BCRP: trade balance presented a surplus of US$ 1,030 million in January 2022

The Central Reserve Bank of Peru (BCRP) reported this March 11 that the balance of trade In January 2022, it registered a monthly surplus of US$ 1,030 million and, accumulated 12 months, one of US$ 14.7 billion.

Thus, exports totaled US$5,269 million in January, 16.2% (US$734 million) higher than those of January 2021 as a reflection of the high prices of metals and the recovery of activity. Exports of copper, zinc, molybdenum and iron reported by Sunat have been supplemented by reports from the Ministry of Energy and Mines (mine) for those companies that, having made shipments, have not yet regularized them in SUNAT.

On the other hand, imports amounted to US$4,239 million, 25.9% higher (US$872 million) than what was reported in January 2021, with generalized increases mainly due to higher import prices and, to a lesser extent, , to the largest imported volumes (construction materials and non-durable consumer goods excluding food).

The terms of trade decreased 4.4% in January compared to the same month of 2021 due to higher import prices (17.4%), mainly for inputs. Export prices increased 12.2% for copper, zinc, hydrocarbons, coffee and fishmeal, mainly.