Peru to end 2019 with trade surplus for fourth consecutive year
Cargo containers in Yangon. The government has announced a reduction in the country’s trade deficit to $905 million. The Myanmar Times. Sketched by the Pan Pacific Agency.
LIMA, Dec 10, 2019, ANDINA. Peru’s trade balance recorded a surplus of US$4.128 billion in January-October and is likely to remain in positive figures until the end of 2019, for the fourth consecutive year, ANDINA reported.
According to Central Reserve Bank of Peru (BCR), exports reached US$38.550 billion as at October this year, while imports amounted to US$34.422 billion.
In October alone, exports toted US$4.112 billion, up 3.1% from the same month a year earlier and favored by an increase in the volume of traditional (6.7%) and non-traditional (0.9%) exports.
On the other hand, imports totaled US$3.709 billion in October, a 7.6% decline over the same month in 2018.
Also in October, purchases of inputs decreased by 14.7%, while those of consumer and capital goods rose 0.1% and 0.2%, respectively.
According to the issuing entity, Peru’s trade balance registered a US$7.049 billion surplus in 2018, the highest figure since 2011.
Exports reached US$48.942 billion, thus marking an 8.1% increase from 2017.
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