Sunday, February 8, 2009

Peru's Trade Surplus Falls Sharply

Peru's trade surplus more than halved to $3.16 billion in 2008 as worle metal prices fell, the country's central bank announced on Saturday. Peru is the world's second biggest copper producer.

The trade surplus for December 2008 fell sharply to $47 million from $1.02 billion in the corresponding month the previous year. Exports fell to $1.95 billion in December - a fall of over 30% - as mineral exports dropped sharply.

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