November 21, 2021. Lima, Peru.- The trade balance showed a high surplus of US$ 3,986 million in the third quarter of this year, higher by US$ 718 million than that registered in the same period of 2020 and higher by US$ 2,336 million dollars than in the same quarter of 2019, reported the Central Reserve Bank (BCR).
The issuing entity reported that between the third quarters of 2021 and 2020 there was an increase in exports by US$ 4,628 million, reflecting the continuous high prices of commodities, mining products and other categories, such as coffee and fishmeal.
There was also an upward trend in the volume of non-traditional, mainly textiles and agriculture.
On the side of imports, the BCR said that these registered an increase of US$ 3,910 million compared to the same period of the previous year, due to the recovery of local demand and the increase in the price of imports (fuels, among others).
On the other hand, the BCR revealed that the level of net international reserves (RIN) stood at US$ 76,024 million at the end of the third quarter of 2021, an amount that allows the economy to have a high capacity to respond to adverse contingencies.
This level was higher by US$ 3,670 million than that observed at the end of the third quarter of last year and by US$ 4,132 million than that registered in the quarter of 2019.
In cumulative annual terms, the growth rate of gross domestic product (GDP) increased from 6.3% in the second quarter of 2021 to 11.9% in the third quarter of 2021, explained by the greater dynamism of domestic demand.
Source: Press Release - El Peruano