Peru: Merchandise exports slide at a milder pace in December
Merchandise exports contracted 5.1% over the same month last year in December (November: -21.4% year-on-year). Meanwhile, merchandise imports climbed 1.3% on an annual basis in December (November: +10.7% yoy), marking the weakest result since January 2021.
As a result, the merchandise trade balance improved from the previous month, recording a USD 1.5 billion surplus in December (November 2022: USD 0.3 billion surplus; December 2021: USD 1.9 billion surplus). Lastly, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a USD 9.3 billion surplus in December, compared to the USD 9.7 billion surplus in November.