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Peru's exports to total US$9.930 billion in third quarter of 2020

14:42 | Lima, Sep. 24.

Commercial operations around the world are recovering, and this situation will be intensified as COVID-19 lockdown measures become less strict.

According to Peru's Exports and Tourism Promotion Board (PromPeru), shipments are expected total US$9.930 billion in the third quarter of this year —a 51.84% growth compared to the April-June quarter, when these operations were the most affected by the health emergency.

PromPeru foresees that —in a conservative scenario— exports will amount to US$10.189 billion in the last quarter of this year, which will show a positive trend.

PromPeru Exports Promotion Director Mario Ocharan explained that —in the third quarter of 2020— sales of non-traditional products, as well as value-added and employment-intensive products, are projected to total US$2.921 billion, while the traditional ones will amount to US$7.009 billion.

"Between October and December, the placements of non-traditional products will generate US$3.196 billion, a growth of 9.08% from the third quarter of this year," he said in remarks to El Peruano official gazette.

All this reflects a slowdown in the contraction of Peruvian exports, which will continue in the coming months.

Sector operating at 90% capacity

According to Ocharan, the country has entered a stage in which all export-related industries operate in one way or another, by observing the biosafety protocols set to curb the spread of COVID-19 infections.

In this case, the companies in this sector are expected to be operating at 90% capacity.

(END) DOP/WRR/JJN/RMB/MVB

Published: 9/24/2020
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