The National Society of Mining, Petroleum and Energy (SNMPE) indicated that last year, copper accounted for 49% of the value of mining exports, while gold accounted for 32%.

Peruvian mining exports at the end of 2024 reached a record figure of 47.701 billion dollars, an amount that meant a growth of 11.5% compared to 2023 (42.790 billion dollars), the National Society of Mining, Petroleum and Energy (SNMPE) highlighted today.

The mining and energy association explained that last year, copper accounted for 49% of the value of mining exports, while gold accounted for 32%.

He also explained that the increase in the export value of mining products in 2024 compared to 2023 was supported by the higher value of shipments of gold (US$4.525 billion more), lead (US$373 million more) and tin (US$240 million more), due to the higher export volumes and prices recorded for the aforementioned metals.

SNMPE highlighted that mining exports accounted for 63% of Peru's total sales to the world in 2024.

Performance last December

The business association also announced that Peruvian mining exports in December 2024 amounted to 4.268 billion dollars, which reflected a growth of 6.3% compared to the same month in 2023 (4.016 billion dollars).

The SNMPE indicated that copper exports totaled 1.967 billion dollars in December, a figure that represented a decrease of 13.9% compared to December 2023 (2.284 billion dollars).

The contraction in copper exports reported in December was due to a 18% decrease in volume, despite the fact that its price increased by 5.1% compared to the same month in 2023.

On the other hand, he pointed out that gold exports reached 1,587 million dollars in December 2024, which represented an increase of 54.9% compared to the same month in 2023 (1,024 million dollars).

Exports of this precious metal benefited from an increase in its price of 29.6% and in volume of 19.5%, compared to December 2023.