Peru's terms of trade increased 7.3% last year compared to 2016, after five years of negative growth, Central Reserve Bank of Peru (BCR) reported Wednesday.
According to the issuing entity, such result was driven by higher export prices —an increase of 13.1%— mainly of basic metals.
Said figure is higher than the import prices figure of 5.4%.
The country's terms of trade marked
18 months of sustained growth thanks to December's positive result (7.6%), amid higher raw material costs.
In the analyzed month, export prices grew 13.1% on average, whereas import prices rose 5.1% over the same month in 2016.