Peru's trade balance recorded a US$899 million surplus in July, the highest print so far this year, driven by higher exports of traditional products,
the Central Reserve Bank of Peru (BCR) reported on Sunday.
According to the issuing entity, this result widened from the US$585 million surplus recorded in June this year.
Exports in July amounted to US$3.612 billion, up 27.3% over the previous month, due to increased foreign sales of traditional products (28.6%), especially
mining and fishing ones.
This rise was also underpinned by increased exports of non-traditional products (24.2%), with exports of farming, textile and fishing products standing out among this group.
On the other hand, imports totaled US$2.713 billion in July, a 20.5% growth when compared to June, due to higher imports of consumer goods, capital goods, and inputs.
Moreover, in year-on-year terms as of July, the trade balance accumulated a surplus of US$5.135 billion, a higher surplus than that registered in the previous month (US$4.919 billion).
(END) NDP/MDV/RMB
Published: 9/6/2020