Andina

Peru: Trade surplus reached US$8.8 billion as of Feb 2021

Photo: ANDINA/Diffusion

Photo: ANDINA/Diffusion

13:31 | Lima, Apr. 11.

In cumulative terms, during the last twelve months (as of February 2021) trade balance registered a surplus of US$8.8 billion, the highest value since May 2012, the Central Reserve Bank has reported.

This balance had a surplus of US$749 million in February, higher by US$166 million if compared to the same period in 2020. Thus, it accumulated a positive result of US$1.927 billion in the first two months of 2021.

Exports reached US$4.207 billion in February and US$8.648 billion in January-February, growths of 17.9% and 15.9% compared to the same periods in 2020, respectively, due to the increase in export prices.

In February, traditional exports registered US$ 3.026 billion, an expansion of 19.1% mainly due to higher mining product prices.

Non-traditional exports reached US$1.167 billion and a growth of 15.2% year-on-year driven by greater shipments of fishery and mining products.

In the first two months 2021, traditional exports experienced an increase of 18.1% compared to the same period in 2020. For their part, non-traditional exports rose by 11.1%.

For their part, imports totaled US$3.457 billion in February, 15.9% higher than the value registered twelve months ago driven by the increase in purchases of inputs, as well as of consumer and capital goods.

Accumulated purchases from abroad totaled US$6.721 billion in the first two months of 2021, 2.1% higher in relation to January-February 2020 due to greater purchases of inputs and capital.

(END) NDP/MVB

Published: 4/11/2021