Peru: Mining exports reached historic record high in October 2025

08:57 | Lima, Feb. 5.

Peru's mining exports totaled US$49.629 billion during the January–October 2025 period, marking a 24.6% increase compared with the same period in 2024 and setting an all-time record, the Ministry of Energy and Mines (Minem) reported.

Likewise, the government agency indicated that this record further consolidates mining as the leading foreign-currency-generating sector for the Peruvian economy.

According to the Minem's Mining Statistical Bulletin (BEM), these growth indicators reflect stronger global demand and increased dynamism in metal prices across international markets.

In October 2025 alone, the value of metallic and non-metallic exports reached US$6.580 billion, a 67.3% increase from US$3.932 billion recorded in the same month of 2024.

This performance was supported by higher international prices for copper, gold, and zinc, driven by the extension of the tariff truce between the United States and China, as well as expectations of an upcoming interest-rate cut by the Federal Reserve.

"Within the transition toward clean energy, mining continues to play an essential role as the (country's) main source of foreign currency and a key engine of national foreign trade," the report stated. It was prepared by the Directorate General of Mining Promotion and Sustainability (DGPSM).

Minem added that the mining sector not only underpins a significant share of foreign trade but also exerts a strategic influence on macroeconomic performance nationwide.

Exports comprise metallic minerals (65.8%) and non-metallic minerals (1.1%), jointly accounting for 66.9% of Peru's total export value.

"Within this range of minerals exported to international markets, copper, gold, zinc, and lead stand out, accounting for 91.1% of total mining export value and 60.9% of national exports," the document underscored.

(END) NDP/MDV/MVB

Published: 2/5/2026