Peru's trade surplus narrowed to USD 456 million in July 2019 from USD 556 million in the same month of the previous year. Exports declined 2.7 percent to USD 3.99 billion, despite a 13.0 percent jump of non-traditional exports; in contrast, traditional exports declined 8.0 percent, as oil & gas plummeted 31.6 percent and seafood 25.8 percent. Meantime, imports edged down 0.2 percent to USD 3.53 billion, mainly dragged by a 6.9 percent drop in supply goods. In contrast, purchases of capital goods climbed 9.3 percent. Balance of Trade in Peru averaged 96.59 USD Million from 1957 until 2019, 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.
Balance of Trade in Peru is expected to be 1180.00 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 1150.00 in 12 months time. In the long-term, the Peru Balance of Trade is projected to trend around 1130.00 USD Million in 2020, according to our econometric models.