Wednesday, March 29, 2023

250: Peruvian exports fell 11.10% in January

China’s shipments fell 14.79% due to lower copper mining and ship hire.

Peruvian exports in January amounted to US$4,710 million, a figure that represents a drop of 11.10% compared to the value registered in January 2022, due to a decline in mining exports in the said month, according to figures from the Institute for Research and Development of Foreign Trade (Idexcam) of the Lima Chamber of Commerce (CCL) ).

Clearly in January, the value of exports from the mining sector amounted to US$ 2,483 million, an amount that represented a decrease of 14.07% to the same month in 2022. It should be noted that the mining sector represented 52.72% of the total value. exported

In this region, the main product lines exported were copper minerals and their contracts, which amounted to 613,263 thousand tons of US$ 1,176 million, figures that showed the cases of 8.04% and 21.57% respectively.

Vessels Ready For Export In Callao

Gold bars were followed by 21 tons (-33.54%) for US$ 442 million (-24.97%); and zinc ores and their concentrates, 196,678 tons (+43.57%) for US$ 199 million (+22.87%).

agricultural exports

Meanwhile, exports from the non-traditional agricultural sector were reported at US$ 824 million, which shows an increase of 6.71% compared to the same month of the previous year. Shipments from this area represented 17.48% of the total export value.

The most exported products in this area are fresh grapes with 126,463 tons (-9.82%) for US$ 335 million (-0.86%); then fresh scabies, 73,546 tons (+2.80%) for US$ 77 million (-1.68%); fresh blueberries, 15,031 tons (+20.71%) for US$ 73 million (+3.98%); and fresh asparagus, 10,893 tons (+12.84%) for US$ 35 million (+31.68%), reported Idexcam.

oil exports

Likewise, another sector that had its own weight in the total value of exports was the oil and natural gas sector with a participation of 9.12%; added US$ 430 million, a figure that represented a 31.60% fall.

This result is mainly due to lower liquefied natural gas shipments, 355,791 tons (-16.32%), for US$ 255 million (-38.74%).

the main market

On the other hand, among the ten main export destinations, there are the following: China with US$ 1,478 million (-14.79%); United States, US$ 831 million (+6.82%); South Korea, US$ 231 million (+31.30%); Canada, US$ 214 million (+21.83%); Japan, US $193 million (-45.37%); Chile, US $187 million (+36.80%); Brazil, US $139 million (+47.87%); United Kingdom, US $137 million (-28.55%); Spain, US $130 million (+25.44%); and in the Netherlands US$ 118 million (1.43%).

During the analysis period, six of the ten main export destinations reported a positive effect: the United States, South Korea, Canada, Chile, Brazil and Spain, according to Idexca.

In China, the fall will be mainly due to the transportation of copper mines and lower contracts, with 477,904 tons (-9.44%) for US$ 910 million (-23.51%).

On the other hand, the main product lines exported to the United States were: fresh grapes 75,494 tons (+4.60%) for US$ 209 million (+13.67%); gold bars, 6 tons (-52.71%) for US$ 65 million (+5.37%); and molybdenum minerals and their contracts, 1,619 tons (+1.83%) for US$ 42 million (+40.53%).

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