Peru Balsam or Balsam of Peru is a sticky black highly aromatic liquid that comes from cutting the bark of the tree Myroxolon pereirare. It smells of vanilla and cinnamon. Balsam of Peru is used for its aromatic and fixative (i.e. delays evaporation) properties and also for its mild antibacterial, antifungal and antiparasitic attributes. It has 3 main uses: fragrance in perfumes and toiletries; flavouring in food and drink; healing properties in medicinal products. Caution: Allergic reactions from use of Balsam of Peru may occur in sensitive individuals. If you have any concerns with your skin or its treatment, see a dermatologist for advice.