Peru Exports to Slip 1% This Year on Metal Prices, Gestion Says

Peru’s government expects exports to decline 1 percent to $45.8 billion this year, Gestion reported, citing Trade Minister Jose Silva.

Commodity exports probably will decline on lower copper, zinc and tin prices while non-commodity exports are projected to rise, the Lima-based newspaper said, citing Silva’s comments before a Congressional panel yesterday.

The government initially had forecast exports would rise to $49.3 billion this year from $46.3 billion in 2011, Gestion said.

To contact the reporters on this story: John Quigley in Lima at jquigley8@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net

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