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Mining exports account for nearly 60% of Peruvian shipments

10:32 | Lima, Nov. 6.

Peruvian mining exports accounted for 59.9% of total shipments during the first eight months of 2019, according to the latest Statistical Mining Bulletin elaborated by the General Directorate of Promotion and Mining Sustainability (DGPSM) of Peru's Energy and Mines Ministry (Minem).

The result obtained in August by mining shipments was US$2.289 billion, a figure that represents a monthly growth of 0.66% compared to similar month in 2018.

From the total, metal mining exports amounted to US$2.243 billion, which meant an increase of 1% over the same month the previous year.

The result of the eighth month was the outcome of the increase in the exported value of gold (6%), iron (317.3%), lead (8.9%), and molybdenum (109.9%) because of the expansion in shipment volumes.

Exports

From January to August 2019, greater exports of iron, molybdenum and tin stood out, with growth rates of 95.8%, 15.3% and 11.2%, respectively.

During that period, mining confirmed its position as the sector with the greatest contribution to Peru's total exports, as it represents 59.9% of the total, including shipments of metallic (58.6%) and non-metallic (1.3%) minerals.

It should be noted the main exported products —from this sector— are copper, gold, zinc and lead, which accounted for more than 90% of mining exports' total value and more than 50% of national exports value.

(FIN) RGP/MVB

Published: 11/6/2019
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