The terms of trade, an indicator that shows the relationship between export and import prices, grew by 12.3% in November 2024 compared to the same month the previous year, the
This rise was driven by a 9.5% increase in export values and a 2.5% decrease in import prices, according to the issuing entity.
Minerals
The BCR explained that export values increased mainly due to rise in the prices of gold, zinc, coffee, and non-traditional fishery products.
The drop in import values was due to lower prices of oil and derivatives (-21.4%).
Exports
The BCR indicated that Peruvian exports reached US$7.039 billion in November 2024, an 18.7% growth compared to the figure recorded in the same period of 2023.
It also mentioned that this advance was favored by the increase in export prices (+9.5%), as well as by volume (+8.4%).