Exports of metal mining products grew more than 27% during April
• Thanks to increased zinc production, according to the Mining Statistics Bulletin of the Ministry of Energy and Mines
The Ministry of Energy and Mines (Minem) reported that the value of exports of metallic mining products in the month of April amounted to 2,456 million dollars, a figure that represented a variation of 27.2% over the same month of 2017.
This increase is mainly due to higher zinc production, which resulted in an 88% increase in the value of its exports.
According to the information provided in the Minem Statistical Bulletin of Minem, the good performance of exports of metallic mining products in April resulted in an increase of 23% in the value of accumulated exports from January to April 2018.
Regarding the value of exports of non-metallic mining products, they reported in April an amount of 51 million dollars, thus presenting an increase of 77% compared to the same month of the previous year, being that in the accumulated of January to April the year-on-year variation was 24%.
Based on the results presented above, it is necessary to point out that mining reaffirms its position as the subsector with the highest participation in Peru’s trade balance, since mining products (metallic and non-metallic) accounted for 63% of the value of National exports in April (ie the month of analysis).
It should be noted that our country stands out among the leaders of metal production in the world, occupying the second place as producer of copper, silver and zinc; the fourth place as producer of lead and molybdenum; and the sixth place as a producer of gold and tin. Likewise, at the Latin American level it stands out for being the main producer of gold, zinc and lead, and for being in second place as producer of copper, silver and molybdenum.