Trade balance shows record surplus

Peru’s trade balance registered a US$665 million surplus in March, an increase of 46.2% against the same month in 2006, according to the Central Reserve Bank (BCR).

This takes the total trade surplus for the first quarter to $1.42 billion, an advance on last year’s figure of $1.25 billion.

The twelve months leading up to these latest figures showed a total net surplus of over $9 billion, 66% more than in the preceding twelve months.

Exports in March totaled just over $2 billion, a $322 million (19%) advance on last year. The first quarter total beat 2006 by 22%, while total exports for April 2006-March 2007 were worth $24.75 billion. Largest exports were copper ($151m), zinc ($107m), lead ($55m) and fish meal ($34m).

Imports in March totaled $1.4 billion, an increase of 9% on March 2006, and a 22% increase for the first quarter as a whole.

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