Peru’s trade balance is expected to reach US$ 830 million this year with the country’s exports rising to US$ 44.23 billion while imports are likely to hit US$ 43.4 billion, it was reported Monday
According to the latest report from consultancy firm Deloitte Peru, the Andean nation’s trade balance is set to post US$ 2.4 billion in 2015, reflecting average exports of US$ 49.04 billion and average imports value at US$ 46.62 billion.
“The figures with show recovery rates will be due to the implementation of new large-scale investment projects in the country’s mining sector,” the report said.
Deloitte Peru’s main partner in the country, Edmundo Beltran, stressed that in order to meet the forecasted target for 2014 and 2015, the Peruvian entrepreneurship should keep investing and creating greater trade opportunities.
Likewise, he expects the Ollanta Humala administration to boost and encourage massive investment by enhancing internal procurement processes and simplifying regulatory standards, among others.
Furthermore, the firm’s senior executive noted that pivotal for Peru’s economy to remain as one of the most dynamic and attractive markets in the region.
Deloitte’s Quarterly Report for Latin America is being carried out from late 2008 and includes macroeconomic data from 18 countries in the region.
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Published: 5/20/2014