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"Exports in March amounted to $ 2.2 billion, falling by 40.7%, this is the most severe drop in recent years, even deeper than in April and January 2009 and in December 2008 (a decrease of 33.6% , 33.5% and 33.5% respectively), when Peru was hit by the effects of the financial crisis in the United States," the statement reads.
In this case, the country was faced with a set of factors - a drop in production and a reduction in global demand. "The country expects a deeper and longer fall, so an urgent government response is needed to increase the competitiveness of Peruvian exports," the association said.
All sectors failed, from the chemical (-25.6%), fisheries (-60%) to mining, except for metals (-66.9%). "In serious condition due to the paralysis of production against the backdrop of the COVID-19 sector, which in the last 12 months has been in a phase of reduction - textiles, metallurgy, woodworking and others," said ADEX.
In the first quarter, exports amounted to just over $ 9 billion 205 million, which is 15.8% less compared to the same period in 2019. The fisheries sector (-55.6%), oil and natural gas (-39.7%), as well as traditional agriculture (-33.4%) suffered the most. The mining sector declined by 11.3%.
source: reuters.com
In this case, the country was faced with a set of factors - a drop in production and a reduction in global demand. "The country expects a deeper and longer fall, so an urgent government response is needed to increase the competitiveness of Peruvian exports," the association said.
All sectors failed, from the chemical (-25.6%), fisheries (-60%) to mining, except for metals (-66.9%). "In serious condition due to the paralysis of production against the backdrop of the COVID-19 sector, which in the last 12 months has been in a phase of reduction - textiles, metallurgy, woodworking and others," said ADEX.
In the first quarter, exports amounted to just over $ 9 billion 205 million, which is 15.8% less compared to the same period in 2019. The fisheries sector (-55.6%), oil and natural gas (-39.7%), as well as traditional agriculture (-33.4%) suffered the most. The mining sector declined by 11.3%.
source: reuters.com
