Peru Copper Wire HS7408 Export Data 2025 May Overview

Peru Copper Wire (HS 7408) 2025 May Export: Key Takeaways

Peru's May 2025 Copper Wire exports (HS Code 7408) are highly concentrated in regional markets, with Ecuador, Venezuela, and Colombia accounting for over 50% of total value, reflecting a standardized, commodity-grade product. The U.S. remains a key buyer but faces looming 50% tariffs, threatening this trade flow. This analysis, based on cleanly processed Customs data from the yTrade database, highlights Peru's reliance on regional buyers and the urgent need to diversify or move up the value chain.

Peru Copper Wire (HS 7408) 2025 May Export Background

Copper wire (HS Code 7408) is a critical component for electrical and construction industries, driving steady global demand due to its conductivity and durability. The U.S. recently imposed a 50% tariff on copper imports starting August 2025 [Riotimesonline], reshaping trade dynamics for Peru, the world’s 20th-largest copper wire exporter [OEC]. Peru’s 2025 May exports under HS Code 7408 face new challenges, but its role as a key supplier remains vital amid shifting policies.

Peru Copper Wire (HS 7408) 2025 May Export: Trend Summary

Key Observations

Peru's Copper Wire exports under HS Code 7408 in May 2025 saw a decline in both value and volume compared to April, with unit prices holding relatively steady amidst broader market adjustments.

Price and Volume Dynamics

From April to May, export value dropped by 4.4% to $105.54 million, while volume fell 3.6% to 10.68 million kg, and unit price edged down slightly to $9.88/kg. This contraction diverges from typical seasonal upticks in copper demand during spring, often driven by construction and manufacturing cycles, suggesting external disruptions are overriding natural market rhythms. The sequential decline from March's peak indicates mounting pressure on Peru Copper Wire HS Code 7408 Export flows in early 2025.

External Context and Outlook

The volatility is largely attributed to the impending 50% U.S. tariff on copper imports set for August 2025, as announced by the Trump Administration [Thompson Coburn]. This policy has prompted export recalibration, with Peru—a major global supplier—facing redirected trade strategies and potential stockpile adjustments ahead of the deadline. Looking ahead, continued uncertainty around tariff implementation may sustain erratic export patterns for Peru Copper Wire through mid-2025.

Peru Copper Wire (HS 7408) 2025 May Export: HS Code Breakdown

Product Specialization and Concentration

In May 2025, Peru's export of Copper Wire under HS Code 7408 is dominated by a single product type. The sub-code for copper wire of refined copper with a cross-sectional dimension exceeding 6mm accounts for nearly 80% of the total export value and weight, with a unit price of 9.81 USD per kg. This high concentration indicates a strong specialization in thicker gauge wires. One sub-code for copper-nickel alloy wire shows negligible quantity and is isolated as an anomaly, not affecting the main analysis.

Value-Chain Structure and Grade Analysis

The remaining products can be grouped into two categories based on composition and size. First, refined copper wires include the dominant over-6mm type and a smaller share of wires with 6mm or less cross-section, priced at 10.34 USD per kg. Second, alloy wires consist of copper-zinc base alloys at 9.05 USD per kg and other copper alloys at 11.25 USD per kg. The slight price differences suggest some grade variation, but the overall structure points to a trade in semi-finished, bulk commodities rather than highly differentiated goods.

Strategic Implication and Pricing Power

Peru's heavy reliance on one product type within HS Code 7408 exports provides some pricing leverage, but external risks exist. The US imposed a 50% tariff on copper imports starting August 2025 [Riotimesonline], which could pressure Peru's export strategy and margins. To maintain competitiveness, Peru may need to focus on cost efficiency or explore alternative markets for its Copper Wire exports.

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Peru Copper Wire (HS 7408) 2025 May Export: Market Concentration

Geographic Concentration and Dominant Role

Peru's May 2025 Copper Wire exports under HS Code 7408 are highly concentrated, with the top three buyers—Ecuador (18.06% value share), Venezuela (16.87%), and Colombia (15.71%)—accounting for over half of the total export value. Ecuador is the dominant buyer, but its value share (18.06%) is nearly identical to its weight share (18.10%), indicating a consistent unit price across major destinations and reinforcing that this is a standardized, commodity-grade product where weight directly determines value.

Partner Countries Clusters and Underlying Causes

The export pattern reveals two clear clusters. The first is Peru's immediate regional neighbors—Ecuador, Venezuela, and Colombia—whose high shares are driven by geographic proximity and existing trade agreements, minimizing logistics costs for a heavy product. The second cluster is led by the United States, which has the highest shipment frequency (27.50%) but a lower value-to-weight ratio (12.10% vs. 11.49%), suggesting it sources larger volumes of lower-value copper wire types, potentially for industrial consumption. A third, smaller cluster includes other Latin American nations like Mexico, Honduras, and Brazil, which benefit from regional supply chain integration.

Forward Strategy and Supply Chain Implications

For Peruvian copper wire exporters, the heavy reliance on regional markets is a strength but also a vulnerability. The impending U.S. 50% tariff on imported copper products starting in August 2025 [Thompson Coburn] directly threatens the lucrative U.S. trade flow. To mitigate this, producers must immediately deepen relationships with existing regional partners and explore diversifying to other markets. Furthermore, a UNCTAD report notes that finished copper products like wire face higher tariffs than raw copper [UN Trade and Development], providing a long-term incentive for Peru to move further up the value chain into more specialized, higher-margin products to protect its export earnings.

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Peru Copper Wire (HS 7408) 2025 May Export: Action Plan for Copper Wire Market Expansion

Strategic Supply Chain Overview

The Peru Copper Wire Export 2025 May under HS Code 7408 is a commodity market. Price is driven by product grade and geopolitical risk. The dominant product is thick-gauge refined copper wire. Its price is set by global indices and trade policy.

Supply chain implications are significant. Peru acts as a processing hub for raw copper into semi-finished wire. Heavy reliance on a few large, regional buyers creates vulnerability. The US 50% tariff starting August 2025 is a direct threat to this model.

Action Plan: Data-Driven Steps for Copper Wire Market Execution

• Use HS Code sub-level data to track unit price shifts for each wire type. This allows for real-time grade optimization and protects margin against tariff impacts.
• Analyze shipment frequency data from key buyers like INDECO S.A. to forecast demand cycles. This prevents production overruns and ensures inventory aligns with their purchasing patterns.
• Leverage geographic trade data to identify new buyers in untapped Latin American markets. This diversifies the client base and reduces dependency on the US and a few dominant regional partners.
• Monitor real-time customs data for US-bound shipments to anticipate tariff enforcement dates. This enables strategic stockpiling or rerouting of goods to avoid sudden cost penalties.

Take Action Now —— Explore Peru Copper Wire Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Peru Copper Wire Export 2025 May?

Peru's Copper Wire exports declined in value (-4.4%) and volume (-3.6%) in May 2025, diverging from typical seasonal demand due to anticipation of a 50% U.S. tariff set for August 2025.

Q2. Who are the main partner countries in this Peru Copper Wire Export 2025 May?

Ecuador (18.06% value share), Venezuela (16.87%), and Colombia (15.71%) dominate, collectively accounting for over half of Peru’s Copper Wire exports.

Q3. Why does the unit price differ across Peru Copper Wire Export 2025 May partner countries?

Price differences stem from product specialization: refined copper wires over 6mm (9.81 USD/kg) are cheaper than thinner wires (10.34 USD/kg) or alloy wires (up to 11.25 USD/kg).

Q4. What should exporters in Peru focus on in the current Copper Wire export market?

Exporters must prioritize relationships with high-volume buyers like INDECO S.A. while diversifying away from the U.S. due to impending tariffs and deepening regional trade with neighbors.

Q5. What does this Peru Copper Wire export pattern mean for buyers in partner countries?

Buyers in Ecuador, Venezuela, and Colombia benefit from stable, bulk-grade supply, while U.S. buyers face higher costs post-tariff, potentially disrupting industrial demand.

Q6. How is Copper Wire typically used in this trade flow?

The trade focuses on semi-finished, standardized copper wires, primarily for industrial applications like construction or electrical infrastructure due to their commodity-grade nature.