Peru: Merchandise exports accelerate in November
Latest reading: Merchandise exports soared 18.7% year-on-year in November, on the heels of October’s 10.5% upturn. Meanwhile, merchandise imports shot up 15.0% on an annual basis in November (October: +1.6% yoy), marking the strongest reading since August 2022.
As a result, the merchandise trade balance improved from the previous month, recording a USD 2.4 billion surplus in November (October 2024: USD 1.8 billion surplus; November 2023: USD 1.9 billion surplus). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 23.0 billion surplus in November, compared to the USD 22.5 billion surplus in October.