Total volume exported grew 14.4% in August of 2024

In August of 2024, the total volume exported of goods increased in 14.4% compared to the same month of the last year, due to greater shipments of traditional (15.1%) and non-traditional (13.0%) products. This was informed by the National Institute of Statistics and Informatics (INEI) in the technical report Evolution of exports and imports.

In this result influenced the favorable behavior of traditional exports, by growing up in 15.1%. Driven by the shipments of mining products, that increased in 8.2%, among those were the lead (49.0%), gold (43.2%), iron (34.5%), refined silver (5.8%) and copper (0.1%). As well as, shipments of fishing sector showed a progress of 1,541.70%, due to the increase in the capture of anchovy, that is translated in greater shipments of fishmeal (1,696.30%) ad fish oil (1,149.90%). On the other hand, the real exportations of oil and gas increased in 38.0%, due to the greater volume exported of natural gas (376.0%) and crude petroleum (69.3%).

During the eighth month of the year 2024, the export volume of non-traditional products grew 13.0% compared to the same month of the last year. The positive behavior of the agricultural sector (14.3%) was based in the greater sales of raw cacao (362.1%), other citrus fruits (8.4%), preparations used for feeding animals (6.3%), and the rest of fruits, uncooked or cooked by steaming or boiling in water, frozen (6.2%).

Likewise, the shipments of non-metallic mining sector registered a variation of 45.8%, due to the improvement in the transaction of the volume exported of natural calcium phosphate (59.1%), anthracites (62.9%) and laminated safety glass for automobile, aircrafts and vessels (86.4%).

The volumes exported of the iron and steel sector increased in 28.1%, for the increase in sales of non-alloy zinc (2.9%), refined copper wire (74.6%), and sheets and strips of refined copper of a thickness exceeding 0.15 mm (218.8%).

The textile sector grew in 12.7% as result of the increase of transactions of cotton T-shirts (33.9%), cotton knit shirts (35.9%), fabrics of cotton knit (62.1%) and shirts of synthetic or artificial fibers (156.5%).

In addition, the volumes exported of the chemical sector increased in 6.3%, due to the greater sale of polymer sheets of polypropylene (63.7%), oxide of zinc (0.3%) and plates, sheets, film, foil and strips of polymers of ethylene (41.1%).

During August of 2024, the total imported volume increased in 9.1% compared to the same month of the last year, accumulating two months of consecutive growth. During the period of January – August of 2024, the real imports grew in 5.8%, explained by the main income of capital goods and explained mainly by the greater flow of capital goods and construction materials (7.2%), as well as raw materials and intermediate products (7.8%).

The volume imported of raw materials and intermediate products increased in 15.3% compared to the month of August of 2023. Influenced the greater purchases of raw materials and intermediate products for the industry (19.8%), among those that outstood were the hard yellow corn (70.5%), durum wheat other than for sowing (24.1%), polypropylene in primary forms (19.0%), polyethylene of high density (8.1%), crude soybean oil, (71.9%), and the rest of resins (23.5%).

It also increased the purchases of fuels, lubricants and allied products, with a variation of 7.9%, outstanding the petroleum crude oil (49.0%) and Diesel B5 (50.0%), in addition the purchases of oil-cake and the rest of solid waste of the extraction of soybean oil (43.6%) and minerals fertilizers with a percentage of nitrogen greater or equal to 45%, but lower or equal to 46% (253.6%), among the raw materials and intermediate products for the agriculture.

By fifth month in a row, in August of 2024, the volume imported of capital goods and construction materials grew in 10.4%, mainly due to the increase of purchases of capital goods for the industry (9.0%). Among the most demanded products were the smart phones (51.0%), machines for data processing of weight lower or equal to 10 kg. (19.5%) and static converters (73.9%).

Followed by the transportation equipment (10.2%), driven by the growing domestic demand by ensembled pick-up trucks (59.6%), dumper trucks for off-road use (860.0%) and automobiles for the transportation of more than 16 persons (201.6%).

Similar behavior reported the construction materials (21.4%) and capital goods for agriculture (24.4%). At the level of products outstood tubes and hollow profiles welded of square or rectangular section (74.0%) and iron or non-alloy steel with indentations or ribs (37.9%), among the materials of construction. As well as machines and agriculture, horticulture, silviculture, aviculture and others (674.9%), in the sector of capital goods for agriculture.

During the month under analysis, the import of consumer goods in real terms decreased in 4.5%, due to the contraction in purchases of consumer durable goods (-10.6%). Among the products that registered lower demand were the car assembly (-29.8%), automobiles with combustion piston engine, 4x4 trucks (-37.9%), the rest of vehicles (-27.6%) and gas motor vehicles of cubic capacity lower or equal to 1 000 cc. assembled (-41.1%); as well as electro-thermic devices of domestic use (-1.1%).

Nevertheless, the non-durable consumption goods grew in 0.4% compared to the same month of 2023, due to the greater volume imported of other footwear (22.1%), preparations for washing and for cleaning for retail sale (67.3%), shampoo (33.3%) and raw sugar not containing added flavouring or colouring matter (11.8%).