The number of exporting companies increased by 2.3% as of June 2023

The number of Peruvian exporting companies reached 6,369 in the first half of 2023, which reflects a slight increase of 2.3% compared to the same period last year, when there were 6,225 in total, according to the Center for Research on Global Economy and Business of the Association of Exporters CIEN-ADEX.

In detail, it is known that 4,083 were micro-enterprises (64.1%), 1,934 small (30.4%), 88 medium-sized (1.4%) and 264 large (4.1%), with which micro and small ( mypes) concentrated 94.5% of all export units.

In US$ FOB amount, according to the CIEN-ADEX report, 93.3% of what was dispatched abroad was in charge of large companies, followed by small (4.9%), medium (1.2 %) and microenterprises (0.6%).

Although micro and small companies represented 94.5% of the total number of exporters, they only concentrated 5.5% of the exported value, which demonstrates a high fragmentation and puts their permanence abroad at risk.

Between January and June, there was a drop in shipments of US$ FOB from large companies (-2.2%) and medium-sized companies (-6.2%), while small and micro-enterprises had increases of 12.7 % and 15% respectively.

The largest number of companies are from the agribusiness sector

The highest stock of companies corresponded to agribusiness (1,787), followed by metal-mechanics (1,329), chemicals (1,115), miscellaneous (1,032), clothing (884), mining (591), textiles (433), iron and steel (384), non-metallic mining (369), fishing and aquaculture (284), traditional agriculture (261), wood (154), primary fishing (49) and hydrocarbons (35).

In relation to the exportable supply, 48.5% of the firms (3,088) sent 1 product abroad, which shows the vulnerability of most of them to possible external shocks. In contrast, 9.4% (596) diversified their portfolios with 10 or more.

Regarding countries, 57.7% (3,673) exported to a single destination; and 4.9% (309), to 10 or more. In that context, The main recipient per unit exported was the US (1,820), followed by Chile (1,529) and Ecuador (1,037).

If only the companies that exported 1 product to 1 market are considered, the 1,740 microenterprises stood out by number, which are the most sensitive to possible changes in trade policies due to their low diversification in the portfolio of products and destinations; 503 were small, 45 large and 17 medium.

Data

• In relation to regional origin, Lima was the group with the largest number of companies (4,082), followed by Piura (474) and Callao (448). On the other hand, Amazonas, Apurímac and Huancavelica were the ones with the lowest number with 22, 20 and 19 respectively.
• The companies that stopped exporting in the first half of the year, according to CIEN-ADEX, totaled 2,130, of which 1,563 were micro-enterprises, 443 small, 49 medium-sized and 75 large.