Peru’s mining exports consolidate their recovery, registering a growth of 20.6% between January and September 2025, adding a total of US$42.12 billion, according to a report released by the National Society of Mining, Petroleum and Energy (SNMPE).
The figure contrasts with the US$34,913 million obtained in the same period of 2024 and confirms the strength of mining as the main driver of the country’s external sales.
The analysis of the energy mining union indicates that the participation of mining in total Peruvian exports remains at high levels, representing the 65% of total sales abroad during the first nine months of the year. The sector’s performance is largely explained by the behavior of the two main metals produced in the country: copper and gold.
According to the SNMPE, Copper exports reached US$19.36 billion between January and September 2025reflecting a growth of 12.1% compared to the US$17,264 million reported in the same period of 2024. Copper continues as the country’s main mining export product, representing the 46% of the value of mining sales abroad in the accumulated year.
For its part, gold is showing even greater momentum. Gold exports added US$15,743 million to September, which is equivalent to a growth of 43.1% compared to the US$10,999 million registered in the first nine months of 2024. Gold began to concentrate the 37.4% of the value total mining exports so far in 2025, driven mainly by the behavior of international prices.
The union explained that the higher value of shipments of gold (which totaled US$4,744 million more than the previous year) and copper (an additional US$2,096 million) explain most of the expansion of mining exports in the period from January to September.
The report of the SNMPE also details the results of September of this year, when mining exports reached US$5,506 milliona year-on-year growth of 29.1% compared to the US$4,265 million registered in September 2024.
Broken down by metals, copper exports in September totaled US$2,638 millionreflecting an increase in 29.3% compared to that month last year. This increase responds, according to the union, to an increase in 17.3% in the international price of coppercombined with an expansion of the 10.3% in exported volume.
In the case of gold, exports in September reached US$2,091 millionan increase of 46.9% compared to the same month of 2024 (US$1,424 million). The sector benefited from the improvement in the international price of the metal in 42.6%along with a 3% increase in volume shipped outside the country.
The evolution of international metal prices and the ability to sustain and expand production directly influence the trade balance and tax collection, positioning mining as the central axis of Peruvian export performance in 2025.
