Exports of traditional products totaled US$4.518 billion last May, 21.7% higher compared to the same month in 2023, the
Central Reserve Bank (BCR) has reported.
This result was due to higher prices of mining products and, to a lesser extent, greater sales of gold, fishing products, and hydrocarbons.
"These foreign sales accumulated a 3.8% growth from January to May compared to the same period in the previous year," the issuing entity emphasized.
Last May, exports of mining goods grew 17%. Foreign sales of petroleum and natural gas products increased 27.7%, fisheries products expanded 395.4%, and agricultural goods rose 20.1%.
During the analyzed month, a significant increase in the volume of shipped gold (540,000 troy ounces) was observed, representing a 20.6% year-on-year growth.
Similarly, the volume of shipped fishmeal expanded 971.7% year-on-year, whereas that of natural gas increased 29%.
Non-traditional exports
Last May, non-traditional exports amounted to US$1.424 billion, experiencing a 3.5% year-on-year growth, mainly due to higher prices of agro-export products, as well as to greater shipments of textile, chemical, and iron-steel goods.
The products with the greatest increases were fresh avocados (+4.6%), cacao (+388.5%), copper wires (+59.3%), and jewelry (+131.8%), among others.
(END) NDP/MDV/MVB
Published: 7/15/2024