From 2022-Q2 to 2025-Q1, Peru’s Upstream Copper Industry exports grew steadily, reaching about 6.61 million USD in 2025-Q1, while Upstream Zinc Industry exports rose more modestly to around 635,000 USD. Copper exports hit their lowest at 4.79 million USD and highest at 6.61 million USD, showing minor ups and downs across the period. Zinc exports fluctuated between 548,000 USD and 787,000 USD, starting with slight decreases and finishing with modest rises. The overall growth rate was 3.0% for copper but -1.9% for zinc. Correlation between the two was weak and inverse, with both showing limited volatility. Copper consistently outperformed zinc, highlighting a clear gap in export performance.
From 2022-Q2 to 2025-Q1, Peru’s Copper Concentrate exports relative to the Upstream Copper Industry steadily increased, rising from 85.8% to about 90.0%, with only minor fluctuations along the way. The final value in 2025-Q1, showing a 1.6 percentage point gain from the same quarter in 2024, was entirely expected based on prior trends. The ratio experienced limited volatility overall, with its lowest and highest points—84.8% and 90.4%—both occurring in 2024-Q4. Meanwhile, Zinc Concentrate exports relative to the Upstream Zinc Industry followed a slightly different path. Initially, the ratio rose slightly with minor fluctuations, but it declined modestly in the closing period. Overall, it dropped by roughly 3.1 percentage points, from 66.8% to 63.8%, and the final value was relatively unexpected compared to earlier quarters. The lowest and highest points—63.8% and 71.4%—were both observed in 2023-Q3. Correlation analysis shows almost no relationship between the copper and zinc ratios, meaning their trends evolved independently. Despite the limited fluctuations in both export ratios, copper consistently maintained a significantly higher share than zinc, highlighting a clear performance distinction between the Upstream Copper and Zinc Industries over the evaluated period.
From 2022-Q2 to 2025-Q1, Copper Concentrate consistently held a stronger position in the exports of Peru’s Upstream Copper Industry than Zinc Concentrate did in the Upstream Zinc Industry. In most quarters, copper ranked higher, and this leadership never changed throughout the 12 quarters reviewed. Copper Concentrate maintained a more significant and prominent role in trade, accounting for about 87.6% of upstream copper exports, while zinc represented around 68.6% of upstream zinc exports. This comparison clearly shows that copper played a more influential role than zinc in the sector’s export performance, keeping its importance and impact steady over the analyzed period.