Bloomberg News

Peru’s August Trade Surplus Doubles From Year Ago on Metals

October 11, 2011

(Updates with exports, imports in third paragraph.)

Oct. 11 (Bloomberg) -- Peru’s trade surplus more than doubled in August from the same month a year earlier as rising copper, gold and coffee prices drove exports to a record.

The Andean country posted a trade surplus of $1.16 billion in August, compared with $448 million a year ago and $1.25 billion in July, the country’s National Statistics Institute said today in an e-mailed report.

Exports climbed 54 percent to $4.53 billion. Imports rose 35 percent to $3.4 billion, led by crude oil, soybean, automobiles and televisions, the agency said.

The Peruvian sol weakened 0.1 percent to 2.7300 per U.S. dollar at 11:02 a.m. in New York, from 2.7280 yesterday.

The nation’s trade surplus will probably fall to $4.3 billion next year from $7.4 billion this year because of lower metal prices, central bank President Julio Velarde said Oct. 4.

--Editor: Robert Jameson

To contact the reporter on this story: John Quigley in Lima at jquigley8@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net


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