Peru’s trade balance accumulated a large surplus of US $ 3.986 billion in the third quarter of this year, an increase of US $ 718 million from the amount recorded in the same period of 2020 and 2.336 billion. billion US dollars compared to the similar quarter of 2019, the Central Reserve Bank (BCR) reported.
Between the third quarters of 2021 and 2020, there was an increase in exports of US $ 4.628 billion due to the continued increase in the prices of raw materials, mining products and other categories such as coffee and coffee. fish meal, detailed the issuing entity.
Likewise, an upward trend was observed in the volume of non-traditional goods, mainly textiles and agricultural products.
Regarding imports, the RBC specified that they recorded an increase of 3.910 billion US dollars compared to the same period of 2020 due to the recovery in local demand and the increase in the price of imports (fuels, among others).
Net international reserves
On the other hand, the issuing entity revealed that net international reserves stood at US $ 76.024 billion at the end of the third quarter of 2021, an amount that allows the economy to rely on a high capacity for respond to adverse eventualities.
This level was $ 3.670 billion higher than that recorded at the end of the third quarter of 2020 and $ 4.132 billion higher than that recorded in the same quarter of 2019.
In cumulative annual terms, the growth rate of gross domestic product (GDP) rose from 6.3% in the second quarter of 2021 to 11.9% in the third quarter of 2021, which is explained in particular by the greater dynamism of the economy. domestic demand.
(END) VLA / MVB