Total volume exported increased 7.6% in October of 2023

In October of 2023, the total volume exported grew in 7.6% compared to the same month of 2022, due to the shipments of non-traditional (7.8%) and traditional (7.5%) products. This was informed by the National Institute of Statistics and Informatics (INEI) in the technical report Evolution of Export and Imports.

On the other hand, during the period January-October of 2023, the total volume exported increased by 5.1%, compared to the same period of the previous year. In addition, in the technical report it was also stated that the non-traditional products placed under the level reached in the same period of 2022, by changing -0.8%. Nevertheless, the traditional products in real values grew by 7.6%, determined by the external sales of the mining sector (15.4%), of products such as copper, lead, zinc gold and iron.

The volume exported of non-traditional products increased by 7.8% compared to the same month of the last year, as a result of the positive evolution of the agricultural, steel and metal industry and fishing sectors. Meanwhile, the shipments of the textile (-17.6%), chemical (-2.6%), steel and metal (-4.5%) and non-metallic mining sectors (-36.1%).

The shipments of the agricultural sector increased by 19.6% due to the sale of blueberries (13.5%), fresh grapes (99.3%), raw cacao (63.8%), among other products. In addition, the iron and steel (27.4%) such as refined copper wire (18.4%), unalloyed zinc (361.2%) and iron or unalloy steel bar with indentations and ribs (22.2%) showed a positive progress.

Likewise, the export of fishing sector reached 17.4% due to the greater shipments of frozen whole shrimps (77.8%), preparations and canned fish (4.4%), as well as frozen shrimps and decapods (53.3%).

The growth of traditional products export (7.5%) was supported in the greater shipments of products of mining (11.6%) and agriculture (7.2%) sectors; meanwhile, the sale of products of fishing (-72.9%) sector, as well as petroleum and natural gas sector (-13.8%) decreased.

Mining products that showed greater demand were copper (14.3%), gold (9.5%), zinc (7.5%), lead (38.8%) and tin (13.2%); meanwhile, iron (-32.8%) and molybdenum (-10.8%) contracted. In the agriculture sector outstood the greater sale of coffee (11.6%); nevertheless, the shipment of sugar decreased (-62.2%).

In the fishing sector decreased the export of fishmeal (-68.2%) and fish oil (-83.0%). Likewise, the export of petroleum and gas reduced by -13.8%, explained by the lower volumes shipped of petroleum products and crude petroleum.

During October 2023, the FOB imports grew by 10.3% compared to the same month of the last year, explained by the greater purchases of capital goods and construction materials (15.1%), raw materials and intermediate products (8.4%) and consumer goods (7.7%). During the period January-October of 2023, the volume imported decreased by 2.1%, due to the lower income of raw materials and intermediate products (-4.2%), as well as capital goods and construction materials (-1.5%).

The volume imported of raw material and intermediate products increased by 8.4%, in October of 2023, compared to the same month of the last year, driven by the greater demand of raw material and intermediate products for industry (17.9%) and raw material and intermediate products for agriculture (11.0%).

The increase in the purchase volume of raw material and intermediate products for the industry was attributed to the greater domestic consumption of hard yellow corn (53.3%), polypropylene in primary forms (42.7%), soybean crude oil (10.9%), wheat other than for sowing (13.4%), among others. In addition, the consumption of raw materials and intermediate products for agriculture increased due to greater acquisitions of oil cake and solid residues coming from the extraction of soybean oil (18.8%), preparation used for feeding the animals (27.6%), pesticides (75.2%) and mineral fertilizers or chemical nitrogen (23.3%).

On the other hand, the drop in the volume imported of fuels, lubricants and allied products was explained by the lower transactions of diesel B5 (-54.7%), gasoline without tetraethyl for automobiles (-28.8%) and jet fuels like kerosene for reactors and turbines (-60.7%).

The import of consumption goods increased by 7.7%, compared to October of the year 2022, before the greater performance of non-durable consumption goods (11.5%) and durable consumption goods (2.9%). Among the non-durable consumption goods of greater demand were the medicines for human use (15.4%), toys (63.5%) and, milk with cream concentrated in powder, granulated or solid (79.4%). Likewise, in durable products of greater consumption were the refrigerator and freezer of separated exterior doors (40.1%); slot machines, games activated with coins, game pieces or similar articles (319.6%); electro-thermic devices of domestic use (121.0%), among others.

The volume imported of capital goods and construction materials grew by 15.1%, for greater purchases in the areas of capital goods for industry (24.6%) and construction materials (5.3%).

Among the capital goods for the industry outstood the purchase of smart phones (36.4%); machines which superstructure could rotate 360° (140.8%); power shovels, diggers, loaders and wheel loaders (16.6%), and parts of machines to classify, grind, earth, stone or solid mineral (1.9%). The increase in the import of construction materials was due to the greater consumption of ceramic tiles with a coefficient of water absorption lower or equal to 0.5% (168.1%), tubes and hollow profiles welded of square or rectangular section (88.1%), as well as sheets and bars for construction of iron and steel casting (132.4%).

On the other hand, the purchase of capital goods for agriculture (-29.6%) registered a low performance due to the drop in the commerce of caterpillar tractors of power higher than 75 kW and lower than or equal to 130 kW (-30.8%). The import of transportation equipment decreased by 0.4%, due to the lower purchase of trucks (-31.6%), as well as diesel vehicles for transportation of goods with a load higher than 20 T (-35.9%).