Peruvian exports reached US$7.039 billion in November 2024, representing an 18.7% growth compared to the same period in 2023, the
According to the BCR, this result was boosted by the increase in export prices (+9.5%), as well as by the rise in volume (+8.4%).
The surge in costs was mainly due to the high international values of exported metals (gold, zinc, and copper), which also pushed up the prices of iron-steel products (copper manufactures), and to a lesser extent, higher rates for coffee and the non-traditional fishing sector.
Volume
The increase in volume is attributed to higher shipments of copper concentrates, hydrocarbons, as well as products from the non-traditional agricultural and iron-steel sectors.
From January to November 2024, exports totaled US$68.183 billion, an 11.6% growth compared to the same month in 2023.
This uptick was mainly driven by prices, which grew by 8%, and to a lesser extent by volume, which rose by 3.3%.