Peru: Trade surplus widens substantially in August
October 6, 2017
Peru’s trade balance recorded a USD 433 million surplus in August, a substantial increase from July’s USD 220 million surplus and almost quintupling the USD 90 million surplus recorded in the same month of last year.
Growth in exports quickened considerably in August, accelerating to 20.4% year-on-year from July’s weak 1.9% expansion. Growth came mainly on the back of a strong expansion in mining exports—especially gold and copper—as well as of a jump in exports of metal mechanical products. By contrast, agricultural and fishingexports dropped. Meanwhile, imports rose 10.1% annually in August, down from July’s 15.7% growth.
In the 12 months leading up to August, the trade surplus was USD 5.0 billion, above July’s USD 4.7 billion.