Peru Gold Bullion HS7108 Export Data 2025 May Overview

Peru Gold Bullion (HS 7108) 2025 May Export: Key Takeaways

Peru's Gold Bullion exports (HS Code 7108) in May 2025 reveal a high-value product concentrated in premium markets, with the UAE and India driving demand for refined gold while bulk shipments flow to Canada and Switzerland. The U.S. market faces tariff pressures, requiring strategic pricing adjustments. Buyer concentration is moderate, with top destinations holding significant but not overwhelming shares. This analysis, covering May 2025, is based on cleanly processed Customs data from the yTrade database.

Peru Gold Bullion (HS 7108) 2025 May Export Background

Peru Gold Bullion (HS Code 7108) covers unwrought or semi-manufactured gold and powder, a critical input for jewelry, electronics, and central bank reserves due to its stable global demand. Recent US tariff hikes in April 2025 [EY Tax News] added costs for exporters, while Peru’s SUNAT tightened documentation for shipments, especially to the US and GCC markets transitioning to 12-digit HS codes. As the world’s top gold exporter, Peru’s 2025 May exports rely on navigating these policies while meeting strong demand from Canada, India, and Switzerland [OEC].

Peru Gold Bullion (HS 7108) 2025 May Export: Trend Summary

Key Observations

Peru's Gold Bullion exports under HS Code 7108 in May 2025 saw a 4.1% month-over-month decline in unit price to 36,932 USD/kg, while volume held firm at 68,480 kg, indicating resilient export momentum despite price softening.

Price and Volume Dynamics

The 2025 data shows notable volatility, with February's unit price peak at 42,372 USD/kg coinciding with a volume drop, typical of gold's role as a safe-haven asset during market uncertainty. From April to May, the slight price dip and stable volume align with normal mining output cycles and adjusted demand post-Q1 highs, maintaining strong quarterly performance.

External Context and Outlook

The US imposition of a 10% tariff on all imports in April 2025 [EY Tax News] likely pressured Peru's Gold Bullion exports, contributing to May's price adjustments as costs rose. Ongoing trade policy shifts and global economic conditions will continue to influence HS Code 7108 dynamics through 2025.

Peru Gold Bullion (HS 7108) 2025 May Export: HS Code Breakdown

Product Specialization and Concentration

In May 2025, Peru's gold bullion export under HS Code 7108 is entirely dominated by a single product: unwrought, non-monetary gold, which accounts for 100% of the export value and weight. This sub-code, with a unit price of approximately 36,932 USD per kilogram, shows no price anomalies, indicating a highly specialized and concentrated market for raw gold exports from Peru.

Value-Chain Structure and Grade Analysis

The export structure for Peru Gold Bullion HS Code 7108 in 2025 May consists solely of unwrought gold, with no other sub-codes present. This monolithic focus on raw, unprocessed material classifies it as a fungible bulk commodity, directly tied to global gold indices and lacking differentiation in value-add stages or grades.

Strategic Implication and Pricing Power

Peru's gold bullion exports face pricing power constraints due to their commodity nature, relying on global market prices rather than product differentiation. The recent US tariff increases, as noted in news sources [FreightAmigo], could elevate costs and reduce competitiveness, urging exporters to focus on compliance and market diversification to mitigate risks.

Check Detailed HS 7108 Breakdown

Peru Gold Bullion (HS 7108) 2025 May Export: Market Concentration

Geographic Concentration and Dominant Role

In May 2025, Peru's Gold Bullion exports under HS Code 7108 showed strong geographic concentration, with the United Arab Emirates dominating as the top destination by value at 28.06% share. The UAE's value share significantly exceeded its weight share of 11.21%, indicating a higher unit price and suggesting imports of premium-grade gold. India followed with a 21.59% value share against a 10.15% weight share, reinforcing this trend of higher-value shipments.

Partner Countries Clusters and Underlying Causes

Two main clusters emerge among partner countries. First, UAE and India form a high-value cluster where value shares surpass weight shares, pointing to demand for refined or high-purity gold likely for jewelry or investment markets. Second, Canada and Switzerland represent a high-volume cluster with weight shares of 39.16% and 25.97% respectively but lower value shares, indicating bulk shipments possibly for storage or processing in financial hubs. The United States, with a value share above its weight share, may focus on smaller, higher-value lots.

Forward Strategy and Supply Chain Implications

For Peru's Gold Bullion exports, maintaining quality and relationships with high-value markets like UAE and India is crucial. The recent US tariff increase of 10% [EY Tax News] could raise costs for shipments to the US, prompting exporters to review pricing or diversify. Strengthening customs compliance and documentation, as highlighted in ongoing enforcement, will help secure tariff preferences and avoid disruptions in key markets.

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Peru Gold Bullion (HS 7108) 2025 May Export: Action Plan for Gold Bullion Market Expansion

Strategic Supply Chain Overview

The Peru Gold Bullion Export 2025 May under HS Code 7108 operates as a pure commodity market. Its price is driven by global gold indices and product quality, not value-added features. High buyer concentration and geographic clustering define its trade flow. A few key buyers in the UAE and India demand premium-grade gold, while bulk volume goes to hubs like Canada and Switzerland. Supply chain implications focus on supply security and Peru’s role as a raw material processor. External risks, like new US tariffs, threaten cost competitiveness and market access.

Action Plan: Data-Driven Steps for Gold Bullion Market Execution

• Monitor real-time global gold price indices and tariff updates. This allows dynamic pricing adjustments to protect margins against market volatility.
• Use buyer transaction data to identify dominant clients' purchase cycles. This ensures inventory alignment with high-frequency demand, avoiding overstock or shortfalls.
• Track shipment quality metrics for high-value destinations like the UAE and India. This maintains premium pricing power and strengthens relationships with key markets.
• Diversify export destinations using trade flow analytics. This reduces dependency on any single market and mitigates geopolitical or tariff-related disruptions.
• Strengthen customs documentation and compliance checks for all shipments. This secures tariff preferences and avoids delays or penalties in regulated markets.

Keywords

Peru Gold Bullion Export 2025 May, HS Code 7108.

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Frequently Asked Questions

Q1. What is driving the recent changes in Peru Gold Bullion Export 2025 May?

Peru's gold bullion exports saw a 4.1% month-over-month price decline to 36,932 USD/kg in May 2025, driven by US tariff increases and stable mining output cycles.

Q2. Who are the main partner countries in this Peru Gold Bullion Export 2025 May?

The UAE (28.06% value share) and India (21.59% value share) dominate as high-value destinations, while Canada and Switzerland handle bulk shipments.

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

Price differences stem from demand for premium-grade gold in high-value markets (UAE, India) versus bulk shipments for processing in financial hubs (Canada, Switzerland).

Q4. What should exporters in Peru focus on in the current Gold Bullion export market?

Exporters must maintain strong ties with dominant buyers (90% of value) and diversify markets to mitigate risks from US tariff hikes.

Q5. What does this Peru Gold Bullion export pattern mean for buyers in partner countries?

High-value buyers (UAE, India) secure premium gold, while bulk purchasers (Canada, Switzerland) benefit from steady supply for refining or storage.

Q6. How is Gold Bullion typically used in this trade flow?

Peru’s unwrought, non-monetary gold exports serve as a fungible bulk commodity, primarily tied to global indices for jewelry, investment, or financial processing.