Peru’s trade surplus grew by 174 percent between Jan-March 2010

Isabel Guerra

Peru's trade surplus grew by 174 percent between Jan-March 2010Peru’s trade surplus grew by 174% interanual during the first quarter, despite registering a drop in March, reported the Central Reserve Bank, or BCR.

Peru had a favorable trade balance of US # 1.4 billion during the first three months, said BCR’s Manager of Economic Studies, Adrián Armas, according to daily Gestión.

During March, trade surplus dropped to US $299 million, compared to the US $381.4 million registered during of the same month in 2009.

Peruvian exports totaled US $2.67 billion in March 2010, while imports reached US $2.36 million the same month, said Armas.

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