Peru recorded a trade surplus of US$13.653 billion up to October

RIO DE JANEIRO, BRAZIL – Peru recorded an annual trade surplus of US$13.653 billion until last October, a month in which it reached US$1.429 billion, an amount higher by 984 million than in October 2019, but lower by 15 million compared to the same month of 2020.

The Central Reserve Bank (BCRP) informed this Sunday that this advance corresponded to high terms of trade, mainly of mining export products. The higher exported volume of non-traditional products, primarily agricultural, textile and chemical products, also positively influenced.

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From January to October of this year, a trade surplus of US$11.45 billion was accumulated, a figure “much higher than that recorded in previous years”, the issuing entity remarked.

Detailing last October’s situation, it indicated that Peruvian exports amounted to US$5.676 billion, which were 36.5% and 21.1% higher than those of October 2019 and 2020, respectively.

This was due to high metal prices and the recovery of global activity, which allowed exports in the first ten months of 2021 to total US$50.726 billion, a figure 29.8% higher than in the same period of 2019 and 51.7% compared to the same period of 2020.

Imports reached US$4.247 billion during that month in October, higher by 14.4% and 3% to what was reported in October 2019 and 2020, respectively.

The BCRP indicated that there were generalized increases in all sectors due to the recovery of domestic demand and higher prices.

Accumulated purchases from abroad amounted to US$39.27 billion so far in 2021, higher by 14% compared to the same period in 2019 and 41.9% compared to last year.