Mining output boosts exports

13 November 2016

The increase in mining output, mostly from Las Bambas and the expansion of Cerro Verde, have helped push Peru’s trade balance back towards positive terrain over the first three quarters of the year. The trade deficit was down to US$171 million, compared with just over US$3 billion in 2015, according to figures published by the central bank on 11 November. Exports for the first nine months this year totalled US$25.71 billion, and imports US$25.88

Of the export total, minerals accounted for just under 59%. Mining exports totalled US$15.17 billion, 10% up on the same period of 2015, with copper reaching US$6.9 billion and gold US$5.3 billion. Average prices for copper were down 19%, but the physical volume of copper exported rose a full 47.5% to 1.74 billion metric tons. For fuller details, consult
http://www.bcrp.gob.pe/docs/Estadisticas/Cuadros-Estadisticos/2016/cuadros-estadisticos-43-2016.pdf

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