‘Industria Peru’ exceeded expectations, closed with more than US$30 mn in commitments

‘Industria Peru’ exceeded expectations, closed with more than US$30 mn in commitments
Photo: PromPeru

LIMA, Oct 7 (NNN-ANDINA) — The business matchmaking event “Industria Peru” (Peru Industry) —held within the framework of the Perumin mining convention — exceeded all expectations, generating business commitments worth US$30.8 million to consolidate over the next twelve months, the Commission for the Promotion of Peru for Exports and Tourism (PromPeru) has announced.

This result significantly exceeds the projections initially set at US$10 million.

The event saw the participation of 29 buyers from Argentina (5), Bolivia (4), Brazil (2), Chile (5), Colombia (2), Ecuador (4), Mexico (6), and Panama (1), as well as 60 exporting entrepreneurs linked to the mining supply sector from Lima and Arequipa.

It is important to mention that 95% of the Peruvian companies which participated in “Industria Peru” are small and medium-sized enterprises (SMEs). They conducted 321 business meetings at the two-day event. 

Among the most demanded products were metal structures, drilling equipment, underground supports, drones, casting parts, mill spare parts, hydraulic connectors, ventilation equipment, and slurry pumps.

This was the third edition of “Industria Peru” held within the framework of Perumin, dedicated to the mining suppliers sector and developed with the purpose of generating business opportunities with related companies in Latin America, as well as positioning the Peruvian exportable offer abroad.

Exports of mining supply products in 2022 reached US$522 million, experiencing a 7% increase compared to the previous year.

A total of 185 products from 1,118 companies in 19 Peruvian regions were placed at 97 markets, primarily in South America (48%), North America (23%), and Europe (15%).

Last year, the main export destinations were: Chile (US$79.4 million), the United States (US$72.3 million), Brazil (US$43.3 million), Mexico (US$40.5 million), Bolivia (US$37.7 million), Colombia (US$37.1 million), Ecuador (US$31.5 million), the United Kingdom (US$18.3 million), Argentina (US$14.1 million), and the Netherlands (US$13.2 million).
Exports from this sector amounted to US$238 million during the first half of 2023.

The most exported products included machine parts, grinding balls, drilling machines, zinc oxide, refined raw lead, and polycarbonate sheets. — NNN-ANDINA

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