Top Peru Exports 2024 Q3: Market Shift

Peru Export Portfolio Overview in 2024 Q3

• Dominated by mineral exports: Ores, slag and ash (HS26, 37.87%) and precious metals/stones (HS71, 18.04%) account for over half of total exports.
• High concentration risk: Top two sectors represent 56% of exports, leaving Peru heavily exposed to global commodity price swings and demand cycles.
• This structure reinforces Peru's role as a critical supplier of raw materials to industrial and luxury goods supply chains, with limited value-added processing onshore.

Table: Peru Top Export Product in 2024 Q3 (Source: yTrade)

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Key Driver: Ores, slag and ash

• Driven by copper ores and concentrates (HS2603, $5.34B), representing 70% of the sector’s value.
• Product Type: Raw material—unprocessed mineral feedstock for global smelting and refining.
• Insight: Peru leverages its world-class copper reserves and mining infrastructure, but exports remain at the base of the value chain, capturing minimal downstream margins.

Table: HS Code 26 Detailed Breakdown

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Key Driver: Precious metals and stones

• Dominated by gold in unwrought forms (HS7108, $3.49B), comprising 96% of the sector.
• Acts as a complement to mineral ores—both are extractive, price-volatile, and tied to industrial and financial demand.
• Strategically important as a high-value, compact export, but reinforces dependency on unrefined commodity sales.

Table: HS Code 71 Detailed Breakdown

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Key Driver: Edible fruit and nuts

• Led by fresh blueberries (HS0810, $652.77M), capturing 44% of the sector.
• Represents a stable, high-growth agro-export niche with stronger value retention than mining.
• Role: Emerging counterweight to mineral dependency—Peru’s climate and agricultural modernization support premium fruit exports with more resilient pricing.

Table: HS Code 08 Detailed Breakdown

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Frequently Asked Questions

What is Peru's largest export commodity in 2024 Q3?

The largest export category is Ores, slag and ash (HS 26), valued at $7.65B. This sector is primarily driven by exports of Copper ores and concentrates (HS 2603), which alone account for $5.34B (69.8%) of the total.

Which specific Ores, slag and ash products does Peru export most in 2024 Q3?

Within the Ores, slag and ash sector, the top exports are Copper ores and concentrates (HS 2603, $5.34B), Zinc ores and concentrates (HS 2608, $495.38M), and Lead ores and concentrates (HS 2607, $305.50M), which together dominate the industry.

Does Peru export Natural or cultured pearls, precious or semi-precious stones in 2024 Q3?

Yes, this is Peru’s second-largest export sector (HS 71), valued at $3.65B. The primary driver is Gold (HS 7108), contributing $3.49B (95.64%) of the total.

What are the main industries driving Peru's economy?

Peru’s economy is heavily reliant on mining, with Ores, slag and ash (HS 26, $7.65B) and Precious metals (HS 71, $3.65B) dominating exports. The third-largest sector is Edible fruit and nuts (HS 08, $1.48B), reflecting some diversification.

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.