Peru's trade balance accumulated a high surplus of US$3.986 billion during the third quarter of this year —higher by US$718 million the amount registered in the same period of 2020 and by US$2.336 billion over the similar quarter of 2019, the Central Reserve Bank (BCR) has reported.
Between the third quarters of 2021 and 2020, there was an increase in exports of US$4.628 billion due to the continuous increases in the prices of commodities, mining products, and other categories such as coffee and fish flour, the issuing entity detailed.
Likewise, an upward trend was observed in the volume of non-traditional goods —mainly textile and farming products.
Concerning imports, the BCR specified that these registered an increase of US$3.910 billion compared to the same period of 2020 due to the recovery of local demand and the increase in the price of imports, including fuels, among others.
Net International Reserves
On the other hand, the issuing entity revealed that net international reserves stood at US$76.024 billion at the end of the third quarter of 2021 —an amount that allows the economy to rely on high capacity to respond to adverse contingencies.
This level was US$ 3.670 billion higher than the one registered at the end of the third quarter of 2020 and by US$4.132 billion than that registered in the same quarter of 2019.
In accumulated annual terms, the Gross Domestic Product (GDP) growth rate increased from 6.3% in the second quarter of 2021 to 11.9% in the third quarter of 2021 —specifically explained by greater dynamism of domestic demand.
(END) VLA/MVB
Published: 11/20/2021