Volume imported of consumer goods increased 7.3% in August of 2023

During August 2023, the volume imported of consumer goods grew by 7.3%, compared to the same month of the last year, due to the greater level of purchases of durable consumption goods (19.1%); while, the acquisition of non-durable consumption goods (-0.5%). This was informed the National Institute of Statistics and Informatics (INEI), in the technical report Evolution of Exports and Imports.

Among the durable consumption goods of greater demand were the automobiles (25.6%), televisions (24.4%), plastics manufacturing (5.8%), refrigerator and freezer of separated exterior doors (208.8%), among the main ones. On the other hand, in the case of non-durable products (-0.5%), decreased the drug consumption for human use (-3.5%); milk and powder, granulated or solid concentrated cream (-22.0%); toys (-15.5%) and shampoos (-12.7%).

The volume imported of capital goods and construction materials increased by 1.2%, due to the transactions in the areas of capital goods for the industry (1.6%) and construction materials (7.0%).

Among the main capital goods for the industry that showed positive results were smart phones (19.0%); devices of digital telecommunication (1.5%); parts of machines and devices for lifting, digging, flattening and leveling (75.8%). Likewise, the import of construction materials increased explained by the greater acquisition of ceramic tiles with a water absorption coefficient greater than 0.5% (161.4%), unalloyed iron or steel bar with notches and ribs (22.2%) and ceramic tiles with a water absorption coefficient lower or equal to 0.5% (92.0%).

On the other hand, in the acquisition of transportation equipment (-0.2%) influenced by the lower demand of trucks (-27.9%), pneumatics used in vehicles and machines for construction and mining (-16.0%) and vehicles with load greater or equal to 9.3 Tons (-20.7%). In addition, the consumption of capital goods for agriculture (-22.2%) due to the lower acquisition of caterpillar trucks of power greater than 75 kW and lower or equal to 130 kW (-51.2%), as well as caterpillar trucks of power greater than 37 kW and lower or equal to 75 kW (-46.9%).

During August of 2023, the total volume imported of goods decreased by 2.7%, compared to the same month of the last year. The main supplier countries of goods imported in August of 2023 were China with 28.6%, United Stated of America 20.1%, Brazil 6.7%, Mexico 3.5% and Argentina with 3.5% of the total real value of the imports.

During the period January-August of 2023, the volume imported registered a decrease of 4.2%, due to the lower entry of raw material and intermediate products (-7.2%), as well as capital goods and construction materials (-3.1%).

The volume imported of raw material and intermediate products decreased by 9.3%, compared to the same month of the last year, before the lower demand of raw materials and intermediate products for industry (-14.1%) raw materials and intermediate products for agriculture (-19.4%).

The reduction of the volume of raw material and intermediate products for the industry was explained by the lower domestic consumption of hard yellow corn (-31.2%), high density polyethylene (-5.4%), wheat except for sowing (-14.6%), low density polyethylene (-16.8%) and rolled steel bars or hot-rolled or steel bars (-41.3%), among others. In the low acquisition of raw materials and intermediate products for the agriculture influenced the lower transaction of oil-cake and solid residues of the extraction of de la extraction of soybean oil (-13.1%).

The INEI informed that the total volume exported of goods reduced by 4.8% compared with the same month of 2022, due to the lower shipments of traditional products (-2.6%) and non- traditional products (-10.4%). The main destination countries of the exports were China with 41.9%, United States of America 12.4% and South Korea with 4.9% of the total export value.

The volume exported of traditional products reduced by 2.6% compared with the same month of the year 2022, due to the lower fishing (-94.9%), crude oil and natural gas (-38.7%) and agricultural (-1.3%) activity.

In the result of the fishing sector influenced the lower shipment of fishmeal (-95.5%) and fish oil (-92.5%). Likewise, the shipments of crude oil and natural gas (-38.7%) decreased, explained by the lower volumes of natural gas (-86.9%). In the agricultural activity reduced the sale of coffee (-15.7%). On the other hand, the volume exported of mining activity increased by 8.5%, driven by the greater shipments of minerals such as copper (8.0%), gold (8.2%), zinc (19.8%) and molybdenum (60.3%).

During August of 2023, the volume exported of non-traditional products contracted by 10.4%, compared to the same month of the last year due to the negative impact of agricultural (-14.8%), textile (-21.9%), non-metallic mining (-26.2%) and metal-mechanic (-0.1%) sectors.

Among the shipments of agricultural sector were the avocados (-7.6%), blueberries (-42.7%), asparagus (-3.2%). The textile exports that showed a lower dynamism were of cotton t-shirts (-40.3%), cotton shirts (-32.4%), as well as t-shirts and shirts of other textile material (-27.6%).

Regarding the shipments of the non-metallic mining sector were registered the lower transactions of calcium phosphate (-35.7%), anthracites (-10.5%), ceramic tiles of water absorption greater than 0.5% and lower or equal to 10% (-0.4%), laminated safety glass for automobiles, aircrafts or others (-50.4%) and gas cylinders (-26.1%).

Additionally, the volume exports of metal-mechanic sector decreased before the lower sales of machines parts to classify, soil, stone or solid mineral (-31.1%), parts of core-drilling machine (-47.8%) and electrical batteries (-39.8%).