Total volume exported increased 21.4% in November of 2024 driven by shipments of mining products

In November of 2024, the total volume exported of goods grew 21.4%, compared to the same month of 2023 and turned into the real value of the highest total exports of that year. This positive performance was due to greater shipments of traditional (23.0%) and non-traditional (18,1%) products.

The National Institute of Statistics and Informatics (INEI), in the technical report Evolution of Exports and Imports, outstood the growth of exports of mining sector (23.4%), mainly of copper (14.2%) and lead (133.6%), among others. In addition, the shipments of gold (32.1%), zinc (29.1%), iron (8.4%) and refined silver (72.0%) showed a positive behavior.

Likewise, petroleum and natural gas sectors (28.9%) showed progresses, result that was based in the progress of crude oil (151.4%), petroleum-based products (2.4%) and natural gas (36.7%).

In the fishing sector, it outstood the shipments of fish oil (435%), meanwhile it decreased the shipments of fishmeal (-1.1%). On the other hand, the agricultural sector decreased by 16.9%, due to the lower sale of coffee (-33.2%).

In November of 2024, the export volume of non-traditional products increased by 18.1%, compared to the same month of 2023. This result was based in the positive evolution of the agricultural, iron and steel industries, chemical and textile sectors.

The growing behavior in the volumes exported of the agricultural sector (26.7%) were explained by the greater sales of blueberries (35.2%), fresh grapes (7.7%), mangos and mangosteens (217.1%) and crude cacao (20.0%).

The shipments of iron and steel industries sector increased by 47.1%, explained by the improve in the transaction of refined copper wire (26.5%), non-alloy zinc (16.0%), other sheets and strips of refined copper of a thickness exceeding of 0.15 mm (297.3%) and non-alloy iron or steel rods with indentations and ribs (56.7%).

The volumes exported of the chemical sector increased by 5.0%, due to the increase in the sale of zinc oxide (21.4%), sheets of polymers of polypropylene (40.5%) and cochineal carmine (43.2%).

The textile sector grew by 3.6%, based in the greater transactions of cotton T-shirts (10.3%), cotton knit shirts (25.4%) and knitted cotton fabric (20.1%).

On the other hand, registered an unfavorable performance the volume exported of the following sector: fishing (-23.6%), non-metallic mining (-19,3%) and metal-mechanic (-3.4%).

During November of 2024, the total imported volume increased by 21.9%, compared to the same month of 2023. With the month of November, this indicator added five months of continuous growth.

From January to November of 2024, the real imports grew by 7.0% compared to the same period of the last year, mainly due to the greater income of capital goods and construction (8.9%), as well as raw materials and intermediate products (7.5%).

The INEI informed that the import of consumer goods increased by 18.9% compared to the value reached in November of 2023, due to the increase in the purchases of non-durable (14.1%) and durable (26.2%) consumer goods.

Non-durable consumer goods that most outstanding were the other footwear (27.0%), different toys (20.3%), milk and granulated or solid concentrated cream (50.5%) and preparations for washing and cleaning for retail sale (72.1%). Also, followed by the televisions (109.8%), automobiles with piston engine, 4x4 trucks (19.7%), plastic manufacture products (56.1%) and the rest of vehicles (40.9%), among the goods of durable consumption.

During November of 2024, the volume imported of raw material and intermediate products was higher in 27.3% than the level registered during the month of November of 2023, explained by the greater purchases of fuels, lubricants and imported related products (41.1%), raw materials and intermediate products for the industry (24.2%) and agriculture (2,7%).

Among the fuels, lubricants and imported related products it outstood the crude oil from petroleum (140.9%) and Diesel B5 (35.2%). Likewise, among the raw materials and intermediate products for the industry most in demand were: the hard yellow corn (18.3%), waste and scrap of iron or steel (36.7%), polypropylene in primary forms (55.8%) and durum wheat for sowing (32.5%). Followed of preparations for animal feeding (8.5%) and mineral fertilizers with a percentage of nitrogen higher or equal to 45% but lower or equal to 46% in weight (55.8%), among the raw materials and intermediate products for agriculture.

During the month under analysis, the volume imported of capital goods and construction materials grew by 16.8% compared to the volume registered in November of 2023, driven by the greater purchases in its different uses and economic destinations.

The capital goods for the industry registered a variation of 19.9% in the import volumes, by the increase in the acquisitions of smart phones (23.2%), machines for data processing of a weigh of 10 Kg or less (50.5%) and devices of digital telecommunication or carrier current (10.1%).

The volume imported of transportation equipment increased 6.1%, at the level of products outstood the assembled pick-up trucks (18.3%), pneumatics used in vehicles and machines for construction and mining (23.6%), as well as radials for autobuses or trucks (31.5%).

The same behavior showed the construction materials (26.1%), in particular, the plates and ceramic tiles (9.3%), and tubes and welded hollow profiles of square and rectangular section (51.5%). As well as crawler tractors (71.9%) and parts of machines or devices for the poultry farming (231.1%), among the capital goods for agriculture.