Peru Crude Oil HS2709 Export Data 2025 February Overview

Peru Crude Oil (HS 2709) 2025 February Export: Key Takeaways

Peru's Crude Oil (HS Code 2709) exports in February 2025 were dominated by two key markets: China Mainland, which accounted for 51.12% of export value, and Brazil, which led in volume with 55.67% share. China's higher unit price ($0.49/kg) suggests preferential demand for premium-grade crude, while Brazil's lower price ($0.37/kg) reflects volume-driven trade. The export market remains highly concentrated, with these two partners absorbing nearly all shipments. This analysis, covering February 2025, is based on cleanly processed Customs data from the yTrade database. Peru must maintain grade differentiation to maximize value, particularly in China, while ensuring supply chain consistency. Geographic proximity and refining needs continue to shape trade flows.

Peru Crude Oil (HS 2709) 2025 February Export Background

Peru's Crude Oil (HS Code 2709) covers crude petroleum oils and oils from bituminous minerals, fueling industries like energy and transportation due to stable global demand. In February 2025, Peru's exports faced tighter compliance as the US ended de minimis exemptions for all imports, including HS 2709 [FreightAmigo], while ports like Callao emphasized stricter HS code adherence. Peru remains a niche supplier, with Brazil and the US as key buyers, positioning its 2025 exports amid evolving global trade rules.

Peru Crude Oil (HS 2709) 2025 February Export: Trend Summary

Key Observations

Peru's Crude Oil (HS Code 2709) exports surged in February 2025, with value nearly doubling month-over-month to $99.86 million and volume rising 58% to 235.68 million kg. The unit price increased 17% to $0.42/kg, reflecting tightened global supply conditions.

Price and Volume Dynamics

The sharp MoM growth in February exports aligns with typical pre-winter inventory builds in Northern Hemisphere markets, where refiners often secure additional crude volumes. The simultaneous rise in both volume and price indicates robust demand against constrained supply, rather than purely volume-driven growth. For Peru Crude Oil HS Code 2709 Export 2025 February, this represents a significant departure from January's baseline, suggesting either catch-up shipments or response to improved pricing signals.

External Context and Outlook

This volatility coincides with major regulatory shifts, particularly the US elimination of de minimis exemptions effective August 2025 [FreightAmigo], which likely prompted accelerated shipments to avoid future compliance burdens. Concurrent G7 price cap mechanisms on Russian crude [Maritime-Mutual] created secondary market opportunities for non-sanctioned suppliers like Peru. These factors, combined with ongoing HS code precision requirements in key markets, suggest sustained export volatility through mid-2025 as traders adapt to new trade architectures.

Peru Crude Oil (HS 2709) 2025 February Export: HS Code Breakdown

Product Specialization and Concentration

In February 2025, Peru's export of Crude Oil under HS Code 2709 was entirely concentrated in a single sub-code, 2709000000, for petroleum oils and oils obtained from bituminous minerals, crude. This sub-code represented 100% of the export value at 99.86 million USD, with a shipment weight of 235.68 million kilograms, yielding a unit price of 0.42 USD per kilogram. No other sub-codes or price anomalies were present in this period.

Value-Chain Structure and Grade Analysis

The absence of additional sub-codes indicates a monolithic export structure for Peru's Crude Oil, consisting solely of raw, unrefined product. This uniformity classifies it as a fungible bulk commodity, typically traded based on global oil indices rather than differentiated by quality or processing stage, emphasizing its role in bulk raw material markets.

Strategic Implication and Pricing Power

As a bulk commodity, Peru's Crude Oil exports face limited pricing power and are subject to global price fluctuations. Strategic efforts should focus on maintaining cost-competitive extraction and logistics, while exploring stable market outlets. According to [OEC World], Peru's historical export patterns show reliance on key partners like Brazil, underscoring the need for diversification to enhance resilience.

Check Detailed HS 2709 Breakdown

Peru Crude Oil (HS 2709) 2025 February Export: Market Concentration

Geographic Concentration and Dominant Role

In February 2025, Peru's Crude Oil HS Code 2709 Export was highly concentrated, with China Mainland and Brazil as the sole significant partners. China Mainland was the dominant importer by value, holding a 51.12% share of export value, while Brazil led in weight with a 55.67% share. The disparity between value ratio and weight ratio for China (51.12 vs. 44.33) indicates a higher unit price of approximately $0.49 per kg, suggesting imports of higher-grade crude, compared to Brazil's lower unit price of about $0.37 per kg.

Partner Countries Clusters and Underlying Causes

Two clusters emerge: China as a high-value importer and Brazil as a high-volume importer. China's preference for higher-grade crude likely stems from its refining needs for premium products. Brazil's larger volume imports are probably due to geographic proximity and established trade relationships, as it has historically been a primary destination for Peru's crude oil [oec.world].

Forward Strategy and Supply Chain Implications

Peru should focus on maintaining crude oil grade differentiation to capture higher value from markets like China. Supply chains must ensure consistent quality for premium segments. While global regulatory changes, such as US de minimis rule updates, could increase compliance burdens, they did not specifically impact crude oil exports in February 2025 (FreightAmigo).

Get Complete Partner Countries Profile

Peru Crude Oil (HS 2709) 2025 February Export: Action Plan for Crude Oil Market Expansion

Strategic Supply Chain Overview

The Peru Crude Oil Export 2025 February under HS Code 2709 operates as a pure commodity market. Price is driven by crude grade differentials and global oil indices, not product features. China pays a premium for higher-grade crude, while Brazil buys larger volumes at lower unit prices. Supply chains must prioritize secure, cost-efficient logistics for bulk shipments. Over-reliance on one major infrequent buyer creates vulnerability to demand shocks.

Action Plan: Data-Driven Steps for Crude Oil Market Execution

• Segment buyers by transaction frequency and value. This enables tailored contract terms for high-value infrequent buyers and steady supply plans for frequent smaller buyers. It balances revenue and reduces dependency risk.
• Track real-time crude grade pricing differences per destination. Use this to negotiate premium prices with markets like China that value quality. It captures higher margins from grade-aware buyers.
• Diversify export partners beyond Brazil and China. Target new markets with similar crude preferences to mitigate geopolitical or demand shifts. It builds long-term market resilience.
• Monitor logistics and customs compliance for bulk shipments. Ensure adherence to regulations like HS Code 2709 documentation requirements. It prevents delays and maintains supply chain reliability.

Granular trade data reveals profit opportunities hidden in bulk commodity exports. Act on these insights now to optimize your Peru Crude Oil strategy.

Take Action Now —— Explore Peru Crude Oil Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Peru Crude Oil Export 2025 February?

Peru's Crude Oil exports surged in February 2025, with value doubling and volume rising 58% MoM, driven by pre-winter inventory builds and global supply constraints. Regulatory shifts, like the US de minimis rule elimination, also prompted accelerated shipments.

Q2. Who are the main partner countries in this Peru Crude Oil Export 2025 February?

China Mainland (51.12% of export value) and Brazil (55.67% of shipment weight) were the sole significant buyers. China paid a higher unit price ($0.49/kg) compared to Brazil ($0.37/kg).

Q3. Why does the unit price differ across Peru Crude Oil Export 2025 February partner countries?

The price gap reflects grade differentiation: China imported higher-grade crude (likely for premium refining), while Brazil focused on bulk volumes at lower prices due to proximity and established trade ties.

Q4. What should exporters in Peru focus on in the current Crude Oil export market?

Exporters must balance reliance on the dominant high-value infrequent buyer (51% of revenue) with nurturing smaller frequent buyers (49%). Maintaining cost-competitive logistics and grade differentiation for markets like China is critical.

Q5. What does this Peru Crude Oil export pattern mean for buyers in partner countries?

Chinese buyers secure higher-grade crude at premium prices, while Brazilian buyers benefit from stable bulk shipments. Both face reliance on Peru’s monolithic export structure, leaving limited negotiation flexibility.

Q6. How is Crude Oil typically used in this trade flow?

Peru’s exports consist solely of unrefined crude (HS 2709000000), traded as a fungible bulk commodity for refining into fuels, lubricants, or petrochemicals, with pricing tied to global oil indices.