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Peru: Merchandise trade surplus narrows in July
Latest reading: In July, the trade balance was USD +2.1 billion, following a USD +2.5 billion reading in the prior month. Over the last 12 months, the trade balance summed to USD +26.4 billion.
Exports were up 4.3% in annual terms in July, coming on the back of a 13.0% increase in the previous month. July’s rise was wholly due to higher mineral prices, as export volumes declined due to problems with copper shipments and lower oil sales. Imports increased 11.9% in year-on-year terms in July, coming on the back of a 13.0% increase in the previous month.
