Peru’s trade balance posted a US$458 million surplus last May, thus maintaining the positive performance witnessed since July 2016, Central Reserve Bank (BCR) reported.
With this result, the Inca country has registered an accumulated trade surplus worth US$2.688 billion in the first five months of 2018.
According to the issuing entity, said the outcome was mainly driven by higher export prices (+16.4%) and —to a lesser extend— export volume (+0.1%).
Additionally, trade surplus reached US$7.245 billion in the last 12 months leading up to May, the highest figure recorded over the past 70 months.
It must be noted Inca exports totaled US$4.114 billion in May 2018, a 16.4% increase from the similar month last year.
Such expansion was underpinned by greater traditional (+16.9%) and non-traditional (+15.1%) shipments.
In this regard, the most demanded traditional products came from fishery and mining-hydrocarbon sectors, while non-traditional goods that stood out derived from the farming, chemical, and textile sectors.
On the other hand, Peruvian imports reached US$3.655 billion in the fifth month of 2018, up by 15.3% over the same term last year.
This growth was supported by higher purchases of inputs (+26.7%), capital goods (+7.3%), and consumer goods (+3.9%).