To Get Personalised contents and be able to add items to your favourites, please Sign In or Sign Up          

Peruvian exports fall 11% in H1 on metals prices

News » Sports


Peru, the world's third largest copper, zinc and tin producer, saw total export value drop 11% in the first half of 2014 due to falling metals prices, the Lima chamber of commerce said in a press release.

Exports fell to US$18.1bn in January-June from US$20.4bn a year earlier, the chamber said in a statement. They fell 12% year-on-year to US$2.93bn in the month of June, it said.

First half mining export revenue declined 23% to US$8.94bn from US$11.6bn the previous year, it said. Traditional commodities including minerals, oil and gas accounted for 70% of Peru's export revenue, the chamber said.

Steel and refined metal products dropped 19% to US$509mn from US$625mn a year earlier, according to the chamber. Manufactured metal products declined 16% to US$239mn from US$286mn the previous year and non-metallic mining products including phosphates fell 9% to US$316mn from US$346mn a year earlier.

Peru's exports, led by copper and gold, are expected to drop overall for a third year by 4% in 2014, according to exporter group Adex. Peru will see mining production drop 1% this year as older mines deplete and new projects take longer than expected to start up, the country's central bank said last month.

Article Credit: Bnamericas

Updated 5 Years ago

Find Us On Facebook

Tags:     Peru     copper     Zinc     Tin