Peru’s trade surplus rose by 25.0% YoY to USD 2.0 bln in December, with a notable expansion to USD 17.4 bln in 2023, exceeding expectations and marking a 68.4% increase from 2022. This growth, equivalent to 6.5% of GDP for 2023, underscores Peru’s robust external position, supported by net international reserves totaling USD 73.9 bln or 27.8% of GDP by the year’s end.