LIMA: Positive news came this week on the side of three months of growth in the mining and hydrocarbons sector. Together, mining and hydrocarbons grew 1.49% since May, according to a study by the Peruvian National Institute of Information and Statistics, (INEI).
However, as a whole, Peruvian exports fell 19% from Jan.-May this year, reports the Chamber of Commerce of Lima (CCL).
Textiles, iron and steel, and non-traditional fishing receded in shipments in the last few months, representing a decrease of US$ 569 million.
The Center of Foreign Trade (CCEX, Spanish acronym) of the CCL states that the primary reason for the drop is the decline of the traditional sector. Minerals, agricultural, oil and fishmeal decreased 23%. The continuing fall of metals prices and oil products in the international market doesn’t help the situation.
As for non-traditional products, the sectors demonstrated a decrease of 10%, or US$ 832 million.
As a whole, exports from January to May this year totaled US$ 12.601 million, down by 19%.
Of the total 17 existing trade agreements Peru has, only three recorded an increase.
