Peruvian exports would total more than 72,000 million dollars at the end of 2024, which would show a growth of 11.40 % compared to last year (64,638 million dollars), projected the Foreign Trade Research and Development Institute of the Lima Chamber of Commerce (Idexcam).
"The estimate would be given by a better performance of the Mining, Agriculture and Fishing sectors, whose performances have shown, in recent months, significant progress and which would define optimal growth figures for the Peruvian export sector," said Carlos Posada, executive director of Idexcam.
In fact, the mining sector is projected to see a 15 % growth in export value by the end of 2024, driven by increased shipments of gold and silver, while the agricultural sector would grow by 20 % due to increased exports of blueberries and avocados. Finally, the fishing sector would be resuming the figures shown in 2022.
“The recovery of the fishing sector would be due to the normalization of the sea temperature, which is facilitating the return of anchovies for industrial use, causing said sector to close with a growth of approximately 104 %,” Carlos Posada stressed.
Results to September
For the January-September 2024 period, Peruvian exports have shown significant dynamism, as in this period shipments abroad registered an increase of 14.61 % compared to the same period in 2023.
According to Idexcam, this favorable behavior is explained by the good moment of key export sectors, such as Mining, which has been registering an increase of 15.62 % compared to the same period in 2023, mainly due to the increase in the export value of gold, silver and molybdenum.
Another sector that has recovered is Traditional Fishing with an increase of 108.09 %, supported mainly by the increase in exports of fishmeal (89.64 %) thanks to the massive shipments that have been registered to China, as well as fish fats and oils (184.09 %).
Likewise, the Traditional and Non-Traditional Agro sectors also recorded good performances. The former increased between January and September by 52.37 % compared to the same period in 2023, due to the increase in the value of coffee (68.65 %).
In the case of the Non-Traditional Agro sector, the advance was 18.39 %, due to the increase in exports of cocoa beans (268.21 %), explained, in part, by the poor sales campaign registered by producers in African countries.
As for fruits, exports of fresh avocados registered a growth of 28.02 %, with 1,220 million dollars of export value in September, while blueberries accumulated 967 million (46.95 %).
Another sector that shows encouraging performance is the chemicals sector, which reports a growth of 11.07 %, after reaching 1,644 million dollars.
“This performance is due to the increase in the American demand for plastic manufactures, specifically intermediate inputs of polypropylene (plates, sheets, leaves and strips),” highlighted Posada.
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(END) NDP/ MDV
Published: 12/25/2024