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Peru: Trade surplus stood at US$7.049 billion in 2018

13:31 | Lima, Feb. 8.

Peru's trade balance registered a US$7.049 billion surplus in 2018, the highest figure since 2011, thus maintaining the positive trend witnessed for three years in a row, Central Reserve Bank (BCR) reported.

"In 2018, exports totaled US$48.942 billion. A historic amount that confirmed the upward trend over the last three years, thus marking an 8.1% increase compared to 2017," it expressed. 

"That was underpinned by higher export volumes (1.5%) and price (6.5%)," BCR added. 

According to the issuing entity, traditional exports' average price rose (8%) last year, mainly zinc, oil derivatives, and fish flour. 

"While non-traditional export volumes posted an 11% expansion, driven by greater shipments of agricultural, fishery, and chemical products," it indicated. 

Imports

Likewise, BCR pointed out imports totaled US$41.893 billion, an 8.2% increase compared to 2017. 

This result was boosted by greater purchases of inputs (+14.8%), as well as capital (+2.9%) and consumer goods (+2.8%). 

In December 2018, Peru's trade balance posted a US$1.076 billion surplus. Exports amounted to US$4.227 billion, while imports reached US$3.152 billion. 

(END) MDV/MDV/DTK/RMB

Published: 2/8/2019
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