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LatinNews Daily - 30 June 2021

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In brief: Peruvian exports above pre-pandemic levels

* The institute of research and development of foreign trade at Peru’s chamber of commerce (Idexcam) has published figures showing that exports increased by 108.38% year-on-year in May, amounting to US$4.16bn. May exports also exceeded the total recorded in May 2019 (US$3.59bn), marking a recovery from the economic impact of the coronavirus (Covid-19) pandemic that saw them plummet in 2020. Idexcam attributed the recovery to the strong economic performance of key consumer markets, in particular China, which imported US$1.43bn of Peruvian goods (a year-on-year increase of 219.97%). Significant increases were also recorded in exports to the US (US$506m, up 17.77%), Canada (US$187.1m, up 80.64%), and the United Arab Emirates (US$187m, up 19.82%). The most lucrative exports were copper ore (US$1.09bn, up 96.53%) and gold (US$621m, up 120.53%).