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Peru’s agricultural trade balance surplus grew 7 times in last decade

RIO DE JANEIRO, BRAZIL - The agricultural trade balance in 2020 amounted to US$3.668 billion, almost seven times the amount in 2010, reported the Central Reserve Bank (BCR). This performance mainly reflects the higher average growth in the last ten years of exports (10.1%) compared to imports (4.3%).

The performance of agricultural exports is due to the high growth rates (mostly double-digit) of its main products and, to a lesser extent, its diversification. Indeed, the number of products rose by 34.4% between 2010 and 2020, and the share of the top 10 products rose from . . .

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