Export volume of traditional products grew 21.0% in February of this year

The National Institute of Statistics and Informatics (INEI) in the technical report Evolution of Exports and Imports, informed that during February of 2024, the export volume of traditional products increased in 21.0%, compared with the same month of the last year, due to the positive performance of the mining (28.4%), fishing (16.5%) and agricultural (144.6%) sector. Likewise, it informed that the export volume increased in 8.9%, compared to February of the year 2023.

 

Therefore, in the mining sector outstood the greater shipments of copper (32.1%), gold (39.0%), zinc (9.8%), lead (4.0%), molybdenum (113.1%) and tin (547.5%). In the fishing sector, it grew the shipments of fishmeal (16.3%) and fish oil (22.0%). The positive behavior of the agriculture sector was driven mainly due to the greater coffee shipment (189.8%).

 

On the other hand, the export volume of petroleum and natural gas reduced in 33.6% before the lower volumes shipped of oil derivates (-22.6%) and natural gas (-56.8%).

 

The export volume of non-traditional products decreased 13.9%, compared to the same month of the last year, due to the negative performance of agricultural (-16.8%), fishing (-39.7%), non-metallic mining (-33.0%), textile (-15.9%) and metal-mechanic (-5.8%) sectors.

 

Compared to the agricultural sector the shipments of fresh grapes (-69.2%) and preparations for animal feeding (-17.0%) decreased. In the fishing sector decreased the sale of mussels, scallops, frozen (-72.7%), livers, spawn and roes (-30.1%) and, frozen filets of fishes (-8.0%).

 

Likewise, the non-metallic mining sector registered a lower export of natural calcium phosphate (-27.9%), laminated safety glass for automobiles, aircrafts or others (-16.3%) and anthracites (-75.7%). 

 

In the textile sector there were affected the transactions of cotton T-shirts (-13.3%), cotton knit shirts (-33.9%) and carded or combed fine animal of alpaca or llama (-23.0%). In addition, the exports of metal-mechanic sector showed an unfavorable behavior, due to the lower shipments of electric accumulators (-1.4%).

 

During February of 2024, the volume imported of goods increased in 4.1% compared to the same month of the last year. In addition, during the period January – February of 2024, the volume import increased in 8.5%, due to the greater income of capital goods and construction materials (14.6%), raw material and intermediate products (8.1%), and consumption goods (1.5%). 

 

During the second month of the current year, the volume imported of raw material and intermediate products grew in 3.2%, compared to the same month of the last year, associated to the greater demand of raw materials and intermediate products for agriculture (49.0%), raw material and intermediate products for industry (1.1%), and fuels, lubricants and combustibles, lubricants and allied products (0.04%).

 

The increase of purchase of raw material and intermediate products for agriculture was attributed to the greater domestic consumption of oil cakes and solid residues of the extraction of soybean oil

 (3.3%), and ammonium sulphate (42.7%); likewise, it increased the imports of raw materials and intermediate products for the industry for the following products: high density polyethylene (79.9%), polypropylene in primary forms (25.2%), polyethylene of low density (44.3%), vinyl polychloride unmixed with other substances (86.2%), among the main ones.

Likewise, it showed a slightly increase the import of fuels, lubricants and allied products (0.04%), due to the greater transactions of crude oil (35.3%) and base oil for lubricants (68.0%).

The INEI informed that the volume imported of capital goods and construction materials grew in 12.8% explained by the greater purchases of construction materials sector (20.6%), sector in which there were showed positive results the acquisition of iron or unalloyed steel bar with indentations and ribs  (378.7%), ceramic tiles with coefficient with absorption of water lower or equal to 0.5% (53.1%), as well as bridges and its parts of iron and steel casting (415.8%).

 

Likewise, the purchase of capital goods for the industry (15.3%) registered a positive performance among those were the acquisition of smartphones (62.3%), machines for data processing of weight lower or equal to 10 kg (14.5%), digital telecommunication devices (99.3%), machines which its super-structure could rotate 360° (145.4%). 

 

The import of transportation equipment increased in 4.3% due to the greater purchase of road tractors for semi-trailer (49.9%), pneumatics used in vehicles and machines for construction and mining (24.6%), as well as pneumatics used in autobuses or trucks (9.4%). In addition, the import of capital goods for agriculture increased in 3.4%, due to greater acquisition of automatic feeders and drinkers (84.8%).

 

During the month under analysis, the volume imported of consumption goods decreased in 4.9% compared to the month of February of 2023, before the lower consumption of durable goods (-13.1%), it was the case of automobiles (-30.9%), televisions (-1.7%), motorcycles (-14.9%), refrigerators and freezer of separated exterior doors (-5.4%), among others.

 

On the other hand, it grew the purchase of products of non-durable consumption goods (1.3%) outstanding the medicines for human use (2.7%), other footwear (21.6%), beauty preparations, make-up and skincare (9.5%).