Peru Achieves Breaking record of year Trade Surplus
(MENAFN) Peru’s trade surplus for the 12 months ending in April reached an unprecedented $26.71 billion, according to a recent report from the country’s Central Reserve Bank.
In April alone, the trade surplus stood at $1.33 billion, showing a $503 million increase compared to April of the previous year.
Exports in April amounted to $5.80 billion, reflecting a 12.4% rise year-on-year. This growth was primarily driven by a 10.6% increase in average export prices alongside a 1.5% boost in export volumes.
Traditional exports contributed $4.1 billion, marking a 4% year-over-year increase, largely due to higher prices for metals and coffee, as well as expanded shipments of fishmeal and fish oil.
Meanwhile, non-traditional exports saw a significant jump of 40.3%, reaching $1.69 billion, bolstered by a 42.6% growth in export volume, especially within the fisheries and agricultural industries.
On the import side, April figures showed a 3.1% rise to $4.47 billion, driven by increased purchases of consumer and capital goods.
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