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Peru Posts Record First‑Half Exports of US$54.0 Billion Driven by Mining

Surging copper and gold shipments lifted overall trade but experts say the gain exposes Peru’s dependence on commodity prices and the need for policies to broaden and export base.

Overview

  • Official data show Peru’s exports totaled US$54,049 million in the first half of 2026, a 34% year‑on‑year rise, the government reported Thursday.
  • Mining led the increase with US$39,875 million in shipments, a 49% jump driven mainly by copper (US$18,563 million, +42.8%) and gold (US$13,972 million, +59.2%).
  • China remained the top destination at about US$20,850 million, and the number of exporters rose to 7,798 with roughly 65% classified as micro, small or medium enterprises.
  • Non‑traditional exports grew modestly to US$10,569 million (+2.2%) and agroexports reached US$5,667 million (+3.7%), while sectors such as jewelry, metalworking, primary fishing and garments recorded sharp declines.
  • ADEX urged policies to expand the exporter base, boost value added, and strengthen legal certainty and infrastructure so export gains translate into formal jobs and private investment and reduce vulnerability to commodity price swings.