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Peru Exports Set August Record, Mark 16 Straight Months of Growth

Mining-led gains from higher copper and gold prices set a new monthly record.

Overview

  • Exports reached US$8.729 billion in August, up 28.6% year over year and the highest monthly total on record, according to CIEN-ADEX.
  • Cumulative shipments for January–August totaled US$55.64 billion, an 18.8% increase from a year earlier, producing a trade surplus of US$16.151 billion.
  • Mining led the expansion with US$36.611 billion in exports (+21.6%), with copper export value up 16.7% and gold up 42.7%, supported by stronger prices.
  • Official data identify China as the top destination at US$20.733 billion, while exporters’ reports highlight the United States as leading in their market-share breakdowns.
  • Performance was uneven, with steep August drops in jewelry, wood, non‑metallic mining, primary fishing and apparel, even as 8,475 firms sold to 166 markets and most were MSMEs.