Tridge summary
In May 2020, Peru experienced a significant decrease in export and import volumes due to the effects of the health emergency, according to a report by the National Institute of Statistics and Informatics (INEI) and the National Superintendence of Customs and Tax Administration (SUNAT). Exports saw a 38.9% drop, with traditional exports falling by 41.1% and non-traditional exports by 32.3%, due to declines in key commodities and sectors like mining, textiles, and iron and steel. The agricultural sector was the only one to show growth, with increases in avocados, mandarins, mangoes, and bananas. Imports also saw a 35.0% decrease, with falls in capital goods, consumer goods, and raw materials, driven by declines in fuels, lubricants, and agricultural products. The most affected categories included durable consumer goods and raw materials and intermediate products for industry and agriculture.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
In May of this year, the total volume of goods exported decreased by 38.9% when compared to the same month the previous year, due to the lower volume of exports of traditional products (-41.1%) and non-traditional products (-32 ,3%); This was announced in the National Institute of Statistics and Informatics (INEI) in the technical report Evolution of Exports and Imports, prepared with information from the National Superintendence of Customs and Tax Administration (SUNAT). Among the main destination countries that exhibited unfavorable behavior were China (-49.5%), South Korea (-24.6%) and the United States of America (-19.3%). Exported volume of traditional products decreased by 41.1% In the month of study, the real value of traditional exports decreased by 41.1% compared to the same month in 2019; as a result of the negative behavior of exports of products from the mining (-41.5%), fishing (-39.9%), agricultural (-16.5%), as well as oil and natural gas (-38, 7%). Lower shipments ...
Source: El Economista America
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