Peru's exports value reached US$44.932 billion between January and November 2017, a 23% increase from the same period in 2016, Lima Chamber of Commerce's (CCL) Foreign Trade Research and Development Institute (Idexcam) reported.
The result was mainly underpinned by higher metal prices
on the international market.
"This important increase was driven by the mining sector
, mainly by copper
, whose exports reached US$12.399 billion, up by 39% over the same term in 2016," Idexcam Executive-Director Carlos Posada expressed.
Between January and November 2017
, traditional sector shipments neared US$29.227 billion, a 29% expansion compared to the same period the previous year.
According to Posada, another metal that contributed to said growth was zinc, whose exports value totaled US$2.070 billion (+60%).
In addition, copper and zinc
export volumes expanded 1% and 2%, respectively.
On the other hand, fishmeal
shipments also saw increases in both value (+61%) and volume (+62%) if compared to the same term in 2016.