He Central Reserve Bank (BCRP) reported that the accumulated trade balance in the last twelve months reached a surplus of US$10,999 million until April 2023. The issuing entity indicated that the trade balance registered a monthly surplus of US$1,214 million in April, US$903 million higher than the result of April 2022. Despite the higher volumes […]
Tag: exports
Panama Canal: drought could limit the daily transit of ships
He Panama Canal reported that it could apply measures to limit the daily transit of ships through the interoceanic route in the event of a drought situation, in line with the water saving strategy that will also be maintained during the rainy months in the Central American country. ”Currently we transit between 35 and 36 […]
Tension between Peru and Mexico: how much does it affect both countries if trade relations break?
After being declared “persona non grata” by the Congress Peruvian, the President of Mexico, Andrés Manuel López Obrador (AMLO), announced at his usual morning press conference that his Government will temporarily suspend business relationships and economic what do you have with our country. “As long as there is no democratic normality in Peru, we do […]
Venezuela’s PDVSA’s new management hopes to boost production, refining
The new management of the Venezuelan state company PDVSA It expects to increase the country’s oil production to 1.17 million barrels per day (bpd) by the end of the year, while boosting refining and exploration activities, an internal planning document showed. Venezuela’s monthly crude production exceeded 800,000 bpd in April, for the first time since […]
Mother’s Day: Peruvian flower exports grew 12% in the first quarter
exports of peruvian flowers totaled US$2.72 million in the first quarter of 2023, an increase of 12% compared to the same period last year, when shipments reached US$1.857 million. The Association of Exporters (Adex) recalled that this sector was greatly affected at the beginning of the pandemic due to COVID-19. However, the national sector was […]
Peruvian exports would have reached US$5,803 million in March, estimates the CCL
Peruvian exports would have reached US$5,803 million in March of this year, which represents a growth of 7.67% compared to the same month in 2022, according to estimates by the Institute for Foreign Trade Research and Development of the Lima Chamber of Commerce (idexcam). “The increase in the exported value was mainly due to shipments […]
Mincetur launches the third call for the Internationalization Support Program for entrepreneurs
The Ministry of Foreign Trade and Tourism (Mincetur) reported that applications are open to participate in the third call for the Internationalization Support Program (PAI), which has S/3 million to co-finance the internationalization initiatives of Peruvian companies. In this regard, the Vice Minister of Foreign Trade, Theresa Merastressed that this initiative will allow Peruvian entrepreneurs […]
Coffee growers warn of risk in exports if the Executive branch does not comply with the requirements of the European Union
The National Coffee Board (JNC) asked the Executive to urgently adapt internal regulations to adapt to the decision of the European Union (EU) to import agricultural products, such as coffee, from non-deforested areas and formal land. To this end, the president of the JNC, Tomás Córdova, urged a prompt meeting with officials and technicians from […]
Mincetur: 11 regions increased their exports in the first two months of 2023, what are they?
The Ministry of Foreign Trade and Tourism (Mincetur) reported that a total of 11 regions in the interior of the country increased their exports in the first two months of the year, according to the latest Regional Trade Report – February 2023. In the north of the country, there were three prominent regions: Lambayeque (+34%), […]
What does Latin America need to become a global manufacturing hub?
The tense commercial relations between United States and Chinaas well as the prioritization of shorter supply chains, give the opportunity to Latin America become a global manufacturing hub. He Inter-American Development Bank estimated that this relocation could boost the regional exports of goods and services in about US$78,000 million annually. However, to fulfill its potential […]