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BCRP: exports fell 14.5% in January due to lower shipments of mining products

BCRP: exports fell 14.5% in January due to lower shipments of mining products

During the first month of 2023, Peruvian exports reached US$4,695 million, which represents a 14.5% drop compared to January last year, when they totaled US$5,492 million, as reported by the Central Reserve Bank of Peru ( BCRP).

This negative result is due to lower volumes of traditional products such as copper, gold, zinc and hydrocarbons. According to the entity, this is explained by the transport problems that the companies of the first two minerals mentioned had in January, mainly in the south. Meanwhile, the low production for the month was concentrated in gas and zinc.

In detail, shipments of traditional products they reached US$3,221 million in January of this year, which represents a decrease of 20% year-on-year. Although all sectors experienced a setback, the greatest decrease was observed in mining goods and natural gas.

Traditional exports in January.  Source: BCRP

Traditional exports in January. Source: BCRP

The shipped volume of copper reached 153,000 metric tons (MT), which translates into a drop of 39,000 MT or -20.3% compared to January 2022, mainly by Trafigura, Cerro Verde, Southern, The BambasAntapaccay and Antamina.

This drop occurs in the context of the protests that did not allow the shipments of the mining companiesmainly in the south of the country”, detailed the monetary entity.

Meanwhile, the volume of gold shipped totaled 305,000 troy ounces, which implies a decline of 30.8% compared to the first month of 2022. This result was mainly due to YanacochaAres, Minera Coimolache, Veta Dorada and trading companies.

Source: Larepublica

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