BCRP: exports exceeded S$65.8 billion and advanced 4.3% in 2022

The exports in 2022 amounted to US$65,835 million, higher by US$2,684 million compared to what was achieved in 2021. This is equivalent to a year-on-year increase of 4.3%, performance explained by the better average prices of exported products and the higher volumes shipped abroad, informed the Central Reserve Bank of Peru (BCRP).

In monthly terms, exports totaled US$ 6,053 million in December 2022, 5.1% lower than those of December of the previous year, mainly due to the lower prices of minerals (copper and zinc) and the drop in the volumes of traditional products except copper, which offset the higher average prices of non-traditional products.

Traditional and non-traditional exports

Last year, traditional exports reached US$47,348 million, which meant a year-on-year increase of 1.6%. Of the subsectors that make up this group, mining, although it fell -5%, generated higher income with US$37,711 million. It was followed by natural gas, with US$3,166 million, as well as oil and derivatives, which achieved US$2,738 million. Agricultural and fishing dispatches totaled US$2,380 and US$1,352 million each.

On the other hand, non-traditional exports grew 11.4% and amounted to US$18,232 million, that is, 6.2% more than in 2021. In this segment, shipments of agricultural products generated a greater amount of income with US$8,450 million . Exports of chemicals continue, reaching US$2,348 million, textiles (US$1,868 million), iron and steel and jewelry (US$1,718 million), etc.