Peru's terms of trade increased 10% in November 2017 from the same month the previous year, driven by higher export prices of copper, zinc, as well as petroleum and natural gas derivatives, Central Reserve Bank (BCR) informed Monday.
According to the issuing entity, said positive result marked the seventeenth month of consecutive growth.
In this regard,
export prices grew on average 16.5%, thus maintaining the positive rates registered since August 2016, thanks to higher prices of
copper (34.7%), zinc (34.6%), petroleum derivatives (34.3%), and natural gas (24.5%).
Moreover, import prices rose on average 5.9% last November if compared to the similar period in 2016.
Lastly, BCR pointed out terms of trade index stood at 105.6 in the analyzed term, the highest level since April 2013.
(END) CNA/JAA/MVB