Copper Exports of Peru in 2024: All You Need to Know About the Latest Trade Updates

Copper has been Peru’s leading mining export, with an annual trade share of 50% of the nation’s mining industry. The copper export of Peru has experienced fluctuation in its complex interplay of factors. The export production is valued at 2.74 million metric tons, with a flat decline of 0.7% from the previous year, worth a valuation of 22 billion US dollars. Peru Import Data says the strategic trade rate reflects the country’s pivotal role in the global copper market and its utmost capabilities in facing the challenges regarding the stability of production levels.

The annual contribution of top export destinations like China and Japan with an annual share of 73.1% and 7.7% are some of the attributing factors behind the growing export services accompanying the increase in trade demands and valuable pricing strategies. Import Globals with its Peru trade data highlights the regional shipments of copper from its trade management authorities to other importing destinations. This comprehensive analysis of the copper export of Peru in 2024 highlights the potential marketing regions that beginner business owners can prefer for recording a positive upward trajectory in their trades; countering the annual trade valuation of 2024.

SIGNIFICANCE OF COPPER EXPORTS IN THE ECONOMY OF PERU

The copper export of the Peruvian economy is one of the strongest bases that maintains stability in the import and export trade market. Despite a slight decline of 0.7% in the production amount from the previous year, the export category still accounted for 50% of the total mining export revenue generation. The strong demand for this globally sought commodity in different industrial sectors for the essential manufacturing of globally demanded construction essentials and mining industry essentials has fostered the annual valuation of Peruvian copper.

The Government Authority’s commitment to the severe expansion of its copper industry, with planned projects like Southern Copper’s Tia Maria, is on the go to increase the production rate by 120,000 tonnes annually. These initiatives are implemented with the aim of infrastructure development to double its revenue generation, enhancing export capabilities.

THE LEADING VARIANTS OF COPPER EXPORTED FROM PERU IN 2024

The technological evolution of the mining industries and the low-cost labor force engaged in the production of essential acquisitions has indulged the country in introducing diversification in global copper supplies. According to the Peru Export Data, the top 10 leading variants of copper exported from the nation in 2024 are,

  1. Copper Cathodes — The export trade value of Copper Cathodes from Peru in 2024–7 billion US dollars
  2. Copper Concentrates- The export trade value of Copper Concentrates from Peru in 2024–6 billion US dollars
  3. Refined Copper- The export trade value of Refined Copper from Peru in 2024–5.6 billion US dollars
  4. Copper Wire Rods- The export trade value of Copper Wire Rods from Peru in 2024–4.8 billion US dollars
  5. Blister Copper- The export trade value of Blister Copper from Peru in 2024–3.7 billion US dollars
  6. Copper Tubes and Pipes — The export trade value of Copper Tubes and Pipes from Peru in 2024–2.9 billion US dollars
  7. Copper Wire- The export trade value of Copper Wire from Peru in 2024–2.4 billion US dollars
  8. Copper Plates- The export trade value of Copper Plates from Peru in 2024–1.87 billion US dollars
  9. Anode Copper Slabs- The export trade value of Anode Copper Slabs from Peru in 2024–1.5 billion US dollars
  10. Copper scrap- The export trade value of Copper scrap from Peru in 2024–1 billion US dollars

THE TOP 10 EXPORT TRADE PARTNERS OF PERU FOR COPPER IN 2024

Peru has established itself as a leading exporter of copper due to its cost-effective pricing strategies and closer geographical proximity with most of the top copper importers worldwide. According to the Peru Customs Data, the top 10 export trade partners of the nation for copper exports in 2024 are,

  1. China — The total annual export trade value of copper exported from Peru to China in 2024–8.1 billion US dollars

Top 5 variants of goods exported

1. Copper cathodes

2. Copper concentrate

3. Copper ore

4. Refined copper bars

5. Electrolytic tough pitch (ETP) copper rods

2. Japan — The total annual export trade value of copper exported from Peru to Japan in 2024–6.9 billion US dollars

Top 5 variants of goods exported

1. High-purity oxygen-free (HPOF) copper wire

2. DLP Copper Rods

3. High Purity Oxygen-Free (HPOF) Copper Wire Bars

4. Copper Chromium Zirconium(CuCrlZr)

5. Copper Iron

3. South Korea — The total annual export trade value of copper exported from Peru to South Korea in 2024–5.8 billion US dollars

Top 5 variants of goods exported

1. Silver Bearing Tellurium Free Brass

2. Lead-Free Machining Brass

3. Phosphor Deoxidized Arsenical Refinery Shapes

4. Beryllium Copper Alloys

5. Copper Nickel Silicon Tellurium

4. United States — The total annual export trade value of copper exported from Peru to the United States in 2024–5.1 billion US dollars

Top 5 variants of goods exported

1. Titanium Beryllium Copper

2. Red Brass

3. Leaded Commercial Bronze

4. Hard Pressure Casting Alloy

5. Semi-Red Press-Forging Alloy

5. Germany — The total annual export trade value of copper exported from Peru to Germany in 2024–4.7 billion US dollars

Top 5 variants of goods exported

1. Aluminum Silicon Brasses

2. Manganese Silicon Brass

3. Brass Forgings

4. Yellow Forging Alloys

5. Brass Investment Castings

  1. Brazil — The total annual export trade value of copper exported from Peru to Brazil in 2024–3.8 billion US dollars

Top 5 variants of goods exported

1. Copper scrap

2. Copper tubes

3. Refined copper alloys, unwrought

4. Deoxidized High Phosphorus (DHP) Copper

5. Chromium-Copper Alloy

7. Chile — The total annual export trade value of copper exported from Peru to Chile in 2024–2.7 billion US dollars

Top 5 variants of goods exported

1. Nickel-Copper Alloy

2. Lead-Coated Copper

3. Copper Concentrates

4. Fire Refined High Conductivity

5. Trolley Wire Grade A

8. Italy — The total annual export trade value of copper exported from Peru to Italy in 2024–1.85 billion US dollars

Top 5 variants of goods exported

1. Copper sheets

2. Copper scrap

3. Copper concentrate

4. Copper matte

5. Copper powder

9. Netherlands — The total annual export trade value of copper exported from Peru to Netherlands in 2024–1.2 billion US dollars

Top 5 variants of goods exported

1. Copper flakes

2. Electrodeposited copper foil

3. Copper billets

4. Copper scrap

5. Anticorrosion brasses

10. Belgium — The total annual export trade value of copper exported from Peru to Belgium in 2024–1 billion US dollars

Top 5 variants of goods exported

1. High-leaded brasses

2. Underground mine communication cable

3. Trolley wire

4. Radiator tubing

5. Flexible metal conduit

Comments

Post a Comment

Popular posts from this blog

Overview of the Optical Equipment Import of Vietnam in 2023

Image
The demand for optical equipments in Vietnam has been steadily rising over the years because of the on growing demands from the industrial sectors and other consumer base. The growing awareness about eye care and its vital treatment regarding different fatal diseases is recording a positive impact over the whole eye care import of the nation in 2023 recording an annual growth rate of 10% year from 2019 onwards. Stability in trade relationship with different leading trade destination estates and attractive pricing strategies facilitate the annual import market. The growing domestic acquisitions and the limited production capability of the healthcare industries regarding the production of optical equipment have made the country record an annual import value of 2.3 billion US dollars in 2023. Import Globals with its Vietnam Trade Data highlights the global trade insights of the country’s regional shipments for helping the business holders expand their business worldwide via optimization o...
Read more

Seafood Export of Uganda in 2023

Image
Seafood consumers right now are gradually increasing with time because of the different health benefits it provides to the in-taker. The different vitamins present like vitamin A, vitamin B, and vitamin D not only benefit the health but also aid the proper functioning of the immune system. The globally growing demands and the increasing production cavity of the industrial sectors are promoting the exporting rate of seafood contributing to a minimal share of the total annual export trade revenue. The use of different modern technologies for preserving seafood products and increasing its shelf life along with the greater workforce engaged in it for efficient production have led to a total export trade value of 500 million US dollars in 2023. Import Globals, Uganda Trade Data, highlights the key trade insights of the country’s global trade of seafood to help the business holders adapt to the strategies of business expansion worldwide.    TOP 10 SEAFOOD EXPORTS OF UGANDA IN 2023 A...
Read more

Import and Export Procedures in Vietnam 2023

Import Procedures in Vietnam: Import License: Some goods require an import license issued by the relevant authorities in Vietnam. Importers should check whether their products fall under this category. Customs Declaration: Importers must complete customs declarations accurately and submit them along with supporting documents to customs authorities. Vietnam Import Data Customs Clearance: Imported goods must undergo customs clearance procedures, which include inspection, assessment of duties and taxes, and compliance verification. Payment of Duties and Taxes: Importers are responsible for paying import duties, taxes, and other applicable fees based on the classification and value of the imported goods. Documentation: Required documents for importation typically include commercial invoices, packing lists, bill of lading or airway bills, import permits or licenses (if applicable), and certificates of origin. Export Procedures in Vietnam: Export Registration: Some products may require ex...
Read more