Andina

Peru: Copper exports totaled US$13.488 bn between Jan-Nov 2018

09:00 | Lima, Jan. 16.

Peru's copper exports totaled US$13.488 billion between January and November 2018, thus increasing 8.6% compared to the same period the previous year (US$12.421 billion), privately-run National Society of Mining, Oil, and Energy (SNMPE) reported.

According to the guild, said shipments accounted for 30.4% of the Inca country's total exports (US$44.354 billion) in the 11-month period.

Likewise, copper exports made up 51.8% of total mining shipments worth US$26.022 billion in the aforementioned period.

SNMPE also indicated foreign sales of the metal reached US$1.331 billion in November, a 6.1% decrease compared to the same month in 2017 (US$1.417 billion). 

The main target markets for said exports were China (65%), Japan (9%), and South Korea (6%).

Gold

On the other hand, gold exports amounted to US$7.325 billion between January and November 2018, thus dipping 1.5% over the same period the previous year (US$7.439 billion).

In the eleventh month, gold sales abroad totaled US$624 million. Furthermore, major export destinations were India (30%), Switzerland (29%), and the United States (25%). 

Lastly, SNMPE indicated Peruvian mining exports reached US$26.022 billion between January and November 2018, accounting for 58.7% of total shipments (US$44.354 billion). 

(END) CNA/DTK/MVB

Published: 1/16/2019
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