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Trade News

Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.


Peru export growth led LatAm in 2016

Wednesday, March 15, 2017 > 09:52:17


Peruvian exports grew 7.6% in 2016, thus registering the highest increase among Latin American countries, Peru's Central Reserve Bank (BCR) reported.

Inca exports totaled US$36.838 billion in 2016, with a trade surplus of US$1.730 billion, said BCR Economic Studies Central Manager Adrian Armas. 

“Peru stood out as the country with the largest increase [in exports] last year, while most [Latin American] countries continued reporting drops in export levels,” Armas stated. 

According to BCR data, the Andean country led the export growth ranking with a 7.6% gain, followed by Costa Rica (2.3%), Argentina (1.7%) and Paraguay (1.6%); whereas the remaining countries saw a decline in their sales abroad. 

On the other hand, the report underlined the Inca nation continued to record a trade surplus in January this year, since Peruvian exports and imports totaled US$3.117 billion and US$2.697 billion, respectively. 

During the first month of the year, trade balance recorded a surplus of US$150 million, meaning trade surplus continues after last year's US$1.730 billion, the BCR executive affirmed. 

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