Export Volume Of Non-Traditional Products Increased 7.6% In May Of The Current Year

In May de 2022, the export volume of traditional products increased in 7.6% compared with the same month of the last year; in the result of the month under analysis, the sectors that had greater impact were: non-metallic mining sectors (with a variation of 60.3%), textile (23,6%), iron-steel industries (23.2%), agricultural (3.2%) and metal-mechanic (16.8%); this was informed by the National Institute of Statistics and Informatics (INEI), in the Technical report Evolution of Exports and Imports.

The exports of non-metallic mining sector increased due to greater shipments of natural calcium phosphate (43.6%), laminated safety glass for automobile, aircrafts, ships or others (267.3%), anthracites (573.6%) and ceramic tiles with a coefficient of water absorption higher than 0.5% (5.1%). In the case of the shipments of textile sector outstands the greater sales of cotton T-shirts (16.9%), cotton knit shirts (44.6%), knit T-shirts and undershirts of other textile material (19.0%) and knit shirts of other materials (58.7%), among the main ones.

The positive behavior of iron-steel sector was supported in greater transactions of copper refined wire with transversal section greater than 6 mm (32.1%) and iron bar or non-alloy steel grooved and with strands (110.8%), among others. Also, the shipments of agricultural sector increased due to greater export of mangos and mangosteens (23.0%), preparations used for animal feeding (16.1%), among others.

During the month under study, the export volume of traditional products drop 43.9% explained by the lower production of mining sector (-49.9%) and fishing sector (-66.7%).

Likewise, the INEI informed that the total export volume of goods decreased in 30.0% due to lower shipments of traditional products (-43.9%). In nominal terms, the total value of exports (US$ 3 696.8 million) was reduced in 23.2% as a result of lower prices of iron, silver and copper.

During the month under analysis, imports decreased in 7.3% compared to the same month of the last year. Same trend showed this indicator, during the period January-May 2022, the import volume registered a drop of 2.4% due to the lower income to our territory of consumption goods (-7.8%), as well as capital goods and construction materials (-7.6%).

During the fifth month of the current year, the import of consumer goods decreased in 10.3% before the reduction in the volume of purchase of consumer durables (-23.1%).

Among the durable consumption, goods that presented lower demand were automobiles (-18.6%), televisions (-23.0%), plastic manufacturing (-27.0%), motorcycles (-50.8%), refrigerator and freezer of separated exterior doors (-31.7%), electro thermic appliances of domestic use (-3.0%), gas cooker or other fuels, except from the built-in appliances (-40.5%), among others. Nevertheless, it increased the import of non-durable consumption goods by reporting greater landings of medicines for human consumption (27.1%), other footwear (29.4%), tennis, basketball and gymnastics footwear (196.5%), and shampoos (16.0%), among the main ones.

In May of this year, the import volume of raw material and intermediate products increased in 0.3% due to higher demands of raw materials and intermediate products for industry (0.9%) and fuels, lubricants and allied products (0.4%).

Underscored the greater import volumes of hard yellow corn (44.0%), wheat except for sowing (18.0%), hot laminated or extruded Steel rods (8.1%) and potassium nitrate (203.3%) in the result of raw materials and intermediate products for industry. Among the fuels, lubricants and allied products that reported positive results were Diesel B5 (1.1%) and Diesel B2 (70.6%) with Sulphur content lower or equal to 50 ppm, liquefied propane gas (64.6%), among others.

On the other hand, the lower import volumes of oil cakes and solid residues of the soy oil extraction (-12.5%) impact in the negative result of raw materials and intermediate products for agriculture (-5.4%).

During the month under study, the import volume of capital goods and construction materials drop in 16.5%, the same result was reported in the areas capital goods for industry (-14.4%), transportation equipment (-22.4%), construction materials (-13.2%) and capital goods for agriculture (-27.7%). Among the capital goods for industry that showed unfavorable behaviors were the machines for data processing of weight lower or equal to 10 kg (-70.4%) and machines that performs two or more functions: printing, copy or fax (-5.8%).

Same trend, showed trucks (-58.5%), dumper trucks to be use outside of the road network (-32.0%) and the tires used in buses or trucks (-27.9%) were the products that affect in the fall of import of transportation equipment (-22.4%). In addition, there was a lower import in construction and its parts of iron or steel casting (-47.8%) and non-reinforced glasses of thickness lower or equal to 6 mm (-45.0%) among the construction materials. Finally, it fall the import of Caterpillar tractors of power higher than 75 kW and lower or equal to 130 kW (-24.2%) causing a decrease of capital goods for agriculture.