Peru’s Exports Surge 19% in August, Driven by Higher Volumes and Prices

Peru’s exports reached $6.57 billion in August, marking a 19% increase compared to the same month in 2023, according to the Central Reserve Bank (BCR).

This growth was attributed to a 9% rise in export volumes, coupled with a 9.2% increase in average export prices.

The BCR highlighted that the surge in export volumes was driven by higher sales of fishmeal (with last year’s fishing season having been canceled), coffee, gold, natural gas, and non-traditional sectors such as iron and steel, non-metallic mining, and textiles.

The rise in average export prices was fueled by strong international prices for zinc, gold, and hydrocarbons, as well as higher prices for agricultural and non-traditional fishing products.

Between January and August, Peru’s exports totaled $47.48 billion, up 9.6% compared to the same period in 2023. This increase was largely driven by higher export prices, with increased volumes contributing to a lesser extent.

Source: Agencia Andina

Sharing is caring!