Peru's trade balance recorded a US$1.26 billion surplus in October 2020, the highest since January 2012, US$23 million higher than in September and US$836 million higher than in the same month last year, the Central Reserve Bank (BCR) has reported.
According to the issuing entity, exports in October amounted to US$4.478 billion, up 6.7% compared to last month, mainly due to higher shipped volumes and prices of exported goods
The BCR stated that traditional exports saw a 3.5% rise, while non-traditional shipments grew 13.7%.
When compared to the same month in 2019, exports increased 8.3%, driven by higher prices, mainly of traditional products.
On the other hand, imports totaled US$3.218 billion in October, up 8.7% compared to September, mainly due to higher purchases of inputs, as well as consumer and capital goods.
In comparison to October 2020, imports saw a 13.3% decline, mainly due to lower purchases of inputs.
(END) NDP/JJN/RMB
Published: 12/13/2020