Tuesday, May 24, 2022

Peru: Manufacturing exports exceeded US$1 billion in January-February 2022

Manufacturing shipments between January and February 2022 totaled US$1.053 billion, an increase of 31.5% over the same period last year (US$800 million) and crossing the US$1 billion mark for the first time in the period, according to the Peruvian Exporters Association (USA). edex) ) reported on Wednesday.

Despite the good results, Edex manufacturing manager Melissa Vallebuona warned that four sectors (textiles, fabrics, metals and various) failed to exceed their maximum volumes compared to previous years.

“While the trend is positive, the goal is to surpass historical figures in each region, ending 2022 with a new record,” explained Vallebuona.

“We believe this goal can be achieved, as the manufacturing process involves skilled labor, particularly in technology and innovation, which creates many jobs,” he said.

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Another favorable aspect, she said, is the current relocation, that is, foreign buyers are now looking for suppliers located closer to production areas, which puts Asian countries on one side, mainly because of the increased costs amid the international crisis and conflict. is growth. Russia and Ukraine.

The best performing sector by FOB amount was chemicals, totaling US$332 million, an increase of 31.9%. In addition, it accounted for 31.6% of the total sales.

The region’s top exported products were sulfuric acid, zinc oxide, undenatured ethyl alcohol, as well as other plates and sheets of propylene polymers, which were mainly shipped to Chile, the United States, Ecuador, Bolivia, and Colombia. .

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The iron and steel industry (US$276 million) contributed 26.2% of manufacturing exports, an increase of 36.8%.

The main destinations for the said shipment were Colombia, United States of America, Bolivia, South Africa and Ecuador.

The most exported products included alloyed zinc, refined copper wire, alloyed iron or steel bars, alloyed raw silver, refined copper sheets and strips, etc.

(END)NDP/CNA/RMB/MVB

Published: 5/4/2022

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