Andina

Peru: Exports up 19% in August due to higher volumes and prices

16:00 | Lima, Oct. 14.

Peruvian exports value reached US$6.567 billion in August 2024, a 19% increase compared to the same month in 2023, the Central Reserve Bank (BCR) reported on Monday.

This is due to the 9% growth in export volumes, as well as the 9.2% increase in the average export price.

The issuing entity indicated that the increase in the average export volume was based on greater sales of fishmeal (the fishing season was cancelled last year), coffee, gold, natural gas, and the non-traditional sectors of iron and steel, non-metallic mining, and textiles.

Meanwhile, the increase in the average export price was due to high international prices of zinc, gold, and hydrocarbons, as well higher prices of agro-export goods and non-traditional fishery products.

Between January and August, exports totaled US$47.483 billion, 9.6% higher than that recorded in the same period in 2023.

This was mainly due to higher prices and, to a lesser extent, higher volumes, the BCR explained.

(END) NDP/JJN/MVB

Published: 10/14/2024