The National Society of Industries (SNI) reported that non-traditional industrial exports reached US$ 8,417 million in 2021, a growth of 39.6% compared to 2020 and a positive variation of 12% compared to the 2019 period.
According to the report of the Institute of Economic and Social Studies (IEES) of the SNI, the rebound in manufacturing exports is driven by the economic reactivation of our trading partners and their need to supply intermediate inputs to satisfy their supply chains.
The sectors that exceeded their pre-pandemic levels and that explain the favorable performance of foreign sales were the iron and steel industry (+23.6%), chemicals (+22.6%), textiles and clothing (+21.6%) and non-metallic minerals (+11.3%). However, the sectors that have not yet recovered their pre-pandemic levels at the end of 2021 were wood and paper products (-12.6%), fishing (-5.6%) and metalworking (-3%), highlighted the IEES .
According to representatives of the Fisheries and Aquaculture Committee of the SNI, the exports of this sector will not be affected by the oil spill in Ventanilla, since the extraction is carried out mainly miles inland from the coast.
At the level of manufactured products, the largest shipments of refined copper wire (+102.1% vs. 2019), polo shirts and knitted t-shirts (+32.1%), natural calcium phosphates (+25.6%) stood out. , iron bars and unalloyed steel (+24%), among the most important.
Manufacturing exports went to more than 160 countries, with the main markets being the United States (25.7% share), Chile (9.5%), Colombia (7.5%) and Ecuador (6.4%). . In addition, external sales in each of these four markets increased by more than 20% compared to their pre-pandemic levels.
SNI: demand for refined copper wire
During 2021, external sales of refined copper wire amounted to US$398 million, signifying a growth of 94.6% compared to 2020, and an increase of 102.1% compared to the pre-pandemic period, reported the IEES.
This positive result is explained by the higher volumes exported to our trading partners (growth of 35.2% vs. 2020, and 33% vs. 2019) and by the higher prices that have been in line with the rise in the price of copper. (It went from US$280 per pound in 2020 to US$422 in 2021).
With this figure, the IEES added, refined copper wire represented 26.6% of the value exported from the iron and steel sector and 4.8% of industrial exports, positioning itself as the third manufactured product with the largest shipments in 2021. It should be noted that this product is used as a raw material in the manufacture of electrical cables and conductors for construction, transmission lines and machinery, among others.
The main destination markets were Colombia (55.1% share), Ecuador (13.6%) and Venezuela (8.3%), where foreign sales increased by 67.8%, 120.7% and 313 % vs. 2019, respectively. Likewise, higher requirements were made in Bolivia (+1162% vs. 2019), Brazil (+558%) and Argentina (+518.5%).
Source: Larepublica
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