LatinNews Daily - 06 September 2021

In brief: Peru’s exports continue to recover

* Peru’s central bank (BCRP) has reported that Peru’s exports totalled US$4.94bn in July 2021, up 16.9% and 33.3% from July 2019 and July 2020 levels, respectively. BCRP attributes this increase to a recovery in economic activity after the impact of the coronavirus (Covid-19) pandemic and high prices of commodities, particularly of metals such as copper and zinc, fish flour, and coffee. The same figures show that imports in July totalled US$4.03bn, an increase of 13.9% and 47.7% on the same month in 2019 and 2020 respectively. The BCRP cites recovery in domestic demand, as well as higher fuel and food prices, as the cause of the increase in the value of imports.

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