Andina

Peru: Terms of trade up 6.4% in Feb 2018

Exportaciones Puerto Callao DP WORLD

Exportaciones Puerto Callao DP WORLD

08:00 | Lima, Apr. 11.

Peru's terms of trade registered an annual growth rate of 6.4% in February 2018, mainly underpinned by export prices, Central Reserve Bank (BCR) reported.

Thus, the Andean country's terms of trade saw 20 consecutive months of expansion amid higher prices of raw materials. 

Export prices increased 11.5% on average in February, thus maintaining the positive rates registered since August 2016, thanks to higher prices of zinc (34.7%), copper (13.3%), gold (7.9%), as well as crude oil and derivatives (23.5%).

Finally, BCR noted import prices increased 4.8% on average over the same month last year. 

(END) NDP/FGM/MVB

Published: 4/11/2018
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