrupt mining activity. Meanwhile, imports contracted 0.2% annually in April, a much softer decline than March’s 7.2% contraction, dragged down by lower purchases of consumer goods and transport equipment.
In the 12 months leading up to April, the trade surplus was USD 6.4 billion, below March’s USD 6.5 billion surplus and the weakest reading in one-and-a-half years.
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 (annual variation in %)||3.4||-3.3||-9.0||-5.9||11.3|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||5.43||-0.60 %||Oct 15|
|Exchange Rate||3.35||-0.06 %||Jun 14|
|Stock Market||20,296||-0.23 %||Jun 14|
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June 18, 2019
Economic activity remained unchanged year-on-year in April, pulling the hand brake from March’s 3.2% increase.
June 13, 2019
At its monetary policy meeting on 13 June, the Central Bank of Peru (BCRP) kept the policy interest rate unchanged at an eight-year low of 2.75%, matching market expectations.
June 7, 2019
The business confidence indicator declined from April’s 55.9 to 52.9 in May, but nevertheless remained above the 50-point threshold that separates optimism from pessimism, where it has been for over two years. May’s decline came on the back of worse assessments of current conditions, and of less rosy expectations on the economy as a whole and on the situation of the company.
June 7, 2019
Peru’s trade balance recorded a USD 259 million surplus in April, narrowing from March’s USD 471 million surplus as well as from the USD 311 million surplus recorded in the same month of last year. Exports dipped 2.3% year-on-year in April, due to lower prices more than offsetting higher quantities, following March’s much sharper 11.7% plunge.
June 3, 2019
Consumer prices in Metropolitan Lima rose 0.15% over the previous month in May, down from April’s 0.20% month-on-month rise.