Top Peru Exports 2025 Q1: Commodity Dominance

Peru Export Portfolio Overview in 2025 Q1

• Exports are dominated by raw materials: ores and metals (HS 26, 34.6%) and precious stones/metals (HS 71, 20.4%).
• Concentration risk is extremely high; the top two sectors alone account for 55% of total export value.
• This structure confirms Peru's role as a global supplier of primary commodities, making its economy highly sensitive to global industrial demand and commodity price cycles.

Table: Peru Top Export Product in 2025 Q1 (Source: yTrade)

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Key Driver: Ores, slag and ash

• The sector is overwhelmingly driven by a single product: Copper ores and concentrates (HS 2603), representing 68% of the category.
• This is a quintessential raw material, exported for smelting and refining abroad.
• Its dominance is rooted in Peru's vast copper reserves and its position as a top global producer, supplying essential inputs for construction, electronics, and the energy transition.

Table: HS Code 26 Detailed Breakdown

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Key Driver: Precious stones and metals

• The sector is almost entirely dependent on Gold (HS 7108), including unwrought forms, which constitutes 96.5% of the category.
• It acts as a complement to copper, doubling down on Peru's identity as a mineral exporter and providing a hedge via a different price and demand cycle (monetary vs. industrial use).
• Its strategic importance is dual: it is a major source of foreign exchange and is tied to global financial market sentiment and safe-haven demand.

Table: HS Code 71 Detailed Breakdown

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Key Driver: Edible fruit and nuts

• The category is led by Grapes (HS 0806), fresh or dried, which account for 43.8% of the sector's value.
• This represents a stable, high-value agricultural export, diversifying the portfolio away from pure mining.
• Its role is to leverage Peru's counter-seasonal growing advantages in key markets, providing a more stable, albeit smaller, revenue stream.

Table: HS Code 08 Detailed Breakdown

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Frequently Asked Questions

What is Peru's largest export commodity in 2025 Q1?

The largest export category is Ores, slag and ash (HS 26), valued at $6.36B. This sector is primarily driven by exports of Copper ores and concentrates (HS 2603), which alone account for $4.33B (68.06%) of the total.

Which specific Ores, slag and ash products does Peru export most in 2025 Q1?

Within the Ores, slag and ash sector, the top exports are Copper ores and concentrates (HS 2603, $4.33B) and Zinc ores and concentrates (HS 2616, $880.14M), which together account for 81.90% of the sector's total exports.

Does Peru export Natural or cultured pearls, precious or semi-precious stones in 2025 Q1?

Yes. Precious metals and stones (HS 71) is Peru's second-largest export sector, valued at $3.74B. The primary product is Gold (HS 7108), contributing $3.62B (96.54%) 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, $6.36B) and Precious metals and stones (HS 71, $3.74B) dominating 55.04% of total exports. The third-largest sector is Edible fruit and nuts (HS 08, $1.58B).

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.