Peru's trade balance recorded a US$1.2 billion surplus in December last year, larger than November's US$718 million surplus, the FocusEconomics' LatinFocus Consensus Forecast report has affirmed.
"Exports rebounded 6.6% year-on-year in December (November: -4.8% year-on-year), boosted by rising foreign sales of mining and agricultural products, only partially offset by falling exports of oil and natural gas," it expressed.
Meanwhile, imports also bounced back and grew 8.5% annually in December, contrasting November's 5.2% fall, on the back of a jump in purchases of consumer and capital goods imports.
According to FocusEconomics, in the 12 months leading up to December, the trade surplus was US$6.6 billion, matching November's print.
Panelists participating in the LatinFocus Consensus Forecast
see exports rising 2.8% in 2020 and the trade balance recording a surplus of US$5.8 billion.
For 2021, the panel sees overseas sales expanding 3.7% and forecasts a trade surplus of US$5.9 billion.
Editor's note: Based on information provided by FocusEconomics.
(END) NDP/RMB
Published: 2/19/2020