Peru’s exports totaled US$10.3 billion in first two months of 2024

Peru’s exports totaled US$10.3 billion in first two months of 2024

LIMA, April 8 (NNN-ANDINA) — In the first two months of this year, Peruvian exports amounted to US$10.339 billion, up 9.1% over the same period in 2023 (US$9.473 billion), the Peruvian Exporters Association (Adex) has reported.

Likewise, Adex highlighted that this result registered a positive performance for the sixth consecutive month.

After declining 4.7% in August last year, foreign sales increased in September (3%), October (8.1%), November (15%), December (1.1%), January (12.9%), and last February (5.4%).

Moreover, half of the 14 segments exported in the first two months presented negative figures.

That is the case of hydrocarbons, in the primary sector, as well as textiles, clothing, fishing for direct human consumption, metalworking, non-metallic mining and wood, in the non-traditional sectors.

According to the ‘Export Report – February 2024’ prepared by the Association of Peruvian Exporters’ Global Business and Economy Research Center (Cien-Adex), out of the total sales recorded in the first two month-period, traditional exports (US$7.3 billion) increased 14.6%, while value-added exports (US$3.034 billion) contracted 2.1%.

Mining led traditional exports at US$6.093 billion (up 21.4%), explained by greater volume of copper, despite lower international prices in February, and by an increase in the volume of raw gold.

As for value-added shipments, the main activity was agribusiness (US$1.639 billion), which posted a rise of 8%.

However, when analyzing January and February in detail, an increase of 22% was observed in the first month, whereas February experienced a reduction of 7.9%.


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