Peru's trade balance posted a US$458 million surplus last May, thus maintaining the positive performance witnessed since July 2016, Central Reserve Bank (BCR) reported.
With this result, the Inca country has registered an accumulated
trade surplus worth US$2.688 billion in the first five months of 2018.
According to the issuing entity, said the outcome was mainly driven by higher export prices (+16.4%) and —to a lesser extend— export volume (+0.1%).
Additionally, trade surplus reached US$7.245 billion in the last 12 months leading up to May, the highest figure recorded over the past 70 months.
In this regard, the most demanded traditional products came from fishery and
mining-hydrocarbon sectors, while non-traditional goods that stood out derived from the farming, chemical, and textile sectors.
Imports
On the other hand, Peruvian
imports reached US$3.655 billion in the fifth month of 2018, up by 15.3% over the same term last year.
This growth was supported by higher purchases of inputs (+26.7%), capital goods (+7.3%), and consumer goods (+3.9%).
(END) CNA/JAA/MVB