BCR: Peru’s trade balance closed with a surplus of US$ 14,752 million in 2021

Peru’s trade balance reached a surplus of US$ 14,752 million in 2021, as a result of the progress of exports that managed to recover and exceed pre-pandemic levels, reported the Central Reserve Bank (BCR).

Exports totaled US$63,106 million in 2021, an amount that represented a growth of 47.1% compared to the previous year and 31.5% compared to 2019, before the COVID-19 pandemic.

Imports reached US$ 48,354 million in 2021, 39.3% higher than in 2020 and 17.6% higher than in 2019.

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In monthly terms, the trade balance registered a surplus of US$ 1,737 million in December 2021, US$ 267 million higher than in December 2019. The advance corresponds 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. This surplus is higher by US$ 439 million than in December 2020.

In December 2021, exports totaled US$6,339 million, 30.2% and 26.2% higher than those of December 2019 and 2020, respectively, reflecting the high prices of metals and the recovery of global economic activity.

Imports reached US$ 4,602 million in December 2021, 35.4% and 23.5% higher than what was reported in December 2019 and 2020, respectively, with generalized increases in all its items, as a result of the recovery of internal demand and of the highest prices.

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