RIO DE JANEIRO, BRAZIL – Peruvian exports decreased by 5.5% in January 2022 compared to the same period in 2021. This is due to lower volumes in the mining sector, which was affected by social conflicts that led to the suspension of production in several mines and transportation in land corridors, according to the Center for World Economic and Business Research of the Association of Exporters (CIEN-ADEX).
Nevertheless, US$4.1287 billion were shipped abroad, with traditional shipments amounting to US$2.6447 billion , a decrease of 14.5%; mining amounted to US$1.8424 billion, registering a decrease of 27.7% (copper remained the main export product despite a 26.2% decrease in sales); and fisheries achieved US$194.4 million, a decrease of 2.3%, as less fishmeal was shipped.
Read also: Check out our coverage on Peru
Exports of hydrocarbons amounted to US$468.9 million in January 2022, registering a positive change of 52.7% (liquefied natural gas was the main item), while traditional agriculture (US$139.1 million) registered an increase of 257.6%. Decaffeinated coffee ranked first.
VALUE ADDED
On the other hand, non-traditional exports – US$1.484 billion- reached a new historical monthly record with an increase of 16.3%, with sectors such as agro-industry, chemical industry, fisheries and aquaculture achieving positive results and also setting unprecedented records.
The agro-industry leads the non-traditional sector with US$800.9 and a development of 8.5%, with fresh grapes (8.2%) playing a prominent role. The chemical industry (US$156.8 million) increased by 25%, fishing and aquaculture (US$126.1 million) by 30.3%, iron and steel (US$125.2 million) by 31.3%, garment (US$94.8 million) by 34.5% and non-metallic mining (US$61.1 million) by 29.1%.
Similarly, metal mechanics (US$39.4 million) 9.7%, textiles (US$37.6 million) 23.7%, wood (US$9.6 million) 32.3% and “other” (US$32.6 million) 10.9%.
The CIEN-ADEX export report shows the decrease in products (from 2,043 to 1,982) and markets (from 166 to 153) compared between January 2021 and the same month in 2022. The number of companies increased from 2,972 to 3,036.
MARKETS
By country, China and the United States led the way, together accounting for 46% of the total. The Asian destination was the most demanded commodity with US$1.138,8 billion, even if it reduced its demand by 10.9%.
At the same time, exports to the United States increased by 30.6% with US$764 million. The largest item was grapes (US$196.4 million) and the most dynamic was decaffeinated coffee (303.4% increase).
Other countries included Japan (US$272.4 million), India (US$189.6 million), the United Kingdom (US$175.4 million), Switzerland (US$169 million), Canada (US$147.4 million) and the Netherlands (US$135 million).
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