Total Import Volume Grew 1.0% In April 2022

In April 2022, the total import volume of goods grew in 1.0% compared with the same month of the last year, boosted by the greater acquisition of raw materials and intermediate products (8.2%); meanwhile it decreased the acquisition of consumption goods (-7.7%) and capital goods and construction material (-4.2%). This was informed by the National Institute of Statistics and Informatics (INEI), in the technical report Evolution of Exports and Imports.

 

Also, informed that between the months of January to April 2022, the volume imported decreased in 1.1% due to lower income to our territory of consumption goods (-7.3%) and capital goods and construction materials (-5.2%).

 

During the month under analysis, the volume imported of raw material and intermediate products increased in 8.2% compared to the same month of the last year, due to higher demand of raw materials and intermediate products for the industry (3.6%) and fuels, lubricants and allied products (22.2%).

 

In this way, it outstanding the larger imported volumes of polyethylene of high density (3.0%), laminated and hot-extruded steel rods (120.6%), vinyl polychloride not-mixed with other substances (66.6%) and beans except for sowing (356.3%) that positively affect in the result of raw materials and intermediate products for the industry. Among the fuels, lubricants and allied products that reported positive results were crude oil (17.2%), Diesel B5 (32.0%) and B2 (26.3%), among others.

 

On the other hand, lower imported volumes of oil-cake and solid residues of soybean extraction (-1.2%) influenced in the negative result of raw materials and intermediate products for agriculture (-9.0%).

 

During the month under study, the import of Consumption Goods in real terms from the registered in 2007 declined by 7.7% compared to the same month of the year 2021,due to the lower volume of purchase of consumer durable goods (-9.6%) and non-durable goods (-6.2%).

 

Consumer durable goods that registered lower demand were automobiles (-17.3%), motorcycles (-39.8%), refrigerator and freezer of separated exterior doors (-24.3%), plastic products (-8.8%) and gas cookers or other fuels, except from those built-in cookers (-39.1%). Likewise, non-durable goods with lower landings were medicines for human use (-13.3%), milk and concentrated cream in powder, granulated or solid (-55.6%), anhydrous milkfat (-19.1%) and prepared foods not elsewhere included (-14.8%), among others.

 

The INEI informed that the volume imported of capital goods and construction materials decreased in 4.2%, the same result was reported in the area of capital goods for the industry (-4.0%) and construction materials (-23.3%). Among the capital goods for industry that showed unfavorable results were also the digital telecommunication devices (-21.9%), power shovels, bulldozers, wheel loaders and loader shovels (-11.2%), machines which super-structure could make a turn of 360° (-19.8%), machines that are able to perform two or more functions: printing, copy or fax (-4.5%). In addition, there was lower import in iron or unalloyed bars with grooves and laces (-55.8%), ceramic tiles with a water absorption coefficient lower or equal to 0.5% (-19.4%) and ceramic tiles with a water absorption coefficient higher than 0.5% (-17.5%) among other construction materials.

 

During the month of study, the total export volume decreased in 20.5% compared to the same month of the last year, registering five months of negative behavior. This result was originated by the lower shipments of traditional products (-28.6%); meanwhile the shipments of non-traditional products increased in 0.4%.

 

Even more, during the period January-April 2022, the total export volume decreased 12.7%. Traditional products placed under the level reached in the same period of the last year (-21.7%); mainly due to the lower shipment performed by the mining (-32.1%) and fishing (-18.6%) sector. On the other hand, non-traditional products increased in 9.7% such as the agriculture (8.6%), textile (15.3%), fishing (1.5%), chemical (7.0%), metal-mechanic (11.5%), iron and steel (11,7%) and non-metallic mining (27,4%) sector.

The real value of traditional exports drop 28.6% due to the results of mining sector in -35.6% due to lower shipments of copper (-32.9%), gold (-14.4%), lead (-19.0%) and zinc (-61.8%). Same trend showed the shipments of fishing products in -47.3% due to lower shipments of fishmeal (-53.8%).

 

Nevertheless, it increased the export of agricultural products in 84.1% mainly driven by coffee shipments (138.3%). Also grew shipments of real oil exports and natural gas that increased in 113.0%, reflected in higher export volumes of natural gas (367.5%) and petroleum products (35.2%).

 

During April 2022, export volume of non-traditional products increased in 0.4%, result in which outstands the contribution of agriculture (4.8%), textile (20.0%) and non-metallic mining (21.0%) sectors.

 

The exports of agricultural sector reported a growth of 4.8% supported by the greater shipments of mangos and mangosteens (17.1%), fresh fruits (1.9%), preparations used for animal feeding (8.3%), fresh grapes (737.5%), among others. Also increased the export volumes of textile sector in 20.0%, explained by the greater sale of cotton T-shirts  (35.2%), cotton knit shirts (54.0%), another textile material T-shirts and shirts (5.9%) and cotton knit fabrics (127.7%). Also, non-metallic mining sector increased in 21.0% supported in the higher transactions of natural calcium phosphate (33.5%) and laminated safety glass for automobiles, aircrafts, vessels and others (281,7%).