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Annual trade surplus reached historical maximum and rose to US$ 14,352 million in November

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The Central Reserve Bank of Peru (BCRP) reported that the trade balance registered, in November 2021, a surplus of US$ 14,352 million in the last 12 months, which meant a new historical maximum.

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In monthly terms, the trade balance surplus reached US$ 1,960 million in November, US$ 1,191 million higher than in the same month of 2019. The advance corresponded to the high terms of trade, mainly from the prices of export mining products. . The higher volume of non-traditional products exported also had an influence.

It is it is higher by US$ 1,006 million than in November 2020. From January to November 2021, a trade surplus of US$ 13,104 million was accumulated, higher than that registered in previous years.

In November, exports totaled US$6,115 million, 51.9% and 43.1% higher than those of November 2019 and 2020, respectively, reflecting the high prices of metals and the recovery of global activity.

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Between January and November 2021, they totaled US$56,832 million, 31.8% higher than the same month in 2019 (50.7% compared to the same period in 2020).

Meanwhile, imports reached US$ 4,154 million in November, 27.5% and 25.2% higher than what was reported in November 2019 and 2020, respectively, with generalized increases in all its items as a result of the recovery of the domestic demand and the highest prices. Accumulated purchases from abroad were US$43,729 million between January and November 2021, 16% higher than in the same period in 2019 and 41.1% higher than in 2020.

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