The National Institute of Statistics and Informatics (INEI) reported today that the fishing sector grew by 52.33% in July this year, explained by the greater capture of species for industrial consumption (232.57%) and direct human consumption of maritime origin (23.89% ).

The INEI Economic Activity Short-Term Technical Report explains that the favorable result of fishing for industrial use (232.57%) was based on the landing of 200,000 tons of anchovy, compared to what was reported in July 2018 (60,000 tons) .

In turn, the fishing of species for direct human consumption (23.89%) increased due to the greater availability of species for the preparation of canning (152.2%), frozen (35.1%), curing (10%) and consumption in the fresh state ( 8.8%).

Exports
With information as of August 28 of this year, total exports decreased 3.23% in July 2019, compared to the same month of the previous year, due to lower shipments of traditional products (-8.92%), while shipments of non-traditional products (13%).

Traditional shipments that reported a decrease included mining, fishery, oil and natural gas products, however, agricultural exports increased.

The non-traditional products that stood out for their greater shipments were agricultural, textile, fishing, chemical, iron and steel and non-metallic mining; however, the export of mechanical metal products was reduced.

Imports

In July 2019, the total amount imported decreased by 0.79% when compared to July last year, according to information provided as of August 22 of this year.

This result was due to the reduction in the import of raw materials and intermediate products (-8.10%), compared to the same month of the previous year; while the acquisition of capital goods and construction materials increased (9.54%), followed by consumer goods (2.27%).

Tax collection
According to information provided by the National Superintendence of Customs and Tax Administration (Sunat), the collection of the Selective Consumption Tax (ISC) amounted to 392 million soles, that is, 44.66% more than in July 2018.

Likewise, the General Sales Tax (IGV) of internal origin amounted to 3,137 million soles, which is 2.86% higher than the one recorded in the same month last year.

On the contrary, Customs Taxes totaled 2,368 million soles, which meant a reduction of -4.55% when compared to July 2018.