Export Revenue Declines Sharply For Third Straight Month

Peruvian exports totaled $3.6 billion in June, a 14 percent drop from the same month in 2011, the government said Tuesday.

June is the third-consecutive month that exports have fallen sharply, largely due to a decrease in metal prices. The fall in metal prices in the second quarter of this year, compared to the year-ago period, has been due to a slowdown in the global economy and a lower demand for the minerals.

Peru’s traditional exports, which are mainly minerals, fell 21 percent in June to $2.7 billion, the Foreign Trade and Tourism Ministry said.

Non-traditional exports, meanwhile, rose 13 percent in the month to $903 million.

In the first semester of 2012, Peru’s exports were up slightly at $21.8 billion, with traditional exports totaling $16.6 billion, down 3 percent, and non-traditional exports totaling $5.2 billion, up 12 percent.

Peru’s exports came in at $46.3 billion in 2011, up 29 percent from $35.8 billion.

Sharing is caring!

Leave a Reply

Your email address will not be published. Required fields are marked *