Bloomberg News

Peru Trade Surplus Narrows on Weaker Demand for Commodities

February 11, 2013

Peru’s trade surplus fell by almost a half in December from the same month last year as demand for the country’s gold, copper and natural gas exports eased.

The trade surplus narrowed to $679 million from $1.3 billion surplus a year earlier, the national statistics agency said in an e-mailed report today. Exports fell 16 percent while imports contracted 3.1 percent, led by a 59 percent drop in crude oil imports, the agency said.

The Andean nation posted a $5.4 billion surplus for the whole of 2012, versus a $9.97 billion surplus in 2011, as exports fell 1.7 percent to $45.2 billion and imports rose 12 percent to $39.8 billion. The U.S. took 17 percent of Peru’s shipments overseas, followed by China and Spain.

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

To contact the editor responsible for this story: Andre Soliani at asoliani@bloomberg.net.


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