Bloomberg News

Peru October Trade Surplus Widens on Metal Price Gains

December 12, 2011

(Updates to add imports, exports in third paragraph.)

Dec. 12 (Bloomberg) -- Peru’s trade surplus widened in October as rising gold and copper prices spurred export growth.

The Andean country had a trade surplus of $672 million in October, compared with a $505 million surplus a year earlier, the country’s National Statistics Institute said today in an e- mailed report.

Exports rose 20 percent to $3.73 billion from a year ago, the agency said. Imports climbed 18 percent to $3.06 billion, led by demand for cars, televisions and mobile phones.

Metals accounted for 60 percent of Peru’s exports in October.

The sol weakened 0.2 percent to 2.7015 per dollar at 11:11 a.m. Lima time from 2.6955 on Dec. 9.

--Editors: Harry Maurer, 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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