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Social conflict would have put more than S/8,000 million in exports at risk since December

Social conflict would have put more than S/8,000 million in exports at risk since December

Peru, from December 7 of last year to date, is going through a permanent social conflict. Although its intensity has diminished, it still persists in some regions. These protests, which have resulted in damage to private property and roadblocks, have had a significant impact on the economy. In fact, they would have put more than S/8 billion in exports at risk, according to the Association of Exporters (ADEX).

According to the business association, the accumulated The risk of losses due to the protests in the 10 regions with the longest days of stoppage amounts to S/8,063 million in this period.

In Lime, With a total of 45 days of roadblocks, exports at risk until March 13 totaled S/1,910.9 million. Meanwhile in Arequipa, where 91 days of interruptions of the main land routes accumulated, S/1,479.1 million were put in danger. In Ica, one of the main agro-exporting regions, the amount totaled S/1,095 million.

Also noteworthy are the sums committed in Freedom (S/650 million), moquegua (S/574.8 million), Cusco (S/536.8 million), ancash (S/499.2 million), Fist (S/494.5 million), apurimac (S/483.5 million) and piura (S/339.2 million).

On the other hand, according to ADEX, although last year exports reached a historical record with around US$63.2 billion, they lost close to US$5.4 billion as a result of internal sociopolitical factors. The union estimated an advance of 12% (US$ 68.600 million) in exports for the year 2022; however, growth was only 3.7%.

Source: Larepublica

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