Andina

Peru: Traditional exports up 20.4% in Aug 2024

12:00 | Lima, Oct. 16.

Exports of traditional products totaled US$4.83 billion in August, a year-on-year increase of 20.4%, due to a significant rise in volumes and prices, by 11.2% and 8.3%, respectively.

Last August, sales of mining products abroad grew 11%, driven by high gold and zinc prices, as well as increased gold shipments.

The growth in the fishing sector was favored by higher exports of fishmeal and fish oil, as well as by the base effect from last year when the fishing season was cancelled.

Meanwhile, the agricultural sector registered a 44.2% growth due to an increase in the volume of exported coffee, while the hydrocarbon sector grew by 21.5% due to increased prices and greater natural gas exports.

From January to August 2024, the export value of traditional products increased by 11.3% compared to the same period of the previous year, reaching US$35.337 billion due to increases in prices and volumes of 5.1% and 5.9%, respectively.

(END) NDP/JJN/MVB

Published: 10/16/2024