Peru Fuel Oil HS2710 Export Data 2025 February Overview

Peru Fuel Oil (HS 2710) 2025 February Export: Key Takeaways

Peru's Fuel Oil exports under HS Code 2710 in February 2025 reveal a high-value product, with Bolivia receiving premium-grade shipments at $0.97/kg, indicating superior quality. The market shows strong regional concentration, with Bolivia dominating as the top buyer, while China, Japan, and Brazil drive bulk demand. Geographic risk is mitigated by Bolivia's proximity and trade ties, alongside opportunities under the US-Peru FTA. This analysis is based on cleanly processed Customs data from the yTrade database, covering February 2025.

Peru Fuel Oil (HS 2710) 2025 February Export Background

Fuel Oil, classified under HS Code 2710 as petroleum oils and oils obtained from bituminous minerals (other than crude), is a critical energy source for industries like shipping, power generation, and manufacturing, ensuring steady global demand. Peru’s Fuel Oil exports, valued at $2.06 billion in 2023, benefit from trade agreements like the US-Peru FTA, which reduces tariffs and boosts market access [The Observatory of Economic Complexity]. As of February 2025, Peru remains a key exporter, with the US, Panama, and Brazil as top destinations, supported by competitive infrastructure and stable trade policies.

Peru Fuel Oil (HS 2710) 2025 February Export: Trend Summary

Key Observations

Peru's Fuel Oil exports under HS Code 2710 saw a notable decline in both unit price and volume in February 2025 compared to January, with the unit price dropping to $0.65 USD/kg and volume falling by approximately 17%.

Price and Volume Dynamics

The decrease in February's exports reflects typical seasonal patterns in the fuel oil industry, where demand often peaks in January due to winter heating requirements in key import markets like the United States. The unit price fell by about 6% month-over-month, while volume contracted significantly, indicating a market softening as the heating season concludes. This aligns with cyclical stock replenishment cycles, where post-winter demand typically wanes.

External Context and Outlook

The stable regulatory environment supports this trend, as there have been no major policy changes for HS Code 2710 exports from Peru in early 2025 [Seair Exim Solutions]. The US-Peru Free Trade Agreement continues to provide tariff benefits, but global oil price fluctuations likely contributed to the February dip, maintaining Peru's position as a significant exporter amid competitive international conditions.

Peru Fuel Oil (HS 2710) 2025 February Export: HS Code Breakdown

Product Specialization and Concentration

In February 2025, Peru's Fuel Oil exports under HS Code 2710 are heavily concentrated in light oils, specifically the sub-code for light oils and preparations, which holds a 32% value share and 32% weight share. This product has a unit price of 0.65 USD per kilogram, indicating it is a high-volume, low-cost bulk commodity. An extreme price anomaly exists with a niche product priced at 4.58 USD per kilogram, but it represents less than 0.01% of the export value and is isolated from the main analysis.

Value-Chain Structure and Grade Analysis

The remaining sub-codes fall into three clear groups based on unit price and description. Lower-grade oils, such as those with unit prices around 0.39 to 0.54 USD per kilogram, are bulk commodities likely tied to market indices. Medium-grade oils, priced near 0.90 to 0.98 USD per kilogram, show slight refinement. Higher-grade products, with unit prices from 2.20 to 2.40 USD per kilogram, are more specialized, possibly lubricants or finished preparations. This structure reveals a trade in both fungible bulk oils and differentiated goods, with price variations reflecting refinement levels.

Strategic Implication and Pricing Power

Exporters of higher-grade Fuel Oil products under HS Code 2710 have stronger pricing power due to specialization, while bulk oil sellers face competitive pressure. Peru's position as a significant refined petroleum exporter, with 2.06 billion USD in 2023 exports primarily to the US, Panama, and Brazil [OEC World], supports a strategic focus on diversifying into value-added products to capitalize on trade agreements and market access.

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Peru Fuel Oil (HS 2710) 2025 February Export: Market Concentration

Geographic Concentration and Dominant Role

In February 2025, Peru's Fuel Oil exports under HS Code 2710 were highly concentrated, with Bolivia as the dominant importer. Bolivia accounted for 13.00% of the export value but only 8.61% of the weight, indicating a higher unit price of approximately 0.97 USD per kilogram, which suggests Bolivia receives a higher grade or more processed Fuel Oil compared to other destinations.

Partner Countries Clusters and Underlying Causes

The importers form three clusters: first, Bolivia with very high shipment frequency and value share, likely due to its proximity and strong bilateral trade ties with Peru. Second, China, Japan, and Brazil with high weight shares but low frequency, pointing to large, occasional bulk shipments for industrial or energy needs. Third, Chile and Ecuador with high frequency but lower value per shipment, reflecting regular, smaller deliveries for regional consumption or distribution hubs.

Forward Strategy and Supply Chain Implications

Peruvian Fuel Oil exporters should prioritize high-value markets like Bolivia to boost profitability and consider expanding to partners under trade agreements, such as the US-Peru FTA [FreightAmigo], which facilitates access. Supply chains must adapt to handle both bulk shipments for major economies and frequent, smaller loads for neighboring countries, ensuring efficiency and cost-effectiveness.

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Peru Fuel Oil (HS 2710) 2025 February Export: Action Plan for Fuel Oil Market Expansion

Strategic Supply Chain Overview

The Peru Fuel Oil Export 2025 February market under HS Code 2710 is driven by two core price factors. Product grade determines value, with bulk light oils priced low and specialized preparations commanding premiums. Buyer concentration also sets prices, as high-frequency industrial users dominate trade. These dynamics create key supply chain implications. Peru must ensure secure, high-volume processing for bulk shipments. It must also manage frequent, smaller deliveries to regional partners. This dual flow requires flexible logistics to balance cost and reliability.

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

• Use HS Code 2710 sub-category data to target buyers of higher-grade products. This boosts profit margins by focusing on value-added exports.
• Analyze buyer frequency patterns to forecast demand and adjust production schedules. This prevents overstock and aligns output with market cycles.
• Prioritize logistics for high-frequency shipments to Bolivia and other neighbors. This ensures on-time delivery and strengthens key regional relationships.
• Diversify into trade agreement markets like the US using export facilitation clauses. This reduces reliance on any single buyer segment and spreads risk.
• Monitor global oil indices and grade-based price shifts monthly. This allows quick pricing adjustments to protect competitiveness in bulk sales.

Take Action Now —— Explore Peru Fuel Oil Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Peru Fuel Oil Export 2025 February?

The decline in unit price (-6%) and volume (-17%) reflects seasonal demand softening post-winter, with bulk commodity exports under HS Code 2710 tied to cyclical heating needs in key markets like the US.

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

Bolivia dominates with 13% of export value, followed by China, Japan, and Brazil, which receive large bulk shipments, while Chile and Ecuador import smaller, frequent deliveries.

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

Price differences stem from product grades: Bolivia’s higher unit price (0.97 USD/kg) suggests refined or specialized Fuel Oil, while others receive lower-grade bulk oils priced at 0.39–0.54 USD/kg.

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

Exporters must prioritize high-value buyers (97.72% of trade value) and diversify into specialized products (e.g., lubricants) to mitigate reliance on bulk commodity markets.

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

Buyers in Bolivia benefit from stable, high-grade supply due to proximity, while bulk importers like China face price volatility tied to global oil markets and seasonal demand shifts.

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

Fuel Oil is primarily used for industrial energy needs, heating, and as a feedstock for refined products like lubricants, with bulk grades serving large-scale consumers and higher grades for specialized applications.