The value of Peruvian exports increased 21.7% —in the period involving September 2016-August 2017— if compared to its similar period between September 2015-August 2016, Central Reserve Bank (BCR) reported.
Such expansion places Peru
as the country relying on the highest exports
growth rate in Latin America.
According to the World Trade Organization (WTO
), said figure exceeded the annual average rate (10.3%) registered in the region.
Additionally, BCR pointed out Latin American countries such as Colombia (15.6%), Ecuador (14.1%), Brazil (11.4%), Chile (9%), and Argentina (2.6%) also registered good results in this sense.
Nevertheless, Paraguay's foreign sales declined by 1.7% in the analyzed period.