Peru Fresh Asparagus HS070920 Export Data 2025 May Overview

Peru Fresh Asparagus (HS 070920) 2025 May Export: Key Takeaways

Peru's Fresh Asparagus (HS Code 070920) exports in May 2025 were dominated by bulk, commodity-grade shipments to the U.S., which accounted for 79.34% of export value and 86.64% of weight, reflecting high buyer concentration and pricing pressure from a recent 10% tariff. European markets like the UK and Spain showed slightly higher unit prices, offering diversification potential amid U.S. reliance risks. This analysis covers May 2025 and is based on cleanly processed Customs data from the yTrade database.

Peru Fresh Asparagus (HS 070920) 2025 May Export Background

What is HS Code 070920?

HS Code 070920 refers to fresh or chilled asparagus, a high-value agricultural product primarily consumed in gourmet and health-conscious markets. Asparagus is a perennial crop with stable global demand due to its nutritional benefits and versatility in culinary applications. Key industries include retail, food service, and processed food manufacturing, with major importers valuing its year-round availability from producers like Peru.

Current Context and Strategic Position

In 2025, Peru's Fresh Asparagus (HS Code 070920) exports face a shifting trade landscape. The U.S. imposed a 10% baseline tariff on all imports from trading partners, including Peru, effective April 5, 2025 [EY Tax News]. While a November 2025 exemption covered 100 Peruvian agricultural products, asparagus was not explicitly included [SAHM Capital]. Peru remains a critical supplier, leveraging its counter-seasonal production to meet Northern Hemisphere demand. Market vigilance is essential to navigate tariff impacts and maintain competitiveness in May 2025 and beyond.

Peru Fresh Asparagus (HS 070920) 2025 May Export: Trend Summary

Key Observations

In May 2025, Peru's export of Fresh Asparagus under HS Code 070920 reached $32.32 million in value and 11.08 million kilograms in volume, indicating a moderate performance as the seasonal peak winds down.

Price and Volume Dynamics

The May figures show a sharp month-over-month decline from April's $52.51 million value and 15.38 million kg volume, consistent with the end of the primary harvest season for asparagus, where exports typically taper off after spring peaks. This seasonal pattern explains the reduced output, as supply naturally decreases post-harvest, without immediate external shocks driving the drop.

External Context and Outlook

The broader trade environment saw increased headwinds from a U.S. 10% baseline tariff imposed in April 2025 [EY Tax News], which likely compounded seasonal pressures by raising costs and dampening demand for Peru Fresh Asparagus exports. Looking ahead, market stability will hinge on navigating these tariff impacts while awaiting potential policy adjustments or exemptions.

Peru Fresh Asparagus (HS 070920) 2025 May Export: HS Code Breakdown

Product Specialization and Concentration

The yTrade data for Peru Fresh Asparagus HS Code 070920 Export 2025 May shows a single, dominant product category. Fresh or chilled asparagus accounts for the entire export volume and value, with no other sub-codes present. This complete concentration indicates a highly specialized export profile focused solely on this single form of the vegetable.

Value-Chain Structure and Grade Analysis

The export structure is uniform, with all shipments classified under the same fresh or chilled asparagus category. This suggests Peru's exports are primarily bulk, unprocessed agricultural goods rather than differentiated, value-added products. The trade operates as a fungible commodity, where price is likely driven by weight and quality grades rather than brand or processing stage.

Strategic Implication and Pricing Power

Peru's asparagus exports face pressure from the U.S.'s 10% baseline tariff [EY Tax News], as asparagus was not among the exempted products in recent U.S. actions [Sahm Capital]. This limits pricing power and emphasizes the need for cost efficiency and quality consistency to maintain competitiveness in the commodity market.

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Peru Fresh Asparagus (HS 070920) 2025 May Export: Market Concentration

Geographic Concentration and Dominant Role

In May 2025, Peru's Fresh Asparagus HS Code 070920 Export was highly concentrated in the United States, which dominated with 79.34% of export value and 86.64% of weight. The lower value ratio compared to weight ratio suggests a unit price of around 2.67 USD/kg, indicating bulk, commodity-grade shipments possibly influenced by market dynamics or external factors like tariffs.

Partner Countries Clusters and Underlying Causes

Two main clusters emerge: the United States as the primary bulk buyer, likely due to the US-Peru Trade Promotion Agreement facilitating high-volume trade [U.S. Trade Government]; and European nations like the United Kingdom and Spain, which show moderate import levels with slightly higher unit prices, reflecting demand for fresh produce in developed markets. A smaller cluster includes nearby American countries such as Brazil and Mexico, possibly driven by regional trade flows and shorter supply chains for freshness.

Forward Strategy and Supply Chain Implications

For Peruvian exporters, the heavy reliance on the US market poses risks from tariff changes, as a 10% US tariff was imposed in April 2025 (EY Tax News), potentially squeezing margins. Diversifying into European markets with better pricing or leveraging trade agreements for tariff exemptions could stabilize supply chains. Emphasizing quality and logistics for freshness will be key to maintaining competitiveness in all regions.

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Peru Fresh Asparagus (HS 070920) 2025 May Export: Action Plan for Fresh Asparagus Market Expansion

Strategic Supply Chain Overview

Peru Fresh Asparagus Export 2025 May under HS Code 070920 operates as a bulk commodity. Price is driven by quality grade and weight, not value-added processing. The 10% US tariff directly pressures margins. Supply chains must prioritize speed and cost efficiency due to perishability and high-volume buyer dependence.

The market relies heavily on the United States, which takes over 79% of volume. This creates geopolitical risk from tariff changes. Supply chains must ensure consistent delivery to maintain buyer trust. European markets offer slightly better prices but require longer logistics.

Action Plan: Data-Driven Steps for Fresh Asparagus Market Execution

• Monitor US tariff updates weekly using official trade portals. Why it matters: Immediate cost adjustments protect margins from policy shifts.
• Segment buyers by frequency and volume using trade data. Why it matters: Prioritize high-value, high-frequency clients to secure stable revenue streams.
• Diversify export routes to include the UK and Spain. Why it matters: Reduces over-reliance on the US and taps into markets with higher unit prices.
• Implement quality tracking from farm to port. Why it matters: Consistent grade maintenance justifies price points despite commodity nature.
• Negotiate freight contracts based on shipment timing data. Why it matters: Lower logistics costs offset tariff impacts and preserve competitiveness.

Take Action Now —— Explore Peru Fresh Asparagus Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Peru Fresh Asparagus Export 2025 May?

The decline in May 2025 exports reflects seasonal tapering post-harvest, compounded by a 10% U.S. tariff that dampened demand and squeezed margins for this bulk commodity.

Q2. Who are the main partner countries in this Peru Fresh Asparagus Export 2025 May?

The U.S. dominated with 79.34% of export value, followed by smaller European markets like the UK and Spain, which showed slightly higher unit prices.

Q3. Why does the unit price differ across Peru Fresh Asparagus Export 2025 May partner countries?

Price differences stem from the uniform bulk-grade nature of Peru’s exports, with European markets likely paying modest premiums for freshness in developed supply chains.

Q4. What should exporters in Peru focus on in the current Fresh Asparagus export market?

Exporters must prioritize high-volume U.S. buyers (82.55% of value) while diversifying into European markets to mitigate tariff risks and stabilize pricing.

Q5. What does this Peru Fresh Asparagus export pattern mean for buyers in partner countries?

U.S. buyers benefit from consistent bulk supply but face tariff-driven cost pressures, while European buyers access fresher product at marginally higher prices.

Q6. How is Fresh Asparagus typically used in this trade flow?

Peru’s exports are primarily unprocessed, fresh/chilled asparagus shipped as a fungible commodity for retail or foodservice distribution.