Peru Crude Oil HS2709 Export Data 2025 Q2 Overview

Peru Crude Oil (HS 2709) 2025 Q2 Export: Key Takeaways

Peru's Crude Oil Export 2025 Q2 (HS Code 2709) is entirely concentrated in Brazil, reflecting a high-risk single-buyer dependency likely tied to long-term supply agreements or dedicated infrastructure. The equal value-to-weight ratio confirms bulk, unrefined commodity crude without quality premiums, traded at standard market rates. This extreme geographic concentration leaves Peru vulnerable to demand shifts or political changes in Brazil, with limited diversification options due to infrastructure or tariff constraints. Based on cleanly processed Customs data from the yTrade database, this analysis covers 2025 Q2, providing timely and reliable insights.

Peru Crude Oil (HS 2709) 2025 Q2 Export Background

Peru's Crude Oil (HS Code 2709: crude petroleum oils and oils obtained from bituminous minerals) fuels global industries like energy and transportation, maintaining steady demand due to its essential role. In Q2 2025, new US tariffs of 10% [EY Tax News] and stricter HS 2709 compliance at ports like Callao [FreightAmigo] add complexity to Peru's exports, which primarily supply Brazil, the US, and Colombia [OEC]. Peru remains a key regional supplier, but exporters must now navigate tighter documentation rules to avoid delays.

Peru Crude Oil (HS 2709) 2025 Q2 Export: Trend Summary

Key Observations

Peru's Crude Oil exports under HS Code 2709 in 2025 Q2 experienced a sharp decline in unit prices, averaging approximately 0.27 USD/kg, down from 0.35 USD/kg in Q1, highlighting a significant quarter-over-quarter softening despite stable export volumes.

Price and Volume Dynamics

The Q2 price drop aligns with typical seasonal patterns in crude oil markets, where reduced winter heating demand often leads to lower prices in spring and early summer. Volume remained volatile but relatively steady, with Q2 totals around 370 million kg, slightly below Q1's 506 million kg, indicating maintained export activity despite price pressures. This Peru Crude Oil HS Code 2709 Export trend in 2025 Q2 reflects inherent industry cycles rather than abrupt shifts.

External Context and Outlook

External factors exacerbated the price decline, particularly the 10% US tariff effective April 5, 2025, which increased costs and dampened demand for Peruvian crude exports to key markets like the US [FreightAmigo]. With ongoing HS code compliance updates and global trade uncertainties, the outlook for Peru's exports remains cautious, potentially sustaining lower price levels through mid-year (EY Tax News).

Peru Crude Oil (HS 2709) 2025 Q2 Export: HS Code Breakdown

Product Specialization and Concentration

In 2025 Q2, Peru's export under HS Code 2709 is entirely dominated by crude petroleum oils, with a unit price of 0.27 USD per kilogram, confirming a highly specialized trade in bulk commodities without any price anomalies or diversification.

Value-Chain Structure and Grade Analysis

The export structure is monolithic, consisting solely of raw crude oil, which is a fungible bulk commodity typically linked to global price indices rather than differentiated grades or value-added processing.

Strategic Implication and Pricing Power

Peru's Crude Oil HS Code 2709 Export in 2025 Q2 faces limited pricing power due to its commodity nature, with potential vulnerability to external factors like the recent US 10% tariff increase [EY Tax News], which may elevate costs for US-bound shipments and necessitate precise compliance with updated HS code regulations.

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Peru Crude Oil (HS 2709) 2025 Q2 Export: Market Concentration

Geographic Concentration and Dominant Role

Peru's Crude Oil HS Code 2709 Export 2025 Q2 is entirely concentrated in Brazil, which accounts for 100% of both export value and weight. The equal value and weight ratios show Brazil pays a standard market price, confirming this trade involves bulk, unrefined commodity crude without quality premiums.

Partner Countries Clusters and Underlying Causes

Only one country appears, forming a single cluster of total dependency. This extreme concentration points to a dedicated pipeline or long-term supply agreement between Peru and Brazil, common in regional energy trades where infrastructure dictates flow. The absence of other partners suggests limited export capacity or contractual exclusivity.

Forward Strategy and Supply Chain Implications

This single-buyer model creates high vulnerability to demand shifts or political changes in Brazil. For stability, Peru should explore additional buyers, though new US tariffs [FreightAmigo] may complicate diversifying to that market. Exporters must ensure strict HS Code 2709 compliance at ports like Callao to avoid delays (FreightAmigo).

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Peru Crude Oil (HS 2709) 2025 Q2 Export: Action Plan for Crude Oil Market Expansion

Strategic Supply Chain Overview

Peru Crude Oil Export 2025 Q2 under HS Code 2709 operates as a pure commodity trade. Price is driven by global oil indices, not product differentiation. All exports flow to a single buyer in Brazil via dedicated infrastructure. This creates extreme supply chain vulnerability. Any demand shift or political change in Brazil directly impacts Peru's revenue. New US tariffs add cost risk for potential diversification. The supply chain implies total dependency on one partner and route.

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

• Use real-time trade data to identify alternative buyers in stable markets. This reduces over-reliance on one destination.
• Strengthen HS Code 2709 compliance checks at key ports like Callao. This avoids customs delays and tariff penalties.
• Monitor global oil price indices and Brazil's economic indicators weekly. This enables proactive price and volume adjustments.
• Develop a contingency logistics plan for redirecting shipments. This ensures operational flexibility if Brazilian demand falls.
• Negotiate contract clauses that share tariff cost burdens with buyers. This protects margin against external policy changes.

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Frequently Asked Questions

Q1. What is driving the recent changes in Peru Crude Oil Export 2025 Q2?

Peru's crude oil exports saw a sharp price drop to 0.27 USD/kg in Q2, driven by seasonal demand shifts and a 10% US tariff that dampened market demand. Export volumes remained steady, reflecting inherent industry cycles rather than abrupt disruptions.

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

Brazil is the sole destination for Peru’s crude oil exports, accounting for 100% of both value and volume, likely due to dedicated infrastructure or long-term supply agreements.

Q3. Why does the unit price differ across Peru Crude Oil Export 2025 Q2 partner countries?

No price differentials exist—Peru’s crude oil is a uniform bulk commodity traded at a standard global benchmark price, with no quality premiums or processing variations.

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

Exporters must prioritize maintaining relationships with their sole bulk buyer in Brazil while ensuring strict HS code compliance to mitigate risks from geopolitical or tariff shifts.

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

Brazil’s exclusive reliance on Peruvian crude signals stable supply terms but also exposes buyers to potential disruptions if Peru fails to diversify or adapt to tariff changes.

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

The exported crude oil is a raw, unrefined commodity destined for further processing into fuels, lubricants, or other petroleum products in the importing country.

Detailed Monthly Report

Peru HS2709 Export Snapshot 2025 APR

Peru HS2709 Export Snapshot 2025 MAY

Peru HS2709 Export Snapshot 2025 JUN