The trade balance surplus amounted to US$5.184 billion in the second quarter of 2024, US$951 million higher than in the same period of 2023, the
Therefore, Peru's trade balance has accumulated 16 quarters of positive results since the third quarter of 2020.
This evolution was mainly explained by an increase in prices of traditional export products, basically mining ones (+10.5%).
According to the BCR, this is added to higher prices of non-traditional products (+13.8%) from the agricultural and fishing sectors, as well as a strong increase in the volume of shipped fishmeal (+305.4%).
This result was slightly reinforced by a drop in the price of imports, mainly of inputs (-2.5%).
Thus, the trade balance reached a surplus of 7.2% of GDP in the second quarter of 2024, 0.9 percentage point higher than the level recorded in the second quarter of 2023.