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Peru balsam is collected from wild trees along the 'Balsam Coast' of El Salvador, though many such trees are available in North America. It has a vanilla like scent. For this reason you will see it as a scenting agent in creams and lotions.
Peru Balsam essential oil has been used by aromatherapists for Bronchitis, chapped skin, colds, coughing, eczema, the flu, poor circulation, rashes, sensitive skin, and nervous and stress disorders.