BCR: Peruvian exports totaled US$65,835 million in 2022

export was $65.835 million last year, up $2.684 million from what was achieved in 2021, the Central Reserve Bank (CRB) said.

So, shipments abroad last year increased by 4.3% compared to 2021, which is explained by better average prices for exported products and large volumes of shipments abroad, he said.

On a monthly basis export in December 2022 they were $6,053 million, down 5.1% from December 2021, he said.

This was mainly due to lower prices for minerals (copper and zinc) and falling volumes of traditional products other than copper, which offset higher average prices for non-traditional products, he said.

Tourism

The Peruvian economy will continue to be affected in the coming months due to shutdowns caused by protests, as the Central Reserve Bank (BCR) indicated a few days ago.

Peru is estimated to lose US$600 million during the first half of the year due to reduced tourist inflows alone, but this is not the only negative shock.

BCR Central Economic Research Manager Adrian Armas pointed out that there is a greater decline in confidence scores in the southern regions.

“When looking at the indicators of regional business confidence, there is more deterioration in the southern zone, but it’s not just the south, it’s the whole country,” he said.

This deterioration not only affects the potential GDP of the economy, but also “reflects a drop in business performance and leads to a decrease in investment and spending cuts.”

(Andean/RPP)