Andina

Peru makes progress as a supplier of goods and services to mining in overseas markets

Photo: ANDINA/Ricardo Cuba

Photo: ANDINA/Ricardo Cuba

19:33 | Arequipa (Arequipa region), Sep. 28.

Foreign Trade and Tourism Minister Juan Carlos Mathews on Thursday affirmed that the Peruvian suppliers of goods and services to mining are gaining ground in different overseas markets.

"This field of supplies to mining, with regard to exports, has seen an important growth in the last years, and Latin America remains the main market, but other interesting destinations, such as the United States, have started to emerge," he said.

At the Perumin 36 Mining Convention, the minister noted that among the most exported products are: machine parts, grinding balls, drilling machines, zinc oxide, refined raw lead, polycarbonate sheets, conveyor belts, as well as pumping and ventilation equipment.

"These Peruvian products have begun to enter markets in Europe, Africa, and Asia, thus establishing as an interesting front," he remarked.

"This makes mining look different because it is often associated with large companies, and when we talk about this supply business, micro and small-sized enterprises are the most involved companies," the government official underscored.

Moreover, the Cabinet member explained that the domestic market of suppliers of goods and services to mining is valued at almost US$10 billion.

"Only in the field of supplies of goods and services to mining, we are talking about 800,000 jobs," he said.

The Commission for the Promotion of Peru for Export and Tourism (PromPeru) reported that exports from Peruvian suppliers to mining reach US$522 million per year, while in the first half of 2023 shipments abroad totaled US$238 million.

Port and airport hub

Minister Mathews pointed out that Peru is committed to becoming a port and airport hub in Latin America.

"Having the Jorge Chavez Airport expansion completed by January 2025, as well as the more than US$500 million investment in the northern and southern piers of the Port of Callao, and the extremely important investment in the Port of Chancay, generate great expectation among various countries in Latin America, such as Brazil and Chile, due to time and cost reduction," he stated.

(END) CNA/JJN/RMB

Publicado: 28/9/2023