📋 Tender Overview
The Ministry of Energy and Mines (MINEM), through the Mining Statistical Bulletin (BEM), reported an increase in Peruvian metallic and non-metallic mining exports of US$ 3492 million in July 2023, which represents an increase of 23.0% compared to what was reported in July 2022.
The BEM indicates that, as of July of this year, the registered value was US$ 24,484 million, showing a growth of 7.5% in relation to the same period of the previous year, due to the fall in inventories in China, the main consumer of copper and zinc in our country.
With respect to metallic mining exports, it is important to mention that, throughout this seventh month, they reached the figure of US$ 3411 million, showing a variation of 24.5% compared to what was recorded in July 2022, reflected in the higher volumes of copper (+31.6%), gold (+3.9%), refined silver (+31.2%), zinc (+27.3%) and iron (+16.2%).
These metals are the most in demand internationally, as they are linked to the energy transition industries, representing 57.5% of total Peruvian exports and 87.9% of exports in the mining sector during 2023.
As of the seventh month of 2023, copper is in first place in exports, representing 35.1% of the total and registering a total of US$ 1,934 million and a favorable variation of 44.6%, compared to the same month of the previous year.
On the other hand, the value of copper exports from January to July 2023 was US$ 13,133 million, showing an increase of 16.0% compared to the same period in 2022, with China being the first destination with 71.3%, then Japan with 7.3% and South Korea with 4.1% of the total exported.
As for gold exports, in July 2023 they totaled US$ 873 million, representing a growth of 16.7% compared to the same month of the previous year. As of the seventh month of 2023; the first gold export destination is Canada with 26.6%, followed by India with 23.0%, followed by Switzerland with 17.2% and the United States with 15.7% of total exports.
