Top Peru Exports 2024 Q1: Mineral Dominance

Peru Export Portfolio Overview in 2024 Q1

• Dominated by mineral exports: Ores, Slag & Ash (HS26, 40.4%) and Precious Metals & Stones (HS71, 16.9%).
• High concentration risk: Top two sectors account for 57.3% of total exports, heavily exposed to global commodity cycles.
• Reinforces Peru's economic identity as a primary resource exporter, dependent on mining and extractive sectors.

Table: Peru Top Export Product in 2024 Q1 (Source: yTrade)

Get Complete Peru Export HS Code Breakdown

Key Driver: Ores, Slag and Ash

• Driven by Copper Ores & Concentrates (HS2603), representing 72.1% of the sector's value.
• Pure raw material export, unprocessed beyond initial concentration.
• Dominance reflects Peru's massive copper reserves, low-cost mining operations, and strategic position in global metal supply chains, particularly for Chinese industrial demand.

Table: HS Code 26 Detailed Breakdown

Get Complete Peru Export HS Code Breakdown

Key Driver: Natural or Cultured Pearls, Precious Stones, Precious Metals

• Gold (HS7108, unwrought or in semi-manufactured forms) accounts for 96.3% of this sector.
• Acts as a complement to base metals, diversifying within extractives but still exposing Peru to precious metal volatility.
• Critical for foreign exchange earnings and fiscal stability, given its high value-to-weight ratio.

Table: HS Code 71 Detailed Breakdown

Get Complete Peru Export HS Code Breakdown

Key Driver: Edible Fruit and Nuts

• Avocados (HS0804), grapes (HS0806), and other fresh fruits (HS0810) are the main contributors, with no single product dominating.
• Represents a stable, high-value agribusiness segment with growth potential, less cyclical than minerals.
• Leverages Peru's diverse microclimates and counter-seasonal advantage in northern hemisphere markets.

Table: HS Code 08 Detailed Breakdown

Access Peru Complete Export Profile

Frequently Asked Questions

What is Peru's largest export commodity in 2024 Q1?

The largest export category is Ores, slag and ash (HS 26), valued at $6.54B. This sector is primarily driven by exports of Copper ores and concentrates (HS 2603), which alone account for 72.14% ($4.72B) of the total.

Which specific Ores, slag and ash products does Peru export most in 2024 Q1?

Within the Ores, slag and ash sector, the top exports are Copper ores and concentrates (HS 2603, $4.72B), Iron ores and concentrates (HS 2601, $532.09M), and Zinc ores and concentrates (HS 2608, $384.72M), which together account for 86.15% of the sector’s exports.

Does Peru export Natural or cultured pearls, precious or semi-precious stones in 2024 Q1?

Yes. Precious metals and stones (HS 71) is Peru’s second-largest export sector, valued at $2.74B. The primary driver is Gold (HS 7108), which makes up 96.34% ($2.64B) of the sector’s exports.

What are the main industries driving Peru's economy?

Peru’s economy is heavily reliant on mining, with the top three export sectors being:

1. Ores, slag and ash (HS 26, $6.54B, 40.44%)
2. Precious metals and stones (HS 71, $2.74B, 16.92%)
3. Edible fruit and nuts (HS 08, $1.37B, 8.47%).

Together, these three sectors account for 65.83% of total exports.

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 for Peru’s top mining exporters.