Peru posted a trade deficit of USD 229 million in May 2020, shifting from a USD 146 million surplus in the same month of the previous month. It was the second straight month of deficit in trade balance, as the global pandemic hit both exports and imports. Exports plunged 46.9 percent from a year earlier to USD 1969 million, mostly due to lower sales of traditional goods (-52.5 percent) and non-traditional (-32.9 percent). Meantime, imports tumbled 38.3 percent from a year earlier to USD 2197 million, mainly driven by lower purchases of capital goods (-45.3 percent), consumption (-31 percent), and intermediate goods (-37.1 percent).
Balance of Trade in Peru averaged 101.05 USD Million from 1957 until 2020, reaching an all time high of 1290.20 USD Million in December of 2011 and a record low of -676.30 USD Million in January of 2014. This page provides - Peru Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Peru Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Central Reserve Bank of Peru
Balance of Trade in Peru is expected to be 180.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Peru to stand at 850.00 in 12 months time. In the long-term, the Peru Balance of Trade is projected to trend around 1130.00 USD Million in 2021 and 1090.00 USD Million in 2022, according to our econometric models.