Peru: Manufacturing exports surpassed US$1 billion in January-February 2022 | News | ANDEAN

Manufacturing shipments totaled US$1.053 billion between January and February 2022, an increase of 31.5% over the same period last year (US$800 million) and surpassing the US$1 billion mark for the first time in this period, the Association of Peruvian Exporters (Adex) reported on Wednesday.

Despite the good results, Adex’s manufacturing director, Melissa Vallebuona, warned that four sectors (textiles, clothing, metals and miscellaneous) had not exceeded their maximum amounts from previous years.

“Although the trend is positive, the objective is to exceed historical figures in each sector, ending 2022 with new records,” explained Vallebuona.

“We are convinced that this objective can be achieved, because the manufacturing process involves a skilled workforce, especially in technology and innovation, which generates many jobs,” she added.

Another favorable aspect, she said, is the current offshoring, i.e. foreign buyers are now looking for suppliers located closer to production areas, which rules out Asian countries, mainly due to additional costs generated by the international crisis and the conflict between Russia and Ukraine.

The sector with the best performance by FOB amount is chemicals, totaling US$332 million, an increase of 31.9%. In addition, sales accounted for 31.6% of the total.

The sector’s main export products were sulfuric acid, zinc oxide, undenatured ethyl alcohol, and other propylene polymer plates and sheets, which were mainly shipped to Chile, the United States, in Ecuador, Bolivia and Colombia.

The iron and steel industry (US$276 million) accounted for 26.2% of manufacturing exports, posting a 36.8% increase.

The main destinations for these shipments were Colombia, the United States, Bolivia, South Africa and Ecuador.

The most exported products were unalloyed zinc, refined copper wire, unalloyed iron or steel bars, unalloyed silver, refined copper plates and strips, etc.


Published: 04/05/2022

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