Peruvian exports amounted to US$67.558 billion between January and November 2024, reflecting a 15.8% increase compared to the same period in 2023 (US$58.348 billion), mainly driven by the positive performance of the last seven months, the Peruvian Exporters Association (ADEX) reported.
The Global Economy and Business Research Center of the CIEN-Adex business guild detailed that shipments in November alone amounted to US$7.377 billion (+27%), being the seventh consecutive month with positive results. It was preceded by May (+27.9%), June (+11.8%), July (+36.6%), August (+29%), September (+17.8%), and October (+12.3%).
Although the cumulative figure is positive, Adex Chairman Julio Perez Alvan expressed his concern about the decrease in five sectors over these 11 months: fishing for direct human consumption (-24.2%), non-metallic mining (-13.2%), wood (-13%), and textiles (-0.9%). In addition, hydrocarbons fell in the primary sector (-2%).
However, he underscored the progress of other sectors such as mining, agro-industry, iron-steel, and metalworking, which recorded historic figures.
Expansion
According to its Export Report – November 2024, traditional shipments totaled US$49.099 billion between January and November, showing a positive variation of 17.7% compared to the same period of the previous year.
This was explained by the evolution of mining, with shipments worth US$41.980 billion (+16.7%), primary fishing (US$2.202 billion; +105.6%), and agriculture (US$1.144 billion; +42.9%), while hydrocarbons (US$3.774 billion) decreased 2%.
The offer consisted of copper and gold, which together accounted for 61.6% of this portfolio, as well as refined copper cathodes, iron, zinc, fishmeal, molybdenum, natural gas, silver, and lead.
These products arrived mainly in China (US$22.635 billion), followed by India, Canada, Japan, the United States, Switzerland, the United Arab Emirates, South Korea, Brazil, and Spain.
Non-traditional
On the other hand, non-traditional shipments (US$18.459 billion) saw a 10.9% increase compared to the first 11 months of 2023 (US$16.644 billion). The report indicated that six of its 10 subsectors shared a good result: agroindustry (+21.6%), clothing (+2%), metalworking (+3.2%), chemicals (+10.5%), iron-steel (+21.4%), and others (+21.3%).
Blueberries were the items that stood out in terms of exported amount (US$2.108 billion), with a share of 11.4% and an increase of 46.3%. Others were avocados, grapes, cacao beans, natural calcium phosphates, refined copper wire, asparagus, frozen giant squid, tangerines, and mangoes.
The United States (US$5.710 billion) was the leading destination, accounting for 31% of the total exported abroad by this sector, a 14.8% increase.
The top ten was completed by the Netherlands, Chile, Spain, Ecuador, Colombia, Mexico, Brazil, China, and the United Kingdom.
The Lima and Callao area exported products worth US$16.148 billion, showing a 19.1% growth and grouping 23.9% of the total. Likewise, the coastal zone accounted for more than half of shipments (50.8%) due to the performance of key regions such as Ica, Arequipa, and Ancash.
The Andean region accounted for 23.9% of the total, while the Amazonian region accounted for only 1.4%.
Fact
The trade balance (January-November) closed with a surplus of US$17.549 billion.
Exports totaled US$67.558 billion and imports reached US$50.009 billion.