Friday , February 3 2023

Peru imports grow 10.7% and rebound in January-September 2018 | American economy


Lima .- Peru's imports rose positively compared to the year-on-year increase of 10.7 percent between January and September, Comex Peru said.

The Association said Peru imports totaled $ 32.26 billion between January and September 2018, according to Sunat, the country's chief customs officer.

"In this way, it will reaffirm the dynamism that started in 2017 after three years of decline," Comex Peru said.

He pointed out that the positive results were due to an increase in imports of intermediate goods (+ 18.4%), consumer goods (+ 4.4%) and capital goods (+ 4.1%).

Revenues for the month of September totaled $ 348 million, up 1.1% from the same month in 2017.

Peru's imports were followed by China with $ 73.66 billion (+ 13.7%) and the US with $ 6,947 million (+ $ 17) in the first nine months of this year. %).

"Adex said," 44.4% of total revenue between these two markets is concentrated around the world. "

Likewise, Brazil, Ecuador and Mexico are the top five countries in terms of imports, with $ 1,738 million (-4.9%), $ 150 million (+ 41.8%) and $ 1,488 million (+ 10.9% I heard inside.

Intermediates lead to growth. During the analyzed period, intermediate goods imports accounted for 49.3% of total imports, up 18.4% year on year to $ 15,894 million.

In the subdivision, fuel imports accounted for 32.4% of item purchases and reached $ 5.14 million (+ 30.1%).

The main imported products are crude oil ($ 2.172 million); + 24.3%), accounting for 42.1% of fuel imports. Diesel 2 has a sulfur content of less than 50ppm (1.25mn, 16.5%).

As for the latter, it should be noted that 96.1% of the income comes from the United States.

Purchases of industrial raw materials (+ 14%) and agriculture (+ 9%), which account for 60.1% and 7.4% of imported intermediate products, maintained a positive trend.

In the first group, purchases of solid corn ($ 540 million, 3.2%) and other wheat ($ 380 million, 8.8%) were outstanding. The second category is cakes and other solid residues from soybean oil extraction ($ 416 million, + 22.6%) and other animal feed preparations ($ 71 million, + 32.6%).

Capital assets are still lower than previous levels. Capital goods revenues totaled $ 950 million, accounting for 28.1% of the total, up 4.1% from a year earlier.

The dynamics of this item were primarily $ 228.8 million worth of capital equipment (+ 15.2%) in transport equipment and $ 370 million in pick-up trucks with a maximum load of less than 4,537 T, or 21.7% lost.

Likewise, agricultural capital goods showed a positive performance (+ 12.1%) of $ 1,220 million and highlighted the cleanup of other crops ($ 14 million, or 93.6%).

For construction materials, it was valued at $ 94.2 billion (+ 2.4%) and was noticed with an alloy-free steel or steel rod (US $ 105 million, + 22.7%).

Finally, industrial capital goods, which account for 62.9% of this item, showed moderate growth (+ 0.3%).

The best products were mobile phones ($ 789 million, + 2.2%), of which 93.5% were imported from China.

Consumer goods remain dynamic. Finally, consumer goods, which account for 22.6% of total revenue, were $ 272.91 million, up 4.4% from January-September 2017.

Purchases of non-durable goods, which accounted for 55.6% of the total, amounted to $ 4,055 million (+ 3.6%).

The most prominent imported products in this sector are other medicines for human use (US $ 234 million, + 5.5%) and other footwear and rubber or plastic soles (US $ 156 million, + 21.3%) .

Total purchases of durable goods, which account for 44.4% of item imports, totaled $ 3,236 million (+ 5.5%).

In this group, motor vehicle imports of 1,500 to 3,000 cubic meters, which had reached $ 391 million between January and September, maintained a negative trend in recent months, down 13.2 percent. Increased election tax on consumption.

TV imports, on the other hand, were $ 392 million, up 29.5% between January and September.

As the figures indicate, this year's earnings have shown positive results that can be associated with better power in our industry.

While it is true that intermediate and consumer purchases have reached the previous year level, capital goods have not yet reached that level of dynamism.

Given this, an overview of political stability is essential, which will increase business confidence in the country and ensure that projects and portfolio investments are made to foster industry.

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