Worrying drop in export-linked employment in Peru

The Center for Research on Global Economy and Business of the Exporters Association CIEN-ADEX has revealed concerning data regarding job creation associated with exports in Peru. According to the report 'Impact of Exports: Employment and GDP', in April 2024 there was a 12% decrease in the number of jobs linked to exports compared to the same month of the previous year. Among the sectors analyzed, it was identified that 8 out of 14 sectors experienced declines in job creation, with primary fishing and fishing and aquaculture being the most affected sectors with a decrease of 63.5% and 55.6% respectively. On the other hand, traditional agriculture and textiles were the only sectors that saw positive growth with an increase of 22.3% and 28.8% respectively. Regarding the regional distribution of jobs generated by exports, it was observed that the Coast and the Andean region were the most affected with reductions of 19.7% and 18% respectively. Conversely, the Amazon and Lima and Callao regions showed positive trends in job creation. The situation in some regions such as Apurímac, Lambayeque, and Amazonas is also concerning, as they recorded the most negative rates in job creation associated with exports, while regions like Huánuco, Loreto, and Puno experienced significant growth in this aspect. In terms of international markets, Asia emerged as the main driver of job creation in Peru, despite experiencing a 19% decline. North America, Europe, Latin America, Oceania, and Africa also played important roles in job creation linked to Peruvian exports. In the first four months of the year, there was a 1.5% setback in job creation associated with exports, with value-added exports being the most affected with a 7.6% decrease. Despite this outlook, it was identified that some sectors managed to increase job creation, which could be a sign of recovery in the future. In summary, the data presented by CIEN-ADEX reflects a concerning scenario regarding job creation associated with exports in Peru. It is essential that measures are taken to boost the competitiveness of export sectors and promote job creation in the country, especially in such a changing and challenging global context as the current one.