Andina

Peru: Mining exports exceed US$16.6 bn in August 2017

Peruvian mining. Photo:ANDINA/Archive/Carlos Lezama

Peruvian mining. Photo:ANDINA/Archive/Carlos Lezama

08:00 | Lima, Oct. 12.

Peru's mining exports reached US$16.698 billion in the first eight months of 2017, up 24% over the same period last year, the National Society of Mining, Oil and Energy (SNMPE) reported.

Growth was mainly underpinned by greater shipments of copper, gold and zinc, among other metals.  

Copper

In the analyzed period, copper exports amounted to US$8.252 billion, thus registering a 35% rise compared to the same period in 2016 (US$6.127 billion).

In this sense, China, Japan, South Korea and India were the main markets for such sales.

Gold

SNMPE also pointed out Peru's gold exports totaled US$5.164 billion, a 7% increase over the same period in the year before (US$4.830 billion).

Switzerland, the United States, India and Canada were Peru's top gold export destinations.

Zinc

Between January and August, zinc shipments rose to US$1.351 billion, up 56% from its similar period last year (US$864 million).

The largest export markets for Peruvian zinc included China, South Korea, Spain, Brazil and Japan.

August

According to SNMPE, Peruvian mining exports expanded 26% to US$2.392 billion in August with respect to the same month in 2016 (US$1.899 billion).

Such figure was mainly driven by greater prices and volumes of copper as well as higher gold export volumes.

(END) MDV/JJN/JAA/RMB

Published: 10/12/2017