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Peru’s 2025 Exports Seen Rising 16.5% to $86.7 Billion on Metals Strength, ADEX Says

A softer 2026 is projected as prices cool, with jewelry slumping under new U.S. tariffs.

Overview

  • ADEX projects a broad-based 2025 advance led by mining, which is expected to grow 18.8%, alongside solid gains in agroindustry and traditional agriculture.
  • Copper prices near $4.50–$5.00 per pound have lifted receipts, and the metal accounted for about 30% of export value between January and July with China taking 74.1% of shipments.
  • Minem reports August year-on-year production increases in zinc (+29.2%), gold (+8.1%), iron (+7.6%), tin (+3.6%), silver (+2.1%) and lead (+1.5%), with copper output up 6.5% versus July.
  • Regional exports excluding Lima and Callao reached $42.776 billion in January–August, up 20.8% year over year, while value-added shipments rose 23.3%.
  • ADEX expects steep 2025 declines in jewelry (−46.7%) linked to U.S. tariffs and forecasts a 4.3% overall export rise in 2026 as momentum fades, as authorities court investment with a $64 billion mining project pipeline.