Peru posts first trade surplus of the yearMonday, June 06, 2016 > 10:55:48
Peruvian exports picked up in April, and this helped the country to record its first trade surplus of the year, given that exports were US$13 million higher than imports, Central Reserve Bank of Peru informed in its latest Weekly Report.
In April 2016, exports grew 12.3% amounting to US$2.71 billion. Exports of traditional products accounted for US$1.94 billion of this total.
Nontraditional exports totaled US$765 million, and increased sales of avocados, pomegranates, cocoa, zinc products, and textiles stood out among them.
In April the volume of shipments grew 23.5% as a result of increased shipments of traditional goods (copper, gold, coffee, and fishmeal).
Moreover, the volume of nontraditional exports expanded by 7.0%, due to greater shipments of farming products.
On the other hand, imports fell 10.9% and amounted to US$2.70 billion, with imports of inputs (US$1.09 billion), capital good (US$970 million), and consumer goods (US$614 million) accounting for this figure.