Peru’s Mineral Product Exports Grow by 21% in First Half of the Year

According to the BNAmericas website, despite global trade uncertainties, Peru’s exports are still expected to hit a record high this year.

In the first half of the year, Peru’s export value reached $40.1 billion, a 20.1% increase compared to $33.4 billion in the same period of 2024. Exports of mineral products, including metals and non-metals, amounted to $25.9 billion, accounting for 64.6% of the total and reflecting a 21.1% growth.

With the exception of iron ore, all mineral products saw double-digit growth in export value.

A report from Peru’s Ministry of Foreign Trade and Tourism (Mincetur) showed that in the first half of the year, the country’s copper exports reached $12.6 billion, up 12.3% year-on-year. In June alone, exports were $2.17 billion, an increase of 5.9%.

Thanks to rising gold prices, Peru’s gold exports in the first half of the year surged by 45.7% to $8.57 billion.

Zinc exports rose from $1.03 billion in the first half of 2024 to $1.31 billion, while silver exports climbed from $477 million to $946 million.

Molybdenum exports reached $889 million.

China remains the top destination for Peru’s mineral product exports. In the first half of the year, Peru’s copper exports to China grew from $8.01 billion in the same period last year to $9.27 billion. Gold and silver exports to China also rose from $243 million and $445 million to $947 million and $913 million, respectively.

The United States was the second-largest destination for Peru’s mineral product exports, with export value increasing from $1.07 billion in the first half of 2024 to $1.21 billion. Of this, $341 million was gold.

The EU remained the second-largest destination for Peru’s copper exports ($1.19 billion), followed by Japan ($979 million), South Korea ($385 million), and Brazil ($247 million). For gold, the main export destinations were Canada ($1.73 billion), India ($1.59 billion), and Switzerland ($1.12 billion).

Source: https://geoglobal.mnr.gov.cn/zx/kydt/zhyw/202508/t20250807_9944982.htm