Sunday, December 10, 2023

Exports of non-mining goods from Cauca increased by 16.3%

In eight months, exports of non-mining goods from Cauca increased by 16.3%

Photo caption: 97.9% of Cauca’s exports to the world between January and August correspond to non-mining and energy goods. The sale of this type of assets amounted to US$101.7 million. They grew by 16.3%.

The main destination of these sales is the United States, where almost a third of them are sold. They are followed by Peru, Ecuador, and Chile.

Exports of non-mining and energy goods made in the department of Cauca between January and August of this year reached US $ 101.7 million and grew by 16.3% compared to the same period in 2022 when they reached US $ 87.4 million.

This behavior, according to the analysis of the Ministry of Commerce, Industry, and Tourism based on DANE figures, places Cauca as the third department with the highest growth among the 17 main exporters of goods, not mining.

Sugar is one of the main export products of this territory, and it precisely helped to improve the behavior of foreign trade.

In the non-mining export basket, and by adding two tariff subheadings: other raw cane sugar without added flavoring and other cane or beet sugars, it represents almost 40% of it, that is, US $40.5 million. with a positive change in its external sales of 92.4%, compared to the January-August 2022 period.

Other famous products that this region sends to the world and that participate in 12.7% of this basket, are medicines for human use. US$12.7 million was exported and registered a 20.4% growth compared to the same period in 2022.

Likewise, Cauca exports a raw material used for the production of both powder and liquid detergents. These are alkylbenzene sulfonic acids, representing 6.1% of the non-mining exports of this department, which reached US $ 6.2 million and grew 26.6%.

There are also other papers and cardboard, which joined this non-mining pie with 2.6% and reached US$2.6 million, and their exports grew by 405% compared to the first 8 months of 2022.

By destination, the market that most promotes these exports is the United States, where almost a third of these products go: 28.2%, representing about US $ 28.7 million. Between January and August, exports from this region to that market grew by 54%, driven by sugar and paper.

Followed by markets such as Peru, which represents 14.5% (US$14.7 million), which increased by 11% compared to the period January – August 2022. Medicines for human use and soaps stand out there.

Then there is Ecuador, which participates in 11.2%, that is, US$11.3 million, for an increase of 5%. Exports to this destination are boosted by pharmaceuticals, alkylbenzene sulfonic acid, and paper and cardboard.

And finally, Chile stands out, representing 7.5% of the non-mining pie, with US $ 7.6 million, and a sales growth in this market of 443% compared to the first 8 months of 2022. This dynamic is explained by products such as sugar, soap, and medicine.

World Nation News Desk
World Nation News Desk
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