Peru’s non-traditional exports up 6.5% in April 2023

Peru’s non-traditional exports up 6.5% in April 2023

LIMA, June 14 (NNN-ANDINA) — Non-traditional exports reached US$1.366 billion in April this year, an increase of 6.5% compared to the same period in 2022, the Central Reserve Bank (BCR) of Peru reported on Tuesday.

The BCR stated that this growth was driven by higher export volumes (6.6%) of agricultural, fishing, and non-metallic mining products.

Exports of avocados (45.5%) and frozen giant squid (175.4%) stood out positively in April.

In terms of major markets, sales of non-traditional goods —mainly of fish products— to South Korea and China saw an increase. The same occurred with non-traditional exports —mainly of agricultural products— to Spain.

Thus, non-traditional exports totaled US$6.009 billion in the first four months of this year, which represented an increase of 6.8% compared to the same period in 2022.

In this case, the shipped volume increased 4.5%, while the average price rose 2.2%.

Between January and April, higher shipments of grapes, frozen giant squid, and avocados stood out positively, posting a year-on-year growth of 25.5%, 205.3%, and 42.6%, respectively.

The Ministry of Foreign Trade and Tourism (Mincetur) recently reported that Peruvian exports of non-traditional goods increased 7.2% to US$4.661 billion in the first quarter of 2023 compared to the same period in 2022.

According to the government agency, this growth was due to higher sales of non-metallic minerals (74%), fishing (30%), and agricultural goods (9.5%), which totaled US$247 million, US$620 million, and US$2.136 billion, respectively. — NNN-ANDINA

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