Peru: Terms of trade up 9.2% in April 2018

Peru: Terms of trade up 9.2% in April 2018

Peru’s terms of trade saw an average 9.2% increase last April from the same period in 2017, marking 22 months of sustained growth, Central Reserve Bank (BCR) informed Wednesday.

This expansion was underpinned by higher metal prices, mainly those of copper, gold, zinc, and oil derivatives.

According to BCR, Peruvian export prices grew on average 17.4% in the fourth month, thus maintaining the positive rates registered since August 2016.

In addition, import prices rose 7.5% compared to the similar month the previous year.

Lastly, the State-run organization pointed out terms of trade index stood at 102 in the analyzed period.