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2/19/18

What Peru exported in 2017

According to the SNMPE this week, in 2017 Peru exported U$44.918Bn worth of goods to the world. Of that total:
  • U$13.773Bn was copper
  • U$7.979Bn was gold
  • U$5.407Bn was all other metals (e.g. Zn, Pb, Mo, Ag, Fe, Sn, etc)
The rest was covered by everything else they exported, from non-metal mining goods like cement and gypsum, through its big industries of fishing and fishmeal, to popular exports like coffee, veg and fruit all the way down to alpaca knitwear and genuine Inca ballpoint pens. Everything, which comes U$17.759Bn. Here's a piechart to put that into context:




It's fair to say that without mining, and without copper in particular, Peru is royally screwed. On the other hand, the Sol (PEN) may well turn out to be a decent currency play this year as long as they can get the godawful political scene into some sort of shape.