According to the Bnamericas website, the central bank’s statistics show that in October, although exports of copper, iron ore and tin declined, most of the exports of metals increased the country’s mineral exports year-on-year.
October, Peru’s exports amounted to 3.84 billion U.S. dollars, an increase of 8.2%, of which, the export of mining products for 2.344 billion U.S. dollars, the year-on-year growth of 11.8%. With imports rising 9.6% to 3.5 billion, Peru’s trade surplus fell to $346 million from $363 million a year earlier.
October, Peru’s largest exports of copper exports of 1.2 billion U.S. dollars, an increase of 6%. Although exports fell 204900 tonnes to 27.6%, copper prices rose from 1.81 dollars/pound to 2.65 dollars/pound, or 46.6%.
Gold exports rose 9.5% to $660 million. Exports grew 7.6% to 515,500 ounces; export prices rose from 1257 US dollars/ounces to 1280 dollars/ounces, or 1.8%.
Zinc ore export volume of 110,200 tons, an increase of 15.8% per cent, exports to 233 million U.S. dollars, growth of 69%. Lead ore export volume of 77,300 tons, an increase of 16.5% per cent, exports to 163 million U.S. dollars, an increase of 34.8%. Lead and zinc prices have all risen.
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Molybdenum exports to 2500 tons, an increase of 2.8% year-on-year, export prices rose 29.5%, export growth of 33%, to 39 million U.S. dollars.
Silver exports to 700,000 ounces, an increase of 39%, exports to 12 million U.S. dollars, growth of 29.2%.
Affected by the 20-day iron mine strike, Peru’s iron ore exports fell by 87% in October, only 100,000 tonnes, and exports fell 81% to $5 million.
The volume of tin exports was 1600 tonnes, down 19% per cent, and exports to 33 million U.S. dollars, down 15%.
Other minerals, phosphate ore exports of 30 million U.S. dollars, an increase of 12% per cent, steel and smelting metal exports of 113 million U.S. dollars, an increase of 28%.
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