Peru: Volume of traditional exports recover for 2nd straight month

Photo: ANDINA/Archive.

Photo: ANDINA/Archive.

10:10 | Lima, Jul. 13 (ANDINA).

The volume of traditional Peruvian exports continued to recover for the second consecutive month in May, with increased shipments of minerals and hydrocarbons, the Central Reserve Bank (BCR) said Saturday.

The central bank said the volume of traditional exports grew by one percent in May, after expanding four percent in April.

This was achieved despite a trade deficit of US$ 465 million in May due to lower prices of export traditional goods, it added.

"But in terms of volume, there was a recovery for the second consecutive month, 4.0 percent in April and 1.0 percent in May," the BCR said.

In May, the growth of exports in terms of volume was associated with the increased exports of gold, zinc, lead and crude oil.

On the other hand, the imports in May were US$ 3,763 million and reflected the increase observed in imports of raw material and non-durable consumer goods.

The terms of trade declined 7.1 percent compared to the same period in 2012 as a result of the lower prices of coffee and most mining products with the exception of lead and tin.


Published: 7/13/2013
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