The Ministry of Energy and Mines (MINEM) announced on March 14 that Peru’s mining exports reached approximately $55.4 billion from January to November 2025, marking a 23.4% increase compared to the same period in 2024 and already exceeding the total exported in all of 2024.
This growth is attributed to stronger global demand for metals and higher international prices. According to MINEM’s Statistical Mining Bulletin, exports of metallic and non-metallic mining products in November 2025 alone totaled $5.94 billion, representing a 15.9% rise over November of the previous year.
MINEM said this monthly performance was driven by increased demand for gold as a safe-haven asset, which also indirectly boosted silver prices due to their close relationship. The copper market remained tight because of expectations for limited supply amid continued strong global demand.
Mining continues to play a strategic role in Peru’s economy during the transition toward clean energy sources. From January to November 2025, mining accounted for 67% of the country’s total export value, highlighting its significant impact on macroeconomic performance.
Metallic mineral products made up 65.9% of total exports, while non-metallic minerals contributed another 1.1%, confirming the dominance of metallic mining in Peru’s export basket. Copper, gold, lead, and zinc together represented 91.2% of total mining export value and accounted for 61.1% of national exports during this period.
MINEM said this high level of concentration underscores the importance of metals for Peru’s integration into international markets—especially given sustained global demand linked to energy transition efforts, manufacturing industries, and investment in valuable assets.
