Export volume of traditional products increased 20.4% in July of 2023

In July of 2023, the volume of the traditional exports grew by 20.4%, compared to the same month of the last year, explained by the progress of the mining activity (28.8%); this was informed by the National Institute of Statistics and Informatics (INEI), in the technical report Evolution of exports and imports.

Contributed to this performance the greater shipments of copper (38.8%), mainly to China that got the 73.4% of the total volume exported with a variation of 23.5%.

Additionally, the zinc (37.2%), gold (6.3%), lead (8.1%), molybdenum (10.0%) and iron (3.5%) production increased; as well as the sale of oil and natural gas (26.1%). On the other hand, the sale of traditional fishing products decreased by 91.9%, associated to lower shipments of fishmeal (-93.2%) and fish oil (-82.5%); as well as the lower volume exported of agricultural products in -17.5%, before the decrease of the sale of coffee (-24.2%).

The total volume exported of goods increased by 10.6%, compared to the same month of 2022, due to the greater shipments of traditional products (20.4%). On the other hand, the export volume of non-traditional products decreased by 10.0% influenced by the agricultural (-8.1%), chemical (-22.1%), textile (-13.5%), fishing (-17.7%), non-metallic mining (-11.3%) and metal mechanic (-1.0%) sectors.

The total imported volume reduced by 9.2%, compared to the same month of the last year. During the period of January-July of 2023, the volume imported reduced by 4.4% associated to the lower entry of raw materials and intermediate products (-6.8%), as well as capital goods and construction materials (-3.8%).

During the month under analysis, the import of consumption goods contracted by 13.8% compared to July of the year 2022, before the lower level of purchases of durable consumption goods (-21.5%) and non-durable consumer goods (-7.4%).

Among the durable consumption, goods that showed the lower demand were automobiles (-36.7%), motorcycles (-18.7%), TVs (-22.5%), tableware of plastic (-7.5%), among others. In the case of non-durable products are the medications for human use (-6.8%), footwear of textile material and rubber or plastic sole (-15.2%) and toys (-9.7%).

The INEI informed that the volume imported of raw material and intermediate products decreased by 10.4%, before the lower demand of raw materials and intermediate products for the industry (-17.9%) and raw materials and intermediate products for the agriculture (-48.9%).

In the negative behavior of the volume of purchase of raw materials and intermediate products for the industry influenced the lower demand of wheat except for sowing (-6.6%), waste and scrap of iron or steel (-46.4%), crude soybean oil (-2.8%), polypropylene in primary forms (-36.4%) and polyethylene of high density (-5.8%), among the main ones.

In addition, the reduced acquisition of raw material and intermediate products acquisition for the agriculture was determined by the lower transactions of oil cake and solid residues of the extraction of soybean oil (-53.9%), preparation used for feeding animals (-11.9%), mineral or chemical fertilizers (-52.9%), among others.

The volume imported of capital goods and construction materials reduced by 3.7%, associated to negative variations in the activities of capital goods for the industry (-2.2%), transportation equipment (-3.5%), construction materials (-9.4%) and capital goods for agriculture (-37.1%).

The capital goods for industry that showed negative results were the smartphones (-27.8%); machines for data processing of weight below or equal to 10 kg (-22.5%); parts of machines to classify, grind earth or solid mineral (-7.1%) among the main ones. Among the transportation equipment are trucks (-40.2%), pneumatics used to vehicles and machines for construction and mining (-4.2%), as well as road tractor for semi-trailer (-23.5%).

The unfavorable result in the import of construction materials was due to the lower consumption of constructions and its parts of iron and steel casting (-9.0%).

Likewise, the low acquisition of capital goods for agriculture was due to the decrease registered in Caterpillar tractor of power higher to 75kW and lower or equal to 130 kW (-58.1%) and Caterpillar tractor of power higher than 37 kW and lower or equal to 75 kW (-53.1%).