Peru Crude Oil HS2709 Export Data 2025 March Overview

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

Peru's Crude Oil Export (HS Code 2709) in 2025 March shows a single-market dependency, with 100% of shipments concentrated in Brazil, confirming its role as a standardized commodity. The market exhibits no price variation, signaling stable demand but high geographic risk. This analysis covers the 2025 March period and is based on cleanly processed Customs data from the yTrade database.

Peru Crude Oil (HS 2709) 2025 March Export Background

Peru’s Crude Oil (HS Code 2709: crude petroleum oils and oils obtained from bituminous minerals) fuels global energy and manufacturing sectors, with steady demand driven by refining and industrial needs. While 2025 HS Code updates highlight Peru’s trade priorities, crude oil exports—worth $225M in 2023—remain a key revenue stream, primarily to Brazil and the U.S. [OEC]. March 2025 shows no new export restrictions, reinforcing Peru’s role as a reliable supplier amid stable global trade conditions.

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

Key Observations

Peru Crude Oil HS Code 2709 Export in March 2025 saw a sharp unit price drop to 0.27 USD/kg, down 35.7% from February's 0.42 USD/kg, indicating heightened market volatility.

Price and Volume Dynamics

The month-over-month decline in unit price from February to March was accompanied by a 48.5% drop in export value to $33.10 million and a 48.4% decrease in volume to 121.46 million units. This pattern aligns with crude oil's inherent price sensitivity to global supply-demand shifts and seasonal inventory cycles, where brief spikes like February's often correct rapidly due to oversupply or demand softening.

External Context and Outlook

According to [Chambers Global Practice Guides], no new export policies targeted HS Code 2709 in March 2025 (Chambers), meaning the price slump likely stems from external factors like global oil market fluctuations rather than local regulatory changes. With Peru's 2023 crude exports valued at $225 million [OEC World], the outlook remains tied to international price dynamics and demand cycles.

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

Product Specialization and Concentration

Peru's March 2025 export of Crude Oil under HS Code 2709 shows total specialization in a single product type. The only sub-code, crude petroleum oils, accounts for the entire export volume and value. Its unit price of $0.27 per kilogram reflects the typical pricing for unrefined bulk commodity exports. No extreme price anomalies are present in this single-item structure.

Value-Chain Structure and Grade Analysis

The export structure consists solely of crude petroleum oils, indicating a bulk commodity trade. This form is fungible and typically priced against global benchmarks like Brent or WTI crude indices. The absence of refined or processed sub-codes confirms Peru's export role focuses on raw material extraction rather than downstream value addition.

Strategic Implication and Pricing Power

Peru's Crude Oil exports under HS Code 2709 face commodity-market pricing dynamics with limited individual pricing power. [OEC World] data shows exports primarily destined for Brazil and the United States, reinforcing dependence on regional demand and global price cycles. Strategic focus should remain on cost-efficient extraction and logistics rather than product differentiation.

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

Geographic Concentration and Dominant Role

Peru's Crude Oil HS Code 2709 Export in 2025 March is entirely concentrated in Brazil, with 100% share in both value and weight, showing no price variation and confirming its role as a standard commodity with uniform grading.

Partner Countries Clusters and Underlying Causes

The data reveals a single-cluster pattern centered on Brazil, likely due to strong bilateral trade ties and geographic proximity, as Brazil has been a historical top destination for Peru's crude oil exports [FreightAmigo].

Forward Strategy and Supply Chain Implications

To reduce supply chain risks from single-market dependence, Peru should explore diversifying exports to other markets like the US or Colombia, leveraging existing trade channels noted in earlier data (FreightAmigo).

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

Strategic Supply Chain Overview

The Peru Crude Oil Export 2025 March under HS Code 2709 operates as a pure commodity trade. Price is driven entirely by global crude benchmarks like Brent or WTI. Quality is uniform. There is no product differentiation. The market shows extreme concentration. All exports go to Brazil. All sales come from a single buyer type: high-value, high-frequency purchasers. This creates significant supply chain risk. Peru depends completely on one market and a few large buyers. Any demand shift or geopolitical issue with Brazil would disrupt trade. The supply chain must prioritize secure, cost-efficient logistics for bulk shipments.

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

• Use real-time trade data to identify alternative buyers in markets like the US or Colombia. This reduces over-reliance on Brazil and spreads risk.
• Analyze buyer purchase cycles to forecast demand and optimize inventory levels. This prevents overstock or shortfalls and stabilizes revenue.
• Monitor global crude price indices daily to time export contracts advantageously. This maximizes returns in a commodity-driven market.
• Develop logistics partnerships to ensure reliable, low-cost shipping routes for bulk crude. This maintains competitiveness and supply security.

Summary

The Peru Crude Oil Export 2025 March for HS Code 2709 is a bulk commodity trade. It is exposed to global price swings and concentrated buyer and geographic risks. The action plan focuses on diversification, data-driven timing, and logistics efficiency to protect and grow this export segment.

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Frequently Asked Questions

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

Peru's Crude Oil exports saw a 35.7% unit price drop in March 2025, driven by global market volatility and a 48.5% decline in export value, reflecting crude oil's sensitivity to supply-demand shifts.

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

Brazil accounted for 100% of Peru's Crude Oil exports in March 2025, dominating both value and volume shares.

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

No price variation occurred, as all exports were standardized crude petroleum oils under HS Code 2709, traded as a bulk commodity at uniform benchmark pricing.

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

Exporters must prioritize maintaining relationships with the sole bulk buyer segment and explore diversification to reduce reliance on Brazil.

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

Brazilian buyers benefit from stable, large-scale shipments but face supply chain risks if Peru fails to diversify its export markets.

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

Crude Oil is exported as an unrefined bulk commodity, primarily for downstream refining into fuels or petrochemical feedstocks.