Peru: Merchandise exports increase at a strong rate in August
Latest reading: Merchandise exports soared 19.0% over the same month last year in August, on the heels of July’s 33.7% jump. This was the result of higher export volumes and prices. Meanwhile, merchandise imports rose 6.8% in annual terms in August (July: +12.4% yoy).
As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 1.8 billion surplus in August (July 2024: USD 2.4 billion surplus; August 2023: USD 1.1 billion surplus). Lastly, the trend pointed up, with the 12-month trailing merchandise trade balance recording a USD 20.7 billion surplus in August, compared to the USD 20.0 billion surplus in July.