Export volume of goods grew 7.4% in September of 2024

In September of 2024, the total volume exported of goods increased in 7.4% compared to the same month of 2023. This positive result was explained by the greater shipments of traditional (2.7%) and non-traditional (21.0%) products according to the detailed in the technical report Evolution of Exports and Imports prepared by the National Institute of Statistics and Informatics (INEI).

Total export volume of traditional products increased 2.7% compared to the same month of the last year, driven by the shipments of fishing products (38.8%), followed by agricultural products (29.3%), as well as petroleum and natural gas (21.7%).

In September of 2024, the export volume of fishing traditional products slowed down and went from a rate of 4 digits to a rate of 2 digits (38.8%). Exports of fish meal grew by 0.4% and fish oil grew in 235.1%. Likewise, the agriculture export volume expanded by 29.3% before the greater sale of coffee (29.4%).

In addition, the real exports of petroleum and gas increased by 21.7% due to the greater volume exported of natural gas (71.8%) and crude oil (194.7%). Nevertheless, the oil derivatives decreased (-24.5%).

Meanwhile, the export volume of mining slightly decreased in 0.2% compared to the level registered in September of 2023, associated to the lower shipments of copper (-13.5%) and iron (-5.1%). Meanwhile, gold (31.7%), lead (34.3%), zinc (17.2%), refined silver (6.3%) and tin (2.1%) shipments increased.

During the month under analysis, the export volume of non-traditional products expanded by 21.0% compared to the same month of the year 2023. The export volumes of agricultural sector grew 30.0%, due to the greater sales of blueberries (42.3%), raw cacao (215.2%), avocados (18.0%), fresh and frozen asparagus (8.3%) and the rest of citrus fruits (8.3%).

In addition, the metal-mechanic sector increased by 63.6% due to the improve in transactions of well-drilling machines, self-propelled (423.6%) and parts of machines to classify, grind, soil, stone or solid mineral (38.3%).

The export volumes of chemical sector increased by 12.7% explained by the increase in sales of plates of polypropylene polymers sheets (76.4%), zinc oxide (6.2%), and plates, sheets, films and strips of polymers of ethylene (7.6%).

The export of the textile sector grew by 14.3%, explained by the greater transactions of cotton T-shirts (55.1%), cotton knit shirts (20.8%), knitted cotton fabrics (20.1%) and fine carded or combed alpaca or llama hair (4.6%).

In addition, the export volumes of fishing sector increased by 16.5%, favoured by the greater sale of frozen horse mackerel, excluding livers, roes and milt (582.3%), other decapods and molluscs (351.6%), as well as preserved fish (83.8%).

In September of 2024, the total import volume increased by 2.1% compared to the same month of the last year, counting three months of consecutive growth. On the other hand, among the months of January and September of 2024, the imports grew by 5.5% compared to the same period of the last year, mainly due to the greater income of capital goods and construction materials (7.8%) and raw materials and intermediate products (6.4%).

The technical report Evolution of Exports and Imports also stated that the import of consumer goods increased by 4.9% compared with the value reached in September 2023, associated to purchases of non-durable (6.9%) and durable (2.0%) consumption goods.

Non-durable consumption goods that most outstood were the other footwear (36.6%), beauty or make-up preparations and skincare (8.7%), medicines intended to oncologic or HIV treatment for retail sale (55,1%), footwear with the upper part of rubber or plastic (25.0%), and preparations to wash and for cleaning for retail sale (39.3%).

Among the durable consumption goods were televisions (39.8%), automobiles with piston engine 4x4 trucks (16.9%), plastic manufactures (25.1%) and motorcycles and velocipedes with piston engine (17.8%).

By sixth consecutive month, in September of 2024, the import volume of capital goods and construction materials grew by 12.2% compared to the volume registered during September 2023. This progress as based in the purchase of transportation equipment (31.5%). This as the case of dumper trucks for off-road use (169.3%), outstanding the pneumatics used in vehicles and machines for construction and mining (95.5%).

Capital goods for the industry reported a variation of 6.2% in the import volumes, due to the increase of purchases of Smart phones (27.9%), machine parts and devices of the tariff headings 8426, 8429 or 8430 (27.4%) and parts of devices for reception, conversion and transmission or regeneration of voice, image or others (13.5%). The same behavior showed the capital goods for agriculture, at the level of products were the caterpillar tractors (12.9%).

The import volume of raw material and intermediate products decreased by 5.3% compared to the same month of the last year, explained by the lower purchases of fuels, lubricants and allied products (-24.7%), among them, crude oil of petroleum (-3.4%), diesel B5 (-17.1%) and diesel B2 (-49.9%).

On the other hand, the imports of raw materials and intermediate products for agriculture (10.1%) and industry (4.9%) registered a positive performance. Outstanding the oil cakes and the rest of solid residues of the extraction of oil soy (12.6%), mineral fertilizers with a percentage of nitrogen higher or equal to 45% but lower of equal to 46% (91.0%), and ammonium sulphate (30.0%), among the products aimed to agriculture.

The same trend followed the waste and scrap of iron or steel (290.5%), hard yellow corn (55.2%), rough and ready soy oil (265.4%), polypropylene in primary forms (29,9%), polyethylene of high density (54.3%) and low density (13.8%), among the products aimed to the industry.