The Central Reserve Bank of Peru (BCRP) reported that the trade balance reached a record level of US $ 3,986 million between July and September 2021. This amount is higher by US $ 2,336 million compared to the same period in 2019, a year without a pandemic, and by US $ 718 million compared to the 2020.
This annual growth in exports was explained by the 27.7% increase in shipped products. It should be noted that traditional products were those that had the highest price paid with 36%, among which zinc and copper stand out, as well as coffee and fishmeal in other categories.
Analysis of imports and exports
During the third quarter of 2021, the imports totaled US $ 12,377 million, which implied a year-on-year increase of 46.2% and an increase of 17.4% compared to the same period in 2019. This advance was due to the recovery of local demand and the increase in the price of Petroleum.
The value of exports increased by 9.2% in the volume shipped, within which non-traditional products stand out (such as textiles, agriculture, non-metallic mining and iron and steel), which represent 15.8%.
In the last four months, the trade balance surplus accumulated in GDP percentage of 6%, This is due to the high prices in industrial metals. Likewise, the local recovery followed the resumption of activities and the favorable performance of the global economic activity.
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