Top Peru Exports 2024 Q2: Market Insights

Peru Export Portfolio Overview in 2024 Q2

• Dominated by ores, slag and ash (HS 26, 41.4%) and precious metals/stones (HS 71, 18.2%), reflecting a classic extractive economy.
• Extreme concentration risk: Top two sectors account for nearly 60% of export value, leaving Peru highly exposed to global commodity price swings.
• This structure reinforces Peru's role as a global supplier of raw mineral inputs, not value-added goods.

Table: Peru Top Export Product in 2024 Q2 (Source: yTrade)

Get Complete Peru Export HS Code Breakdown

Key Driver: Ores, Slag and Ash

• Driven overwhelmingly by copper ores and concentrates (HS 2603, 70.4% of sector value).
• Pure raw material export, with minimal onshore processing before shipment.
• Dominance is resource-based: Peru holds the world's second-largest copper reserves, with output geared toward feeding smelters in China and other industrial hubs.

Table: HS Code 26 Detailed Breakdown

Get Complete Peru Export HS Code Breakdown

Key Driver: Precious Metals and Stones

• Powered by gold in unwrought forms (HS 7108, 96.0% of sector value), including non-monetary gold.
• Acts as a complement to copper, doubling down on mineral extraction but adding a monetary/metals diversification angle.
• Strategically critical: Gold provides a hedge within the mining sector and attracts different investor profiles than industrial metals.

Table: HS Code 71 Detailed Breakdown

Get Complete Peru Export HS Code Breakdown

Key Driver: Mineral Fuels and Oils

• Led by petroleum oils (HS 2710, 58.3% of sector value), primarily crude.
• A stable legacy sector, not a growth driver; Peru is a minor net energy exporter.
• Role is domestic security: Exports help balance the trade account but lack the scale or competitiveness to shift the national export profile.

Table: HS Code 27 Detailed Breakdown

Access Peru Complete Export Profile

Frequently Asked Questions

What is Peru's largest export commodity in 2024 Q2?

The largest export category is Ores, slag and ash (HS 26), valued at $7.08B. This sector is primarily driven by exports of Copper ores and concentrates (HS 2603), which alone account for 70.42% of the sector's total value.

Which specific Ores, slag and ash products does Peru export most in 2024 Q2?

Within the Ores, slag and ash sector, the top exports are Copper ores and concentrates (HS 2603, $4.98B), Zinc ores and concentrates (HS 2608, $430.31M), and Lead ores and concentrates (HS 2601, $434.67M), which together account for 82.64% of the sector's exports.

Does Peru export Natural or cultured pearls, precious or semi-precious stones in 2024 Q2?

Yes. This is Peru's second-largest export sector (HS 71), valued at $3.12B, and is primarily driven by Gold (including gold plated with platinum) (HS 7108), which makes up 96% 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, $7.08B)
2. Precious metals and stones (HS 71, $3.12B)
3. Mineral fuels and oils (HS 27, $1.08B).
   Together, these three sectors account for 65.98% of Peru's 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 Peruvian mining exporters.