Peruvian exports would grow only 2.8%, but would exceed US$64.9 billion in 2023

The peruvian exports totals, after having advanced 3.7% last year, will slow down and grow only 2.8% during 2023. However, will reach the record figure of US$64.941 million driven by the positive performance, which is expected, will be the economies of countries such as China and the United States, as well as by the recovery of the prices of raw materials, according to the Association of Exporters (ADEX).

“The sectors that we expect to be the most dynamic are going to be non-traditional fishing and aquaculture and the metal-mechanics sector. Those that are going to have the least growth will be mining and the textile sector,” he commented. Edgar Vasquez Veladirector of the Center for Research on Global Economy and Business (CIEN-ADEX), during the presentation of the perspectives on Peruvian exports in 2023.

Regarding mining, the union representative explained that in the first month of the year they fell by 11% due to the stoppage of some mining projects as a result of the social upheaval. “The prospects for mining are for a recovery as operations return to normal, but it will not be enough for growth to be very high,” he commented.

Traditional and non-traditional exports

The traditional exports they will grow 0.9% and during 2023 they will achieve a total of US$45,326 million and a participation of 69.8% of the total shipments abroad.

In this group, mining, with a growth of 0.6%, will be the most important sector with a participation of 55.8% and US$35,235 million. It is followed by the Hydrocarbons sector, which will move US$6,221 million, that is, 1.1% more than in 2022. “In hydrocarbons, it is already expected that this year there will be setbacks in values ​​and the main hydrocarbon that Peru exports is natural gas , the volume will remain constant, but the prices will be lower compared to the previous year,” Vásquez said.

Also noteworthy is the fishing sector, which will grow 5.1% and reach US$2,503 million, and agriculture, which will add US$1,368 million, achieving growth of 1.4%.

For their part, the non-traditional exports they will grow 7.3% this year and accumulate US$ 19,615 million. This result will be driven by the agro-industrial sector, which will grow 8.4% and reach US$9,240 million, chemicals with an advance of 8.2% and US$2,537 million, fishing and aquaculture (US$1,736 million), iron and steel (US$ 1,724 million), clothing (US$ 1,407 million), etc.