Peru's terms of trade saw an average 12% increase last October from the same month in 2016, thus recording the highest rate since March 2011, Central Reserve Bank (BCR) reported Tuesday.
Said expansion was underpinned by higher metal prices on the international market, mainly those of
copper and
zinc.
In this sense, this positive result marked the sixteenth month of continuous growth.
According to the issuing entity,
export prices rose on average 17.6% last October, maintaining the positive rates registered since August thanks to higher prices of
copper (45.2%) and
zinc (47.6%).
Likewise, import prices grew on average 5% in October compared to the similar period last year.
Finally, BCR noted terms of trade index stood at 103.6 in the analyzed month, the highest level since April 2013.
(END) MDV/MDV/JAA/MVB