Peru: Exports might have totaled US$30.890 billion as of June 2023

Peru: Exports might have totaled US$30.890 billion as of June 2023

LIMA, Aug 7 (NNN-ANDINA) — During the first half of 2023, Peruvian exports amounted to US$30.890 billion, a slight decrease of 1.5% compared to the same period in 2022, according to the Lima Chamber of Commerce (CCL).

The guild specified that this slight drop was partly due to lower shipments from the oil and natural gas sector, which accounted for 7.4% of the total exported value during the analyzed period.

This was mainly because the amount corresponding to liquefied natural gas has decreased over recent months. Thus, it specifically totaled US$2.289 billion (-37.7%).

The institution announced that other sectors which experience decreases were: chemical (-15.9%), traditional fishing (-28.5%), textile and garment (-13%), as well as iron and steel (-12.1%).

However, our main export sector (mining) accumulated 61.1% (share) with respect to the total exported value. Similarly, it amounted to US$18.865 billion, proving a recovery of 7% compared to the figure registered in 2022.

After analyzing the results registered in this sector, it was established that the most exported product line was made up of copper ores and concentrates, with 4,824,171 tons (26.5%) and a value of US$9.788 billion (19.8%).

This growth was largely influenced by the demand from China —a country that represented a share of 76% among buyers.

Another sector relevant for Peruvian exports was non-traditional agriculture, whose share was 12.1%, since the exported value totaled US$3.722 billion, evidencing a growth of 6%,” it said.

“Among the main product lines from this sector, shipments of fresh grapes stood out, with 279,144 tons (14.5%) worth US$667 million (15.8%); fresh avocados, 364,624 tons (18.7%) worth US$618 million (27.7%); fresh mangoes, 179,926 tons (6.4%) worth US$207 million (0.5%); and fresh blueberries, 35,824 tons (41.4%) worth US$185 million (26.5%),” CCL’s Foreign Trade Research and Development Institute (Idexcam) Chief Oscar Quiñonez specified.

He said that among the main export destinations were China, US$11.337 billion (10.7%); the United States, US$4.148 billion (4.7%); Canada, US$1.324 billion (2.8%); South Korea, US$1.307 billion (-23.7%); Japan, US$1.290 billion (-20.1%); Chile, US$1.006 billion (3.3%); Brazil, US$951 million (20.8%); Spain, US$947 million (13.3%); India, US$930 million (-26.1%); and the Netherlands, US$778 million (6.6%).

According to Idexcam, China was also the main destination for traditional exports, as products such as copper ores and concentrates stood out, with 3,661,047 tons (25.5%) worth US$7.417 billion (19.8%).

Similarly, iron ores and concentrates, 8,070,983 tons (-13.9%) worth US$704 million (-26.1%); and fishmeal, 335,301 tons (-31.1%) worth US$566 million (-26.7%) were registered.

Finally, Idexcam stressed that growth in shipments to the U.S. was partly due to exports of gold bars, 81 tons (9.2%) worth US$598 million (29.6%); refined copper cathodes, 45,653 tons (59.7%) worth US$398 million; and fresh grapes, 137,421 tons (19%) worth US$327 million (15.4%). — NNN-ANDINA

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