Peru August Trade Surplus Narrows on Metal Price Decline

Peru’s trade surplus narrowed in August as copper, gold and coffee prices declined and imports rose to a record.

The country had a trade surplus of $48 million in August, compared with a $1.27 billion surplus a year earlier and a revised $16 million surplus the previous month, the country’s statistics agency said in an e-mailed report today.

Exports dropped 20 percent to $3.71 billion from the same month of 2011, the steepest decline this year, the agency said. Imports rose 9.3 percent to $3.66 billion, led by capital goods for the mining and energy industry, fuel, televisions and cars.

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