Peru Mining Exports Surge 56% to US$42.2 Billion

Peru’s mining exports reached US$42.221 billion, representing a 56% increase compared with the same period last year, according to figures from the National Society of Mining, Oil and Energy (SNMPE). ANDINA — Peru mining exports Mining products accounted for 74.8% of Peru’s total exports, highlighting the sector’s central role in the country’s international trade. Copper was the largest contributor, with exports reaching US$19.455 billion, up 53.3%, while gold exports climbed 62% to US$15.808 billion. Peru21 — Mining exports grow 56%

Copper represented 46.1% of the value of Peru’s mining exports, while gold accounted for 37.4%, meaning the two metals together represented more than 83% of the sector’s export value. Lead also made a significant contribution, with its export value increasing by approximately US$1.585 billion compared with the previous year. Instituto de Ingenieros de Minas del Perú — Mining’s strategic role in exports The strong performance continued in the latest monthly figures, with mining exports reaching US$6.429 billion, while copper and gold remained the principal sources of export growth.

The increase has been supported by both Peru’s mineral production and stronger international prices. Copper prices were 41.9% higher year-on-year, while gold prices increased by 26.1%, helping raise the overall value of Peru’s mineral shipments. The performance strengthens Peru’s position as a major supplier of strategic resources to international markets, particularly copper, which is essential for electricity networks, renewable-energy infrastructure, industrial production and wider electrification. With mining accounting for nearly three-quarters of the country’s export value, the latest figures also underline the importance of the sector to Peru’s foreign-exchange earnings and its position within the wider Global South minerals economy.