LatinNews Daily - 09 December 2022

*Peru’s central bank (BCRP) has released new figures which show that Peru’s trade balance registered a surplus of US$387m in October 2022, down from US$817m in September and US$1.4bn in October 2021. According to BCRP, Peru’s exports reached US$5.19bn in October this year, a 9.2% decline compared to the same month in 2021. Meanwhile imports amounted to US$4.8bn, up 12.2% from October 2021. Exports of non-traditional products amounted to US$1.7bn in October 2022, a 5.4% year-on-year increase while exports of traditional products totalled US$3.5bn, which represented a decrease of 14.9% year-on-year, mainly due to a drop in mining and hydrocarbon exports. In the first ten months of 2022, Peru’s exports totalled US$54.5bn, an 8.0% increase on the same period in 2021 while imports totalled US$47.0bn, an 18.8% rise. This left a trade surplus of US$7.5bn, down from US$10.9bn in the same period in 2021.

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