Total volume exported grew 19.8% in July of 2024 driven by greater shipments of traditional products

Through the technical report Evolution of Exports and Imports, the National Institute of Statistics and Informatics (INEI) informed that in July of the current year, the total volume exported of goods grew 19.8% compared to the same month of 2023, due to the greater shipments of traditional products (16.5%).

In that regard, it stated that there were reported the greater shipments of fishing products (1,747.90%), that been favored by the greater extraction of anchovy destined to the preparation of fishmeal (2,054.60%) and fish oil (874.7%). Likewise, the sale of mining products increased (7.0%), such as lead (70.2%), gold (53.5%), iron (20.4%), refined silver (14.2%) and tin (5.7%). Meanwhile, the export of copper reduced (-7.5%).

The INEI also informed that grew the exports of oil and natural gas in 13.7%. Among those that outstood were: the petroleum base products (21.2%) and crude oil (32.1%). Nevertheless, natural gas reduced (-5.3%)

The volume exported of non-traditional products increased in 28.8% in July of 2024, compared to the same month of the last year. The agricultural sector grew in 40.6%, due to the greater sales of avocados (26.4%), raw cacao (562.9%), other citrus fruit (95.4%) and uncooked or cocked fruits by stemming or boiling water, frozen (42.2%).

The shipments of the textile sector registered a variation of 9.8%, due to the improvement in the transaction of the exported volume of cotton T-shirts (24.4%) and shirts of knitted cotton (2.1%). Likewise, the volumes exported of the fishing sector registered a progress of 29.3%, due to the increase in the sales of mussels and frozen scallops (31.4%), as well as canned fish (109.2%).

The chemical sector grew in 30.4% driven by the greater shipments of undenatured ethyl alcohol with alcoholic strength higher or equal to 80% (839.7%), zinc oxide (4.0%) and photopolymer plates of polypropylene (92.6%). In addition, the volumes exported of the iron and steel sector increased in 27.5%, due to the greater sale of non-alloy zinc (26.2%) and wire of refined copper (125.8%), among others.

In July of 2024, the imports increased in 13.6% with the same month of the year 2023, reaching the highest rate so far this year.

From January to July of this year, the imports grew in 5.3% compared to the same period of the last year, due mainly to the greater income of capital goods and construction materials (6.7%), and raw materials and intermediate products (6.6%).

During the seventh month of the current year, the volume imported of raw material and intermediate products increased 15.8% compared to the same month of 2023. In this performance contributed the greater purchases of raw materials and intermediate products for the industry (14.4%), including the following items: hard yellow corn (20.7%), waste and scrap of iron or steel (34,8%), polypropylene in primary forms (8.8%) and polyethylene of high density (5.4%).

Likewise, the purchase of raw materials and intermediate products for agriculture increased (94.4%), such as oil-cakes and other solid wastes from the extraction of the soy bean oil (151.6%), diammonium hydrogenorthophosphate or diammonium phosphate (118.9%) and mineral fertilizers with a percentage of nitrogen higher or equal to 45%, but lower or equal to 46% in weight (320.0%). It increased also the purchases of petroleum oil (61.8%) and liquefied propane gas, (97.7%), among the fuels, lubricants and allied products (9.4%).

For fourth month in a row registered a positive behavior, in July of 2024, the volume imported of capital goods and construction materials grew 15.0% compare to the volume observed in July 2023. This result was based in the greater purchases of capital goods for the industry (18.5%). Among the most demanded products were the smart phones (61.1%), machines for data processing of lower or equal weight to 10 kg (26.5%) and gantry cranes (232.0%).

The same behavior reported the volumes imported of construction materials (35.0%), among them it outstood the tubes and hollow profiles welded of square or rectangular section (202.4%), as well as the constructions and its parts of iron or steel (60.0%). In addition, the transactions of capital goods for agriculture grew (16.9%), in particular other machines and devices for agriculture, horticulture, silviculture, poultry and others (674.9%).

With regard to the transportation equipment, the volumes imported had a slight positive variation of 0.1% compared to the same month of 2023. Among the goods that registered the greater demand were: ensembled pick-up trucks (5.3%), road tractors for semi-trailers (11.3%) and automobiles for the transportation of more than 16 persons (79.1%).

The INEI informed that the import of consumption goods increased 7.3% compared to the value reached in July of 2023, before the recovery in the volumes imported of non-durable consumption goods (7.9%) and durable consumption goods (6.4%).

Among the non-durable consumption goods with greater sales were the medicines for human use (25.1%), other footwear (11.5%), preparation of beauty, make-up and skin-care articles (23.0%), preparations for washing and for cleaning for the retail sale (20.9%) and shampoos (43.5%). In addition, the acquisition of other vehicles (62.0%), motorcycles and velocipedes with piston engine (40.7%), combination of refrigerator and freezer with separated exterior doors (55.3%), among the goods of durable consumption.