Peruvian mining exports reached a record US$47.701 billion by the end of 2024, marking an 11.5% increase compared to 2023 (US$42.790 billion), the
The guild explained that copper accounted for 49% of mining export value, while gold represented 32% last year.
It specified that the increase in the export value of mining products in 2024, compared to 2023, was driven by higher shipments of gold (+US$4.525 billion), lead (+US$373 million), and tin (+US$240 million) due to greater volumes and higher prices for the aforementioned metals.
The SNMPE underscored that mining exports accounted for 63% of Peru's total sales to the world last year.
Performance in December 2024
The business guild also reported that Peru's mining exports in December 2024 totaled US$4.268 billion, a 6.3% increase compared to the same month in 2023 (US$4.016 billion).
The SNMPE reported that copper shipments totaled US$1.967 billion last December, a 13.9% decrease compared to the same period in 2023 (US$2.284 billion).
The decline in copper exports reported in December was due to an 18% drop in volume, despite a 5.1% increase in price compared to the same month in 2023.
On the other hand, it noted that gold shipments reached US$1.587 billion in December 2024, marking a 54.9% increase compared to the same month in 2023 (US$1.024 billion).
Exports of this precious metal were boosted by a 29.6% increase in price and a 19.5% rise in volume compared to December 2023.