Peru: Merchandise exports increase at a robust rate in October
Latest reading: Merchandise exports jumped 10.3% on an annual basis in October, on the heels of September’s 12.4% jump. October’s figure marked the softest expansion since April but was still elevated by historical standards, buoyed by higher prices for metals and coffee. Meanwhile, merchandise imports expanded 1.3% on an annual basis in October (September: -3.4% yoy).
As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 1.8 billion surplus in October (September 2024: USD 2.3 billion surplus; October 2023: USD 1.3 billion surplus). Lastly, the trend pointed up, with the 12-month trailing merchandise trade balance recording a USD 22.5 billion surplus in October, compared to the USD 22.0 billion surplus in September.