Peru: Traditional exports up 23% in Jan 2018

Exports. Photo: ANDINA/ Archive.

Exports. Photo: ANDINA/ Archive.

14:56 | Lima, Mar. 12.

Peru's traditional exports totaled US$2.855 billion in January 2018, up by 22.8% compared to the same month last year, Central Reserve Bank (BCR) reported.

Said result was mainly due to higher sales of copper, gold, oil derivatives and zinc. 

In the analyzed month, the average price of traditional products rose 21.4% supported by an increase in the prices of copper (+29.3%), gold (+11.7%), zinc (+44.2%), crude oil and derivatives (+29%). 

Likewise, the shipped volume of traditional products grew 1.2% mostly explained by higher sales of copper (+8%), gold (+10%), coffee (+12%), as well as crude oil and derivatives (+17.4%).

At regional level, January saw increasing non-traditional product shipments to Asia (+28.9%), Europe (+28.3%) and North America (+12%).

Copper and gold exports

The shipped volume of copper amounted to 202,000 tons, a 7.6% increase over the same month in 2017.

Moreover, the exported volume of gold reached 522,000 troy ounces, a 10% rise compared to the same period the previous year.  

Higher shipments of concentrated copper were made by mining companies such as Antamina (+31.9%), Las Bambas (+0.4%), Antapaccay (+53.7%), Constancia (+208.8%) and Trafigura (+430.9%).

On the other hand, greater exports of refined copper were registered under Southern Peru Copper Corporation (+29.2%).

Finally, higher gold shipments by Buenaventura (+53.8%), Aurifera Retamas (+36.3%), trading companies (+16.2%) and Yanacocha (+6.3%) were also recorded in January.


Published: 3/12/2018