Andina

Peru: Mining exports up 11.6% in Aug 2024

09:00 | Lima, Nov. 27.

Peruvian metallic and non-metallic mining exports totaled US$4.131 billion in August, an 11.6% increase compared to the figure reported in the same month of 2023, the Ministry of Energy and Mines (Minem) has reported.

According to the Mining Statistical Bulletin (BEM), mining exports totaled US$30.953 billion from January to August, exceeding the 2023 value by 8.3%.

This increase was driven by countries such as China, which has set the standard in the trade of minerals, base metals, machinery, and equipment.

Regarding metallic mining exports, it is important to mention that they reached US$4.025 billion in the eighth month, showing a positive variation of 11%.

The top shipped minerals include copper, gold, zinc, and lead, accounting for 88.7% of the total mining exports value and 57.8% of Peruvian sales abroad.

As for non-metallic mining exports, the value was US$106 million, which meant a favorable variation of 45.1% compared to the same month in 2023. This was due to higher shipments of natural calcium phosphate, anthracite, laminated safety glass for automobiles, among others.

Regarding copper shipments, a 0.4% increase was recorded through the end of August 2024, compared to the same period in 2023. These reached US$15.309 billion, making copper the leading mining export, with a strong 32.2% share of total Peruvian sales abroad.

As for copper export destinations, China maintained its leadership, accounting for 73.1% of the total, followed by Japan (7.7%) and South Korea (3%).

Regarding gold shipments, these amounted to US$1.395 billion in August 2024, showing a 46.3% growth compared to the same month of the previous year.

India was the top gold export destination, with 27.3%, followed by Canada, with 22.5%, and Switzerland, with 18.9%.

(END) NDP/MVB

Published: 11/27/2024