Andina

Peru: Total export volume up 5.6% in 2018

19:49 | Lima, Feb. 12.

Peruvian FOB (Free on Board) exports volume saw —in 2018— the highest level since 2002, posting a 5.6% increase compared to the previous year, the National Institute of Statistics and Informatics (INEI) reported Tuesday.

According to INEI's "Evolution of Exports and Imports" report— which relies on data provided by the National Customs and Tax Administration (Sunat)— this outcome was underpinned by greater shipments of traditional mining (+3.5%) and non-traditional (+17.3%) products.

As for the latter, the agricultural (+18.9%), fishery (+41.4%), chemical (+12.4%), textile (+6.5%), and iron-steel (+2.2%) sectors stood out. 

Total export volume's main destinations were China (+30.1%), the United States (+15.2%), South Korea (+6.2%), Japan (+5.4%), and Spain (+5.0%). 

Non-traditional products 

The exported value of non-traditional products —in real terms— broke records in 2018 amounting to US$13.297 billion, up 17.3%, the highest figure in the last seven years. 

This result was driven by greater shipments from the agricultural (+18.9%) and fishery (+41.4%) sectors. 

Imports

FOB imports volume rose 3.7% in 2018, underpinned by higher demand for raw materials and intermediary products intended for industry (+10.5%), non-durable consumption goods (+4.3%), transport equipment (+6.5%), and construction materials (+6.5%). 

(END) MDV/DTK/RMB

Published: 2/12/2019