Top Peru Exports 2024 Q4: Mineral Dominance

Peru Export Portfolio Overview

• Dominated by raw materials: Ores/slag/ash (37.3%, $7.67B) and precious metals/stones (18.5%, $3.81B) account for over 55% of total exports.
• Concentration risk is extremely high, with the economy heavily exposed to global commodity price cycles and demand from a few key industrial sectors.
• This structure cements Peru's role as a primary resource exporter, not a manufacturing or value-add hub.

Table: Peru Top Export Product in 2024 Q4 (Source: yTrade)

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Key Driver: Ores, Slag and Ash

• Driven by copper ores and concentrates (HS 2603), representing $5.44B or 71% of the sector.
• Product Type: Pure raw material, exported for smelting and refining abroad.
• This dominance exists due to Peru's vast copper reserves, established mining infrastructure, and strong demand from Chinese industrial and green energy sectors.

Table: HS Code 26 Detailed Breakdown

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Key Driver: Precious Metals and Stones

• Driven by gold in unwrought forms (HS 7108), representing $3.64B or 95.5% of the sector.
• Acts as a complement to mining, diversifying the export basket within the extractive industry.
• Strategically important as a high-value, liquid asset that provides a hedge within the commodity complex and attracts foreign investment into mining.

Table: HS Code 71 Detailed Breakdown

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Key Driver: Edible Fruit and Nuts

• Driven by grapes (HS 0806) and other fresh fruit (HS 0810), which together account for 88% of the sector's value ($2.41B).
• Represents a stable, high-growth agro-export pillar. It diversifies away from pure mining and leverages Peru's counter-seasonal advantage in northern hemisphere markets.
• Its role is to provide more stable demand and employment, though it remains vulnerable to climate and logistical risks.

Table: HS Code 08 Detailed Breakdown

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Frequently Asked Questions

What is Peru's largest export commodity in 2024?

The largest export category is Ores, slag and ash (HS 26), valued at $7.67B. This sector is primarily driven by exports of Copper ores and concentrates (HS 2603), which alone account for 70.95% of the sector's total value.

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

Within the Ores, slag and ash sector, the top exports are Copper ores and concentrates (HS 2603, $5.44B) and Zinc ores and concentrates (HS 2608, $448.90M), which together make up 76.8% of the sector’s exports.

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

Yes. Precious metals and stones (HS 71) is Peru’s second-largest export sector, valued at $3.81B, primarily driven by Gold (HS 7108), which accounts for 95.51% 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 industries being:

1. Ores, slag and ash (HS 26, $7.67B, 37.3%)
2. Precious metals and stones (HS 71, $3.81B, 18.52%)
3. Edible fruit and nuts (HS 08, $2.74B, 13.31%).

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.