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LatinNews Regional Monitor: Andean Group - 24 October 2018

Economic Highlights

PERU | Non-traditional exports up. According to a report released this month by Peru’s central bank (BCR), Peru’s non-traditional exports reached US$1.1bn in August 2018, up 10.9% compared with the same month a year before. According to the BCR report, this growth was explained by the 11.8% increase in shipped volume, while the average price showed a slight decline (0.8%). Concerning the exported value, the financial entity noted greater sales of avocados (75%), giant squid (47.8%), blueberries (58.7%), cotton t-shirts (25%), frozen fruits (52.9%), and flexible laminates (33.5%), among others. As per destinations, Peru’s top export markets were North America (20.7%), the European Union (10.7%), Andean countries (7.6%), and Asia (6.9%).

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