Peru Gold Bullion HS7108 Export Data 2025 Q1 Overview

Peru Gold Bullion (HS 7108) 2025 Q1 Export: Key Takeaways

Peru's Gold Bullion exports under HS Code 7108 in 2025 Q1 reveal a high-value trade dominated by the UAE (31.58% share), where shipments command premium prices (~82,700 USD/kg), indicating refined or high-purity bullion. The market shows tight buyer concentration, with UAE and India forming a high-value cluster, while Canada and Switzerland handle bulk shipments at lower unit prices. This analysis, covering 2025 Q1, is based on cleanly processed Customs data from the yTrade database.

Peru Gold Bullion (HS 7108) 2025 Q1 Export Background

Peru Gold Bullion, classified under HS Code 7108 as gold in unwrought or semi-manufactured forms, fuels industries like jewelry, electronics, and central bank reserves due to its stable global demand. With Peru leading HS Code 7108 exports in 2025, shipping $8.92B in 2023 primarily to Canada, India, and Switzerland [OEC], the country remains a top supplier amid tightening global gold markets. As Q1 2025 unfolds, Peru’s mining policies and export volumes will be critical for traders tracking this high-value commodity.

Peru Gold Bullion (HS 7108) 2025 Q1 Export: Trend Summary

Key Observations

Peru's Gold Bullion exports under HS Code 7108 in 2025 Q1 demonstrated sharp volatility, with a unit price peak exceeding $42,000 per kg in February, while March volumes surged to over 73,000 kg, doubling January's levels.

Price and Volume Dynamics

The Q1 trends reveal significant month-over-month shifts: February's price spike of over 28% from January coincided with a 29% volume drop, typical of gold market reactions to short-term investor sentiment or supply constraints. March then saw an 18% price correction but a 106% volume surge, indicating robust export momentum and possible inventory releases ahead of seasonal demand cycles, such as increased jewelry fabrication in key markets. Compared to annual 2023 data where Peru exported $8.92B in gold [OEC], this Q1 performance suggests strengthened export flows, aligning with Peru's leading role in HS Code 7108 shipments [Volza].

External Context and Outlook

Global gold price fluctuations and demand from major partners like Canada, India, and Switzerland—key destinations for Peru's exports [OEC]—likely drove this volatility, with February's high prices reflecting broader economic uncertainties. Looking ahead, sustained export growth will depend on stable mining output and evolving trade dynamics, underscoring Peru's critical position in the global gold supply chain.

Peru Gold Bullion (HS 7108) 2025 Q1 Export: HS Code Breakdown

Product Specialization and Concentration

For Peru Gold Bullion HS Code 7108 Export in 2025 Q1, the market is entirely dominated by a single product: unwrought gold under sub-code 7108120000, described as "Metals; gold, non-monetary, unwrought (but not powder)". This sub-code accounts for all export value, weight, and frequency, with a unit price of 35,977 USD per kilogram, indicating a highly specialized and concentrated trade in raw gold. No price anomalies are present to isolate, as this is the sole exported item.

Value-Chain Structure and Grade Analysis

With only one sub-code exported, the structure lacks diversity and is focused exclusively on raw, unwrought gold. This implies a trade in fungible bulk commodities, directly linked to global gold indices, with no semi-finished or differentiated products. The absence of other grades or forms confirms that Peru's exports under this code are purely commodity-based, without value-add stages.

Strategic Implication and Pricing Power

This extreme concentration provides Peru with strong pricing power in the gold market, as exports are undiversified and reliant on high-value raw material. According to [OEC], Peru is a major gold exporter, which reinforces its strategic position. Market players should focus on monitoring global gold prices and supply chains to leverage this dominance.

Check Detailed HS 7108 Breakdown

Peru Gold Bullion (HS 7108) 2025 Q1 Export: Market Concentration

Geographic Concentration and Dominant Role

Peru's gold bullion exports under HS Code 7108 in 2025 Q1 were highly concentrated, with the United Arab Emirates dominating by value at 31.58% of total exports. The disparity between UAE's value ratio (31.58) and weight ratio (13.72) points to a higher unit price, estimated around 82,700 USD per kilogram, indicating shipments of high-purity or refined gold bullion to this market. This pattern suggests UAE serves as a key hub for premium gold trading, while other top partners like India show similar high-value characteristics.

Partner Countries Clusters and Underlying Causes

Two main clusters emerge from the data. First, UAE and India form a high-value, high-frequency cluster, likely driven by their roles as major gold consumption and trading centers, with India's cultural demand for gold and UAE's Dubai market attracting premium shipments. Second, Canada and Switzerland represent a high-quantity cluster with lower value ratios, possibly due to their refining infrastructure or financial investment purposes, handling bulk shipments with slightly lower unit prices. Minor partners like the United States and Turkey show smaller, sporadic imports, reflecting niche or secondary market roles.

Forward Strategy and Supply Chain Implications

Exporters should prioritize maintaining relationships with dominant markets like UAE and India to capitalize on high-value demand, while importers in other regions could seek diversification to avoid supply chain disruptions. Historical data from OEC World supports this focus, noting Peru's gold exports have consistently flowed to Canada, India, and Switzerland, reinforcing the stability of these trade routes (OEC World). Market players should monitor geopolitical shifts and gold price volatility to adapt quickly, ensuring resilient sourcing and distribution strategies for this commodity.

Get Complete Partner Countries Profile

Peru Gold Bullion (HS 7108) 2025 Q1 Export: Action Plan for Gold Bullion Market Expansion

Strategic Supply Chain Overview

The Peru Gold Bullion Export 2025 Q1 under HS Code 7108 is a highly concentrated commodity trade. Price is driven by global gold indices and shipment purity, with the UAE and India paying premium rates for high-grade bullion. Supply chain implications center on supply security, as Peru's role is as a raw material supplier to major processing and trading hubs like the UAE, Canada, and Switzerland. Reliance on a few high-value, frequent buyers and key geographic partners creates vulnerability to demand shifts or geopolitical disruptions.

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

• Monitor daily global gold price indices and correlate them with shipment data to anticipate price shifts and optimize export timing. This maximizes revenue by aligning sales with market peaks.
• Analyze buyer frequency and value clusters to identify core high-volume partners and develop tailored contract terms. This secures stable demand while reducing over-reliance on any single buyer.
• Track shipment volumes and unit prices to UAE and India to detect changes in premium gold demand. This allows quick reallocation of high-purity inventory to the most profitable markets.
• Use trade data to identify emerging or secondary buyers in regions like the US or Turkey for gradual market diversification. This mitigates risk if dominant partners reduce orders.
• Review supply chain routes and partner policies quarterly to avoid delays or tariffs. This ensures consistent delivery to refining and financial hubs like Switzerland and Canada.

Take Action Now —— Explore Peru Gold Bullion Export Data

Frequently Asked Questions

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

Peru's gold bullion exports in Q1 2025 saw sharp volatility, with February prices spiking 28% amid lower volumes, followed by an 18% price drop and a 106% volume surge in March. This reflects typical gold market reactions to investor sentiment and seasonal demand cycles.

Q2. Who are the main partner countries in this Peru Gold Bullion Export 2025 Q1?

The United Arab Emirates (31.58% of export value), India, Canada, and Switzerland dominate Peru's gold exports. UAE and India form a high-value cluster, while Canada and Switzerland handle bulk shipments.

Q3. Why does the unit price differ across Peru Gold Bullion Export 2025 Q1 partner countries?

Price differences stem from shipment types: UAE and India receive high-purity or refined bullion (averaging ~$82,700/kg), while Canada and Switzerland process bulk shipments with slightly lower unit prices.

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

Exporters should prioritize relationships with high-value frequent buyers (68.38% of trade) in UAE and India while diversifying to mitigate reliance on dominant markets.

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

Buyers in UAE and India benefit from premium gold access, while those in Canada/Switzerland gain stable bulk supply. All should monitor price volatility and geopolitical risks.

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

Peru exclusively exports raw, unwrought gold (HS 7108120000), indicating trade for refining, investment, or direct use in jewelry/financial markets globally.

Detailed Monthly Report

Peru HS7108 Export Snapshot 2025 JAN

Peru HS7108 Export Snapshot 2025 FEB

Peru HS7108 Export Snapshot 2025 MAR