Andina

BCR: Peru's traditional exports up 31.3% in July 2024

Photo: ANDINA/Juan Carlos Guzmán

Photo: ANDINA/Juan Carlos Guzmán

09:29 | Lima, Sep. 18.

Peruvian exports of traditional products totaled US$5.022 billion in July of this year, which represented a 31.3% growth compared to the amount reported in the same month of 2023, the Central Reserve Bank (BCR) reported.

The issuing entity stressed that this growth was supported by increased shipped volumes and higher prices, which rose by 17.2% and 12%, respectively.

By sectors

Sales abroad of mining products grew 16.6% last July, boosted by high mineral prices and increased gold shipments.

Meanwhile, the fishing sector expanded by 1,613.5% favored by higher exports of fishmeal and the base effect from last year when the fishing season was cancelled.

The agricultural sector recorded a 90.5% growth in the analyzed month due to increase in the volume of shipped coffee.

The hydrocarbon sector also rose by 26.4%, as a result of higher international prices, as well as greater oil and gas shipments.

Accumulated amount

From January to July 2024, the value of traditional product exports grew by 9.7% compared to the same period the previous year, reaching US$30.424 billion.

The BCR explained that this result was favored by higher prices and volumes, which rose by 4.7% in both cases.

(END) DOP/SDD/MVB

Published: 9/18/2024