According to the Central Reserve Bank (BCRP), September’s trade surplus reached US $ 1,590 million, and this is US $ 961 million higher than that registered in the same month of 2019 and 78 million higher than that of the same period of the year. 2020, the year in which the Peruvian economy was paralyzed 107 days due to a mandatory quarantine to face the pandemic.
Thus, in the ninth month, the trade balance registered a surplus of US $ 13,404 million in the last twelve months, thus reaching a new historical maximum level.
“The evolution corresponded to the high terms of trade, mainly of export mining products, and to the greater volume of non-traditional products exported,” the BCRP highlighted in its weekly report released on Thursday.
Thus, between January and September, a trade surplus of US $ 9,624 million accumulates, higher than that registered in previous years.
The exports
Exports amounted to US $ 5,765 million in September, which represented increases of 43.6% and 31.5% compared to September 2019 and 2020, respectively.
This was explained by the higher exports of mining products, and, to a lesser extent, of agriculture, textiles, chemicals and iron and steel.
So far in 2021, exports totaled US $ 44,626 million, 27.1% higher than those of the same period in 2019. Traditional exports were 34.7% higher.
Imports
Meanwhile, imports totaled US $ 4,175 million, 23.3% higher than those of September 2019, highlighting the increase in raw materials, fuels and transportation equipment.
With respect to September 2020, imports increased by 40.5% with generalized increases in all their items.
Accumulated purchases from abroad were US $ 35,002 million so far in 2021, higher by 13.9% compared to the same period in 2019 and 43.3% compared to a year ago.
Exports in the world
Global exports of intermediate goods posted a strong 47% year-on-year increase in the second quarter, already far exceeding pre-pandemic levels, according to data released by the World Trade Organization (WTO).
Kingston is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
