Top Peru Exports 2024: Mineral Dominance

Peru Export Portfolio Overview in 2024 Whole Year

• Dominated by ores, slag, and ash (HS26, 39.1%) and precious metals/stones (HS71, 18.0%), reflecting a heavy reliance on extractive industries.
• Concentration risk is extremely high, with these two sectors alone accounting for 57% of total export value.
• This structure underscores Peru's role as a global supplier of raw mineral and metal commodities, with limited export diversification beyond primary resources.

Table: Peru Top Export Product in 2024 (Source: yTrade)

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Key Driver: Ores, slag and ash

• Driven overwhelmingly by copper ores and concentrates (HS2603, 70.8% of sector value).
• Product type is entirely raw material, with no downstream processing evident in export data.
• Dominance stems from Peru's vast copper reserves, ranking among the world's top producers, and mining sector capitalization rather than technological or manufacturing advantages.

Table: HS Code 26 Detailed Breakdown

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Key Driver: Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin

• Gold in unwrought forms (HS7108, 95.8% of sector value) is the absolute driver.
• Acts as a complement to copper mining, reinforcing Peru's identity as a primary commodity exporter rather than a counterweight to diversification.
• Strategically important as gold provides a price hedge against copper market volatility and taps into different global demand cycles.

Table: HS Code 71 Detailed Breakdown

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Key Driver: Edible fruit and nuts; peel of citrus fruit or melons

• Led by fresh grapes (HS0810, 35.8% of sector), complemented by avocados (HS0804, 24.6%) and blueberries (HS0810 likely includes these).
• Represents a stable and growing non-mining export pillar, though still secondary to mineral dominance.
• Role is as an emerging agro-export success story, leveraging Peru's counter-seasonal advantage in Northern Hemisphere markets and diversified climate zones.

Table: HS Code 08 Detailed Breakdown

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Frequently Asked Questions

What is Peru's largest export commodity in 2024 Whole Year?

The largest export category is Ores, slag and ash (HS 26), valued at $28.95B. This sector is primarily driven by exports of Copper ores and concentrates (HS 2603), which alone account for $20.49B (70.78%) of the total.

Which specific Ores, slag and ash products does Peru export most in 2024 Whole Year?

Within the Ores, slag and ash sector, the top exports are Copper ores and concentrates (HS 2603, $20.49B), Zinc ores and concentrates (HS 2608, $1.76B), and Lead ores and concentrates (HS 2607, $1.19B), which together dominate the industry.

Does Peru export Natural or cultured pearls, precious or semi-precious stones in 2024 Whole Year?

Yes, Natural or cultured pearls, precious stones, etc. (HS 71) is Peru’s second-largest export sector, valued at $13.31B. The primary driver is Gold (HS 7108), contributing $12.76B (95.83%) of the total.

What are the main industries driving Peru's economy?

Peru’s economy is heavily reliant on mining and agriculture, with the top three export sectors being Ores, slag and ash (HS 26, $28.95B), Precious metals/stones (HS 71, $13.31B), and Edible fruit and nuts (HS 08, $6.43B).

How to find Peru Ores, slag and ash suppliers?

You can access a list of active suppliers and exporters for Ores, slag and ash (HS 26) using the yTrade database, which provides detailed shipment records and company contacts.

Detailed Quarterly Report

Peru Top Export Product 2024 Q1Peru Top Export Product 2024 Q2Peru Top Export Product 2024 Q3Peru Top Export Product 2024 Q4