highlighted the growth of Peruvian exports in the third quarter of this year, with a 10.4% increase compared to the same period in 2023.
The high-ranking official said this result "reflects the Peruvian economy's strength and the effectiveness of the policies implemented to position Peru in international trade."
"The development of our exports proves that we are making steady progress toward the consolidation of economic recovery," Adrianzen noted.
According to Technical Report No. 4 by INEI, exports of traditional and non-traditional products were driven by key sectors such as fishing, mining, and agriculture in the third quarter of 2024.
The Cabinet chief specifically highlighted the increase in fishmeal exports, which expanded by 564.9%, followed by coffee (48.7%), gold (20%), and molybdenum (10.6%).
"This growth reflects the enormous potential that Peru has to compete in international markets, not only in extractive industries like mining, but also in agricultural and manufactured exports. The diversification of our exportable products, especially in strategic sectors, will be key to continuing our growth and consolidating ourselves as a reliable global partner," he underlined.
Imports also showed 8% growth in the same period, driven by higher acquisitions of capital goods and construction materials (13.3%).
Investments on upward trend
According to the BCR’s Weekly Note No. 42, private investment increased by 4% in the third quarter of 2024, after two consecutive quarters of weak growth rates (0.1% in the first and the same percentage in the second).
In the same period, public investment registered a strong growth (18.8%), with significant increases in regional governments and in the National Government, whose growth rates exceeded 20%.