As of July 2024, the difference between exports and imports (trade balance) accumulated in the last twelve months reached a surplus of US$19,894 millionexceeding by more than US$5 billion what was achieved in the same period in 2023, according to the BCR.
LOOK: The economy grew 4.5% in July
In monthly terms, a trade surplus of US$2,297 million was recorded in July, doubling the figure achieved compared to July 2023.
This growth was associated with the greater advance recorded by exports (+31.3%), compared to imports (+12.2%).
The growth in exports was associated with shipments of fishmeal, coffee, gold and non-traditional products, as well as an increase in the average export price of 12.9%.
In the month under review, the value of exports amounted to US$6.83 billion.
As for purchases abroad, growth was associated with the acquisition of inputs and capital goods. Imports of capital goods, one of the indicators used to measure private investment, grew 13.9% year-on-year.
However, the import of consumer goods grew by 5.1%.
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