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BCRP: exports grew 11.1% in the second quarter of 2022

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Exports amounted to US$16,186 million in the second quarter of 2022, which meant an increase of 11.1% compared to the same quarter of last year (US$14,565 million), reported the Central Reserve Bank of Peru (BCRP). ).

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According to the BCRP, this positive evolution was mainly due to the interannual increase of 14.7% in the value of shipments of non-traditional products; and in to a lesser extent to the higher value of shipments of traditional products at 9.9% year-on-year, particularly, oil, natural gas, agriculture and mining.

In relation to the same period last year, the expansion of the value of exports was 7.7% in the average price of shipped products. The largest amount was recorded in non-traditional products at 9.6%, among which non-metallic mining (39.0%), chemicals (28.4%) and fishing (19.9%) stand out.

The BCRP also details that it contributed to the higher average price of zinc, gold and oil. “To a lesser extent, the 3.2% increase in the volume shipped added to the growth in the value of exports, within which non-traditional products stood out at 4.6%, such as non-metallic mining (23.0%) , textile (21.9%) and iron and steel (11.9%)”, remarked the entity.

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Exports to the first half of 2022

Source: Larepublica

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