Total exports grew 11.97% in November last year from the same month a year ago, underpinned by higher traditional shipments (19.38%), the National Institute of Statistics and Informatics (INEI) informed on Sunday.
The most demanded traditional products were those derived from mining, such as copper, gold, zinc, lead, iron and tin, as well as oil and natural gas derivatives and coffee.
Nevertheless, INEI reported that non-traditional exports posted a 2.40 contraction in November 2016.
Products that experienced such drop include those in textile and metal mechanic industries; whereas, the demand for farming, fishing and iron and steel products expanded.
Imports in decline
According to data updated as at December 18, 2016, imports on CIF (cost, insurance and freight) basis dropped 1.56% in November last year, explained by a reduced procurement of capital goods (-5.32%) and consumer goods (-7.06%).
Likewise, the procurement of raw materials and intermediate products saw a 5.16% rise.
Internal tax collection
According to information provided by the National Customs and Tax Administration (Sunat), the general sales tax (IGV) of domestic origin grew to S/2.59 billion (about US$770.8 million), up by 0.12% compared to November 2015.
Likewise, the collection of customs duties increased 6.50% to S/2.28 billion (about US$680.3 million) from the same month a year ago.
On the other hand, the selective consumption tax collection reached S/303.1 million (around US$90.2 million), that is, 17.08% less than in November 2015.
(END) MDV/MDV/RMB
Published: 1/1/2017