Peru Trade Balance June 2022

Peru

Peru: Merchandise exports increase in June

August 22, 2022

Merchandise exports shot up 18.6% in annual terms in June (May: -0.8% year-on-year). Meanwhile, merchandise imports soared 28.6% in annual terms in June (May: +13.0% yoy), marking the strongest result since October 2021.

As a result, the merchandise trade balance improved from the previous month, recording a USD 0.8 billion surplus in June (May 2022: USD 0.4 billion surplus; June 2021: USD 1.0 billion surplus). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 15.2 billion surplus in June, compared to the USD 15.4 billion surplus in May.

LatinFocus Consensus Forecast panelists project merchandise exports to increase 6.6% in 2022, and merchandise imports to grow 7.4%, resulting in a USD 15.4 billion trade surplus. In 2023, our panel estimates merchandise exports and imports to grow 2.1% and 2.9% respectively, with a trade surplus of USD 15.4 billion.


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