Peru Crude Oil HS2709 Export Data 2025 Q3 Overview

Peru Crude Oil (HS 2709) 2025 Q3 Export: Key Takeaways

Peru's Crude Oil Export (HS Code 2709) for 2025 Q3 reveals extreme concentration risk, with Brazil absorbing 100% of shipments by value and volume, confirming a bulk commodity trade with no quality variations. The single-market dependence demands urgent diversification, particularly toward the U.S., while supply chains must balance maintaining Brazil relations with developing alternative routes. This analysis, covering 2025 Q3, is based on cleanly processed Customs data from the yTrade database.

Peru Crude Oil (HS 2709) 2025 Q3 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 sectors worldwide, ensuring steady global demand. Recent U.S. tariff adjustments [EY Tax News] could impact Peru’s 2025 Q3 exports, which totaled $225M in 2023, primarily to Brazil and the U.S. [OEC]. As a net importer, Peru’s strategic role lies in balancing domestic refining needs with export opportunities amid shifting trade policies.

Peru Crude Oil (HS 2709) 2025 Q3 Export: Trend Summary

Key Observations

Peru Crude Oil HS Code 2709 Export in 2025 Q3 showed significant price volatility, with unit prices plummeting from a July high of $0.41/kg to $0.23/kg by September, marking a sharp 44% drop within the quarter despite an overall value increase compared to Q2.

Price and Volume Dynamics

Q3 export value rose 18% quarter-over-quarter to $117.88 million, driven by volume growth, but this masked extreme price swings. The crude oil market's inherent volatility, influenced by global supply-demand imbalances and production cycles, explains the rapid price decline from July's peak, as exports remained sensitive to short-term market shifts rather than seasonal patterns.

External Context and Outlook

The price instability aligns with broader trade policy changes, including US tariffs effective April 2025 [EY Tax News], which may have exacerbated uncertainty despite Peru's limited direct exports to the US. Moving forward, global oil price fluctuations and ongoing trade tensions are likely to keep Peru's crude oil exports volatile, requiring close monitoring of policy developments (EY Tax News).

Peru Crude Oil (HS 2709) 2025 Q3 Export: HS Code Breakdown

Product Specialization and Concentration

For Peru's Crude Oil HS Code 2709 Export in 2025 Q3, the market is entirely concentrated in a single product type. The dominating sub-code is crude petroleum oils, with a unit price of approximately $0.32 per kilogram, indicating a standardized bulk commodity trade without significant price variations or anomalies.

Value-Chain Structure and Grade Analysis

With only one sub-code under HS Code 2709, the export structure is unified around crude petroleum, confirming it as a fungible bulk commodity. This lack of diversification suggests that Peru's crude oil exports are primarily traded based on global price indices rather than value-added stages or quality grades.

Strategic Implication and Pricing Power

Peru's crude oil exports face limited pricing power due to their commodity nature, with prices driven by international market forces. External factors, such as potential US tariff impacts, could further influence trade dynamics, as noted in recent reports ([EY]).

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Peru Crude Oil (HS 2709) 2025 Q3 Export: Market Concentration

Geographic Concentration and Dominant Role

Peru's Crude Oil HS Code 2709 Export for 2025 Q3 shows total reliance on a single market, with Brazil accounting for 100% of all shipments by value, weight, and frequency. The identical value and weight ratios confirm this is a bulk commodity trade, moving at a consistent unit price without quality or grade variations.

Partner Countries Clusters and Underlying Causes

Only one country appears in the trade data, indicating no clustering exists. This extreme concentration points to a dedicated supply relationship, likely driven by geographic proximity and established export infrastructure. The lack of other partners suggests either limited production volumes or long-term contractual arrangements that prioritize one buyer.

Forward Strategy and Supply Chain Implications

This single-market dependence creates significant risk for Peruvian exporters. They should urgently explore market diversification, particularly toward the United States which previously showed import interest [FreightAmigo]. Supply chain planning should focus on maintaining Brazil relations while developing logistics capabilities for alternative routes, especially given potential US tariff impacts that could affect trade flows (EY Tax News).

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Peru Crude Oil (HS 2709) 2025 Q3 Export: Action Plan for Crude Oil Market Expansion

Strategic Supply Chain Overview

Peru Crude Oil Export 2025 Q3 under HS Code 2709 operates as a pure commodity trade. Prices are driven solely by global crude indices and geopolitical risks, not product differentiation. The supply chain implications are severe: total dependence on one buyer (PETROTAL PERU S.R.L) and one market (Brazil) creates high vulnerability. Peru functions only as a bulk extraction hub, with no value-added processing or diversification.

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

• Diversify export markets using trade flow analytics. Target the United States and Asian markets to reduce Brazil dependency and capture higher demand cycles.
• Monitor global crude price indices daily. Adjust shipment timing to leverage price peaks and protect against geopolitical shocks.
• Strengthen logistics for alternative routes. Develop port and shipping partnerships to enable flexible rerouting if tariffs or disruptions occur.
• Engage PETROTAL with long-term volume agreements. Secure committed offtake to stabilize revenue while pursuing new buyers.

Risk and Mitigation: Forward-Looking Controls

Extreme concentration poses existential risk. Mitigate by building a multi-buyer portfolio and investing in supply chain resilience. Track US tariff policies closely—any change could require immediate market shift.

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Frequently Asked Questions

Q1. What is driving the recent changes in Peru Crude Oil Export 2025 Q3?

The export value rose 18% in Q3 due to volume growth, but unit prices dropped 44% from July to September, reflecting global crude oil volatility and sensitivity to supply-demand imbalances.

Q2. Who are the main partner countries in this Peru Crude Oil Export 2025 Q3?

Brazil is the sole destination, accounting for 100% of Peru’s crude oil exports by value, weight, and transaction frequency.

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

No price variation exists—Peru’s exports are uniformly priced at ~$0.32/kg for crude petroleum oils (HS 2709), confirming a standardized bulk commodity trade.

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

Exporters must maintain their sole relationship with dominant buyer PETROTAL PERU S.R.L while urgently diversifying markets to mitigate Brazil-dependent risk.

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

Brazil’s buyers benefit from stable bulk shipments but face no competition, giving Peru limited pricing power and exposing them to global crude price swings.

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

Crude oil is traded as a fungible bulk commodity, primarily for refining into fuels or petrochemicals, with no value-added processing in Peru’s exports.

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