Peru: Merchandise exports rise at a slower rate in September
Latest reading: Merchandise exports jumped 12.4% over the same month last year in September (August: +22.7% year-on-year). This was largely the result of higher export prices, as export volumes only rose marginally. Meanwhile, merchandise imports declined 3.4% over the same month last year in September (August: +7.0% yoy).
As a result, the merchandise trade balance improved from the previous month, recording a USD 2.3 billion surplus in September (August 2024: USD 2.0 billion surplus; September 2023: USD 1.5 billion surplus). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 22.0 billion surplus in September, compared to the USD 21.1 billion surplus in August.