Peru Crude Oil HS2709 Export Data 2025 January Overview

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

Peru's Crude Oil Export (HS Code 2709) in January 2025 shows extreme buyer concentration, with Brazil accounting for 100% of trade volume and value, signaling a bulk commodity trade likely priced by mass. This single-buyer reliance suggests Brazil has specific refining capabilities or strong trade ties with Peru, while the absence of other buyers points to limited global demand or infrastructure constraints. The analysis, covering January 2025, is based on cleanly processed Customs data from the yTrade database.

Peru Crude Oil (HS 2709) 2025 January Export Background

Peru's Crude Oil (HS Code 2709) covers crude petroleum oils and oils obtained from bituminous minerals, a critical energy source fueling industries like transportation and manufacturing globally. Despite global tariff shifts, including the US's 10% baseline tariff in April 2025 [EY Tax News], Peru remains a key exporter, shipping $225M in 2023—primarily to Brazil—highlighting its strategic role in South America's energy trade for January 2025.

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

Key Observations

Peru's Crude Oil exports under HS Code 2709 in January 2025 kicked off with a robust value of $53.67 million, signaling a strong monthly performance that likely exceeds typical baselines, based on the $225 million annual export figure from 2023 [Tendata].

Price and Volume Dynamics

The steady unit price of $0.36 per kg, combined with a volume of 148.91 million kg, points to stable pricing amid heightened export activity. This volume-driven growth suggests a potential year-over-year increase, aligning with seasonal demand cycles in crude oil, where early-year inventory builds often boost trade flows before broader market shifts.

External Context and Outlook

External factors, including the US's 10% tariff imposition set for April 2025 [EY Tax News], loom as a future risk, but January's unaffected performance underscores Peru's reliance on established markets like Brazil (OEC World), maintaining momentum for Peru Crude Oil HS Code 2709 Export 2025 January amid global price stability.

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

Product Specialization and Concentration

In January 2025, Peru's Crude Oil export under HS Code 2709 is entirely concentrated in a single product category: crude petroleum oils, with no sub-varieties present. The sole sub-code, 2709000000, described as "Oils; petroleum oils and oils obtained from bituminous minerals, crude", accounts for all exports by value and weight, featuring a unit price of 0.36 USD per kilogram, which is consistent with typical bulk commodity pricing.

Value-Chain Structure and Grade Analysis

With no sub-categories under HS Code 2709, the export structure is monolithic and homogeneous, indicating that Peru's crude oil is traded as a fungible bulk commodity. This lack of differentiation suggests that the product is not graded or processed into variants, aligning with standard crude oil trade that is often linked to global price indices rather than value-added stages.

Strategic Implication and Pricing Power

For Peru Crude Oil HS Code 2709 Export in 2025 January, the homogeneous nature means pricing power is low and heavily influenced by international market fluctuations. Exporters should focus on optimizing logistics and securing stable trade partnerships to mitigate price volatility, rather than attempting product differentiation.

Check Detailed HS 2709 Breakdown

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

Geographic Concentration and Dominant Role

Brazil is the sole buyer for Peru Crude Oil HS Code 2709 Export 2025 January, capturing 100% of the trade volume and value. The identical 100% ratios for value and weight signal this is a bulk commodity trade, with the product likely being a lower-grade crude priced by mass rather than quality.

Partner Countries Clusters and Underlying Causes

Only one country forms a buying cluster, with no other major importers present. This extreme concentration suggests Brazil has a specific refinery configuration that can process Peru's crude type, or the two nations have strong logistical and trade ties that make this route efficient. The absence of other buyers points to limited global demand for this particular crude blend or potential infrastructure constraints on Peru's export capacity, as its crude exports are heavily channeled to Brazil [FreightAmigo].

Forward Strategy and Supply Chain Implications

Peru's export strategy must focus on maintaining its single-buyer relationship with Brazil while exploring market diversification to mitigate risk. Shippers should prioritize securing long-term contracts and capacity at key export terminals like Bayóvar. Suppliers must also monitor broader trade policy shifts, such as the new US 10% baseline tariff, which could indirectly affect global energy trade flows and create new opportunities or challenges for alternative markets (EY Tax News).

Get Complete Partner Countries Profile

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

Strategic Supply Chain Overview

Peru Crude Oil Export 2025 January under HS Code 2709 operates as a pure commodity market. Price is driven by global crude indices, not product differentiation, due to its homogeneous nature. Supply chain implications are significant: Peru relies entirely on a single buyer (Brazil) and a monolithic product structure. This creates high vulnerability to demand shifts or logistical disruptions. Exporters must prioritize supply security and stable trade routes over value-added processing.

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

• Negotiate long-term offtake agreements with Brazil’s refiners using trade volume data to lock in stable demand and buffer against global price swings.
• Diversify export destinations by analyzing alternative crude importers in regions like Asia or Europe to reduce dependency on a single market and capture new opportunities.
• Optimize port and shipping logistics at key terminals like Bayóvar by monitoring freight cost trends to minimize transit expenses and ensure timely deliveries.
• Track global policy changes, such as tariff shifts or sanctions, using trade intelligence platforms to anticipate market disruptions and adjust contract terms proactively.

Why Traditional Market Analysis Falls Short

Standard reports miss the critical details behind HS Code 2709. They cannot reveal the buyer-specific purchase patterns or the exact logistical channels used. Without sub-component or destination-level data, exporters risk overestimating market diversity and underestimating concentration risks. True strategy requires granular trade data—not summary figures—to navigate this volatile, single-buyer commodity market.

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 January?

Peru's crude oil exports in January 2025 show robust performance with $53.67 million in trade value, likely exceeding baseline expectations. The stable unit price ($0.36/kg) and high volume (148.91M kg) suggest volume-driven growth, supported by strong demand from Brazil, the sole buyer.

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

Brazil is the exclusive buyer, capturing 100% of Peru’s crude oil exports by value and volume. No other countries are active in this trade, reflecting extreme geographic concentration.

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

The unit price is uniform ($0.36/kg) because Peru’s crude oil (HS Code 2709000000) is traded as a homogeneous bulk commodity without quality or grade differentiation, typical for fungible crude oil markets.

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

Exporters must prioritize securing long-term contracts with dominant buyers like PETROTAL PERU S.R.L and optimize logistics to mitigate risks from Brazil’s 100% market dependence. Diversifying buyers could reduce vulnerability.

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

Brazil’s monopoly as the sole buyer ensures stable supply but exposes it to potential disruptions. Buyers benefit from consistent bulk pricing but lack alternative sources for this crude blend.

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

Peru’s crude oil is traded as a bulk commodity, primarily for refining into fuels or petrochemicals. Its fungible nature aligns with global crude benchmarks rather than specialized applications.