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Peru's mining exports grew 2.7% in the first quarter
Wednesday, June 26, 2024 - 10:30
Oro. Foto: Andina.

They totaled US$13,624 million and gold shipments increased.

Peru's mining exports in the January-April period of this year totaled US$ 13,624 million, an amount that represents a growth of 2.7%, compared to the similar period of 2023 (US$ 13,268 million), indicated today the National Society of Mining, Oil and Energy (SNMPE).

Likewise, in the aforementioned period, he detailed that copper exports represented 49% of mining products sold abroad, while gold and iron, 32% and 5% respectively.

On the other hand, he pointed out that in April of this year they totaled US$3,328 million, an amount 11% lower than the same month of 2023 (US$3,376 million).

He explained that the drop in mining exports last April was mainly due to the decrease in shipments of copper (US$ 502 million less), zinc (US$ 82 million less) and lead (US$ 54 million less).

The mining and energy union detailed that copper exports totaled US$ 1,549 million last April, a figure that represented a decrease of 24.5% compared to the same month in 2023 (US$ 2,051 million).

The contraction of copper exports registered in April was because the volume fell by 27.6%, despite the fact that the price of this metal increased by 4.3% compared to the same month last year.

Gold exports grow

On the other hand, the SNMPE indicated that gold exports reached US$ 1,205 million in April 2024, which represented an increase of 26.4% compared to the same month in 2023 (US$ 953 million).

“Exports of this precious metal benefited from the increase in volume by 8.4% and its price by 16.6% compared to the same month in 2023,” stated the mining-energy union.

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Agencia Andina