The balance of trade accumulated in the last twelve months reached a surplus US$8,651 million as of February 2023. Only in the second month of the year it registered a monthly surplus of US$ 866 million, reported the Central Reserve Bank of Peru (BCRP).
The monetary authority explained that the exports totaled US$4,701 million in February, with a reduction of 18.0% compared to the same month of 2022, due to lower volumes and prices, largely explained by the transportation problems that copper and gold companies faced in said month, particularly in the southern region.
In the first two months of the year, Foreign sales accumulated US$9,521 million, 15.2% less than those of the same period in 2022.
The exports of traditional products totaled US$3.080 million, which meant a decrease of 27.8% year-on-year, mainly due to lower volumes and prices of mining products. The non-traditional products they grew 10.6% year-on-year in February, totaling US$1,601 million, mainly explained by the higher volumes shipped of agricultural and fishery products and the higher prices of textile products and non-metallic mining.
In the first two months, traditional exports decreased by 23.7%o, while non-traditional exports grew 9.0%.
For his part, imports totaled US$3,835 million in February, 4.0% less than those of the same month last year, mainly due to lower volumes of industrial inputs. Accumulated purchases from abroad totaled US$7,461 million between January and February 2023, a 9.6% reduction compared to the same period in 2022.
Source: Larepublica
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