Peru's trade balance posted a US$1.123 billion trade surplus in 2017's first quarter, the Central Reserve Bank (BCR) reported.
The figure is higher compared to the negative amount registered in the same period of 2016 (-US$632 million).
Likewise, the current account deficit decreased to 1.9% of GDP in the first quarter of 2017.
Said outcome was due to higher export volumes, along with increasing commodity prices.
Exports amounted to US$10.116 billion in the first quarter of 2017, up by 30.4% from the same period the previous year.
During the said term, foreign sales of traditional products increased 41.6% (US$2.186 billion), whereas non-traditional exports expanded 6.5% (US$160 million).
On the other hand, imports reached US$8.993 billion in the analyzed period, up by 7.2% from the same term in 2016 (US$8.387 billion).
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