Record Performance
In the first seven months of 2025, Peru’s mining exports reached an unprecedented level, setting a new record in the country’s foreign sales. According to official figures, mineral exports surpassed US$30 billion, reflecting an 18% year-on-year increase. The surge was driven mainly by copper, gold, silver, and zinc shipments, consolidating Peru’s role as one of the leading global suppliers of strategic minerals in a context of strong international demand. Authorities described this milestone as proof of the sector’s resilience despite challenges in investment and governance.
Drivers of Growth
The record growth was fueled by favorable international prices and higher production from key mines in regions such as Apurímac, Arequipa, Ancash, and Cajamarca. Copper exports increased by more than 9%, while gold exports surged over 40%, reflecting strong performance in both industrial operations and formalized medium-scale mining. Silver concentrates and other byproducts also recorded significant growth, contributing to the diversification of Peru’s export basket. This positive performance was further supported by logistics improvements and the gradual recovery of Asian demand, particularly from China.
Implications and Risks
While the historic export figures highlight the economic importance of mining, experts have warned that reliance on mineral sales exposes Peru to volatility in global markets. Moreover, the expansion of production and exports continues to generate environmental and social pressures at the regional level, especially where illegal mining and conflicts remain unresolved. The challenge for Peru is to channel this record inflow into broader development, ensuring that revenues translate into sustainable infrastructure, social programs, and community trust. The milestone of 2025 is thus both a celebration of strength and a reminder of the urgent reforms still needed.