Peru’s exports to Germany totaled $438.9 million over the first quarter of the year, a 77 percent increase compared to the same period in 2011, according to Adex (Peru’s Exporters Association).

The increase has placed Germany as the seventh largest importer of Peruvian goods, Peru21 reported.

Peru’s increases in exports were driven by higher mineral sales, mainly copper, Adex said.

Raw material exports reached $396.2 million between January and March, a 99 percent increase compared to the same period in 2011.

Meanwhile, shipments of traditional products increased by 190% in the agricultural sub-sector, and reached a total of $32.5 million, driven by higher coffee exports.

However, value-added exports decreased by 14 percent, to $42.6 million in the first quarter, down from $49.5 million over the same period in 2010, Peru21 said.

The main companies exporting to Germany are: Cormin, Compañía Minera Antamina, Minera Suyamarca, Glencore Perú, Gold Fields La Cima, Tecnológica de Alimentos (TASA), and Austral Group, among others.

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