Andina

Gold consolidates position as Peru’s second largest export product

Perú es el sexto país con mayores reservas de oro a nivel mundial

Perú es el sexto país con mayores reservas de oro a nivel mundial

16:36 | Lima, Apr. 20.

Gold consolidated its position as the second largest export product of Peru with shipments amounting to US$41 billion in the 2011-2015 period, the Peruvian National Society of Mining, Petroleum and Energy (SNMPE) informed.

The association explained that gold exports totaled US$41.5 billion between 2011 and 2015, accounting for 36% of the nation’s mining exports (US$116.8 billion) in such five-year period.

Main markets

Only in 2015, gold shipments of US$6.5 billion represented 35% of mining exports, which rose to US$18.8 billion and accounted for 19% of Peru’s total exports (US$34.1 billion).

Peruvian gold exports reached US$10.1 billion in 2011, US$9.5 billion in 2012, US$8.5 billion in 2013, and US$6.7 billion in 2014.

In January-February 2016 shipments were US$1 billion, and the main destinations included Switzerland, Canada, the United States, India, plus the United Kingdom.

The future of gold mining in Peru and the world will be addressed at the 12th International Gold & Silver Symposium, set to be held in Lima on May 17-18, 2016.

The international event will feature businessmen, investors, executives and professionals involved in gold and silver mining activities, as well as several authorities. 

(END) JCC/JJN/RMB/MVB

Published: 4/20/2016
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