LatinNews Daily - 15 November 2022

In brief: Peru’s trade balance posts year-on-year decline

*Peru’s central bank (BCRP) has released new figures which show that Peru’s trade balance registered a surplus of US$689m in September 2022, which was higher than the amount recorded in the previous month (US$321m) but lower than the US$1.59bn registered in September 2021. According to BCRP, Peru’s exports reached US$5.55bn in September this year, a 4.6% decline compared to the same month in 2021. Meanwhile imports amounted to US$4.865bn, up 16% from September 2021, mainly due to higher input prices, as well as increased volumes of inputs and consumer goods. Non-traditional products amounted to US$1.641bn, a year-on-year increase of 4.4% while exports of traditional products totalled US$3.89bn, which represented a decrease of 8.1% year-on-year, mainly due to a drop in mining and hydrocarbon exports.

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