Peru's terms of trade index stood at 104.5 points in December 2017, Central Reserve Bank (BCR) reported Wednesday.
Said result means
terms of trade —by end-2017— reached the highest level in almost six years (105.9 in April 2013).
This improvement is explained by commodity prices recovery —started in early 2016— which were driven by higher dynamism in global economy, China's economic stabilization, and the U.S. dollar weakening.
Within this framework, international prices of Peru's main exported products experienced increase, thus favoring the country's
terms of trade index.
Since early January 2016, metal prices have been rising, as were the cases of zinc (131%), copper (51%), and gold (24%).
Between January 2001 and May 2007, Peru's
terms of trade index reached 106.3 points thanks to mineral prices boom.
(END) RGP/RGP/FGM/MVB