Peru Crude Oil HS2709 Export Data 2025 Q1 Overview

Peru Crude Oil (HS 2709) 2025 Q1 Export: Key Takeaways

Peru's Crude Oil Export (HS Code 2709) in 2025 Q1 shows Brazil as the dominant buyer, capturing 79% of volume but at lower unit prices, signaling bulk trade over premium grades. Geographic reliance on Brazil poses concentration risk, while China’s smaller, higher-value shipments hint at niche demand. This analysis, based on cleanly processed Customs data from the yTrade database, highlights the need for Peru to balance volume stability with margin protection in a concentrated market.

Peru Crude Oil (HS 2709) 2025 Q1 Export Background

Peru's Crude Oil (HS Code 2709) covers crude petroleum oils and oils from bituminous minerals, a critical input for energy and manufacturing industries worldwide, ensuring steady global demand. Recent US tariff hikes (10% baseline as of April 2025) [EY Global Tax News] could reshape trade dynamics, but Peru remains a key exporter, shipping $225M in 2023, primarily to Brazil [OEC]. For 2025 Q1, Peru Crude Oil exports under HS 2709 will hinge on balancing these policy shifts with its strategic port infrastructure.

Peru Crude Oil (HS 2709) 2025 Q1 Export: Trend Summary

Key Observations

Peru's Crude Oil HS Code 2709 Export in 2025 Q1 showed sharp volatility, with unit prices peaking in February at $0.42/kg before plunging to $0.27/kg in March, reflecting typical commodity market swings.

Price and Volume Dynamics

Month-over-month, February's price surge of 16.7% and volume jump of 58.3% likely stemmed from seasonal inventory builds or short-term supply tightness common in oil markets. March's sharp decline, with a 35.7% price drop, suggests inventory drawdowns or profit-taking ahead of quarter-end, underscoring the inherent instability of crude oil trade cycles.

External Context and Outlook

This volatility aligns with broader trade uncertainties, including the US tariff imposition effective April 2025 [EY Global Tax News], which may have spurred anticipatory selling in late Q1. Moving forward, Peru's export flows could remain sensitive to global policy shifts and oil price fluctuations.

Peru Crude Oil (HS 2709) 2025 Q1 Export: HS Code Breakdown

Product Specialization and Concentration

Peru's crude oil exports under HS Code 2709 for Q1 2025 are entirely concentrated in a single product: crude petroleum oils, with no other sub-codes present. The unit price of 0.37 USD per kilogram aligns with typical bulk commodity pricing for crude oil, confirming a highly specialized export profile focused on raw materials.

Value-Chain Structure and Grade Analysis

The parent HS Code 2709 consists solely of unrefined crude oil, indicating a homogeneous product structure with no value-add stages or grade variations. This uniformity points to a trade in fungible bulk commodities, where pricing is directly linked to global oil indices rather than product differentiation.

Strategic Implication and Pricing Power

For Peru Crude Oil HS Code 2709 Export 2025 Q1, market players face limited pricing power due to the commodity nature of the product, requiring close monitoring of international oil price trends. Strategic focus should remain on cost efficiency and market timing to navigate volatile global demand.

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Peru Crude Oil (HS 2709) 2025 Q1 Export: Market Concentration

Geographic Concentration and Dominant Role

For Peru's Crude Oil HS Code 2709 Export in 2025 Q1, Brazil stands as the dominant partner, accounting for 79.36% of the weight and 72.65% of the value. The lower value ratio compared to weight ratio suggests that the crude oil shipped to Brazil may be of a lower grade or priced at a discount, typical for commodity trades where bulk shipments drive volume over premium pricing.

Partner Countries Clusters and Underlying Causes

The trade splits into two clear clusters: Brazil, with nearly all shipments by frequency and high weight, likely due to geographic proximity and established supply chains reducing logistics costs. China, with a minor share of 19.32% in weight but higher value proportion, might source smaller volumes for specific refining needs or as a secondary option, reflecting China's diverse import strategy for energy security.

Forward Strategy and Supply Chain Implications

Exporters should prioritize maintaining strong ties with Brazil for volume stability, but monitor unit prices to avoid margin erosion. Diversifying to other markets could hedge against over-reliance, though Peru's 2023 export data [OEC World] shows Brazil's dominance persists, suggesting entrenched trade flows that require careful navigation of any new tariff impacts, like the US measures effective post-Q1.

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Peru Crude Oil (HS 2709) 2025 Q1 Export: Action Plan for Crude Oil Market Expansion

Strategic Supply Chain Overview

For Peru Crude Oil Export 2025 Q1 under HS Code 2709, price is driven by global oil indices and bulk shipment discounts. High buyer and geographic concentration create supply chain risks. Brazil dominates volume but at lower unit prices. This reliance on one partner and one buyer type limits pricing power. The supply chain must prioritize volume stability while managing margin pressure.

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

• Monitor daily Brent and WTI crude benchmarks to time shipments. This protects margins against global price swings.
• Use trade data to identify alternative buyers in Asia and Europe. Diversification reduces over-reliance on Brazil.
• Analyze shipment frequency data to forecast Brazil’s demand cycles. This optimizes inventory and avoids costly storage.
• Track real-time logistics costs for routes to China and other markets. Lower freight expenses improve netbacks.
• Monitor tariff updates post-Q1 2025, especially US changes. Early awareness prevents unexpected cost impacts.

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 Q1?

Peru's crude oil exports in Q1 2025 saw sharp volatility, with unit prices peaking in February ($0.42/kg) before dropping to $0.27/kg in March, reflecting typical commodity market swings and potential anticipatory selling ahead of US tariff changes.

Q2. Who are the main partner countries in this Peru Crude Oil Export 2025 Q1?

Brazil dominates, accounting for 79.36% of weight and 72.65% of value, while China represents a smaller share (19.32% weight) but with higher relative value.

Q3. Why does the unit price differ across Peru Crude Oil Export 2025 Q1 partner countries?

The price difference stems from Brazil’s bulk purchases likely priced at a discount, while China’s smaller shipments may reflect higher-grade or niche refining needs.

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

Exporters must prioritize maintaining strong ties with Brazil for volume stability while monitoring unit prices to avoid margin erosion, given the market’s reliance on a single dominant buyer.

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

Brazil’s buyers benefit from consistent bulk supply, while Chinese buyers gain flexibility for smaller, potentially higher-value shipments, though both face exposure to global oil price volatility.

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

Peru’s crude oil exports are entirely unrefined (HS Code 2709), traded as a fungible bulk commodity for refining or energy production, with no value-add stages.

Detailed Monthly Report

Peru HS2709 Export Snapshot 2025 JAN

Peru HS2709 Export Snapshot 2025 FEB

Peru HS2709 Export Snapshot 2025 MAR