Peru Exports Fell for Second Month in May, Association Says

Peru may post a trade deficit for a second straight month after exports dropped in May on falling metal prices, an exporter group said.

Exports fell by almost 20 percent from a year earlier while imports climbed 9 percent, exporters association Adex said in an e-mailed statement citing preliminary customs data.

The Andean nation registered an $84 million trade deficit in April, its first gap in three years, as slower global growth curbed demand for metals that account for two-thirds of its shipments overseas. The national statistics agency is scheduled to release its May report July 10.

To contact the reporter on this story: John Quigley in Lima at jquigley8@bloomberg.net;

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net

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