2025 Peru Copper Ores (HS 2603) Export: Wild Swings
Key Takeaways
Copper Ores, classified under HS Code 2603 (Copper ores and concentrates), exhibited extreme volatility from January to November 2025.
- Market Pulse: Exports swung wildly, peaking at $4.24B in August (+92% MoM) before collapsing 91% to $299.64M in November, driven by Chinese demand shifts and global price sensitivity.
- Structural Shift: Peru Copper Ores Export reliance on China (80.44% of value) and a handful of high-volume buyers (>90% of trade) creates acute dependency risk.
- Product Logic: HS Code 2603 trade data confirms a low-value bulk commodity (unit price: $2.45/kg), with no diversification beyond raw copper ores and concentrates.
This overview covers the period from January to November 2025 and is based on verified customs data from the yTrade database.
Peru Copper Ores (HS Code 2603) Key Metrics Trend
Market Trend Summary
The trend in Peru's Copper Ores Export from January to November 2025 was highly volatile, marked by sharp swings in both volume and unit price. After a strong start, exports surged in March (reaching $3.77B, +50% MoM) and again in August (peaking at $4.24B, +92% MoM), but November saw a dramatic collapse to just $299.64M, down 91% from October.
Drivers & Industry Context
The volatility was driven by fluctuating Chinese demand, which accounted for over 81% of shipments [ytrade], and price sensitivity to global market conditions. The August price spike to $3.15/kg—the highest of the year—reflected tight supply and speculative activity, while the November plunge may signal destocking or policy shifts. Trade policy updates, including EU rules of origin alignment [EU Trade Update] and US tariff exclusions for Peruvian copper [Global Trade Alert], added further uncertainty to the hs code 2603 value trajectory.
Table: Peru Copper Ores Export Trend (Source: yTrade)
| Date | Value | Weight | Unit Price | Value MoM | Weight MoM | Unit Price MoM |
|---|---|---|---|---|---|---|
| 2025-01-01 | 2.94B USD | 1.41B kg | $2.08/kg | N/A | N/A | N/A |
| 2025-02-01 | 2.51B USD | 1.23B kg | $2.04/kg | -14.59% | -12.91% | -1.93% |
| 2025-03-01 | 3.77B USD | 1.54B kg | $2.45/kg | +50.09% | +25.21% | +19.88% |
| 2025-04-01 | 2.70B USD | 1.15B kg | $2.34/kg | -28.26% | -25.04% | -4.30% |
| 2025-05-01 | 2.89B USD | 1.10B kg | $2.64/kg | +6.98% | -4.97% | +12.58% |
| 2025-06-01 | 3.16B USD | 1.26B kg | $2.51/kg | +9.33% | +14.94% | -4.88% |
| 2025-07-01 | 2.21B USD | 1.01B kg | $2.18/kg | -29.97% | -19.57% | -12.94% |
| 2025-08-01 | 4.24B USD | 1.35B kg | $3.15/kg | +91.54% | +32.78% | +44.25% |
| 2025-09-01 | 3.62B USD | 1.40B kg | $2.59/kg | -14.62% | +3.88% | -17.81% |
| 2025-10-01 | 3.27B USD | 1.31B kg | $2.49/kg | -9.66% | -6.01% | -3.88% |
| 2025-11-01 | 299.64M USD | 126.86M kg | $2.36/kg | -90.84% | -90.34% | -5.10% |
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Peru HS Code 2603 Export Breakdown
Market Composition & Top Categories
According to yTrade data, Peru's HS Code 2603 export from January to November 2025 is entirely dominated by Copper ores and concentrates, which captures 100% of both export value and weight. This single sub-category represents the full scope of Peru's export activity under this code during this period. The Peru HS Code 2603 Export market shows no diversification, with all trade concentrated in this raw material form.
Value Chain & Strategic Insights
The unit price of 2.45 US dollars per kilogram confirms this as a low-value bulk commodity, typical for raw copper ores. This HS Code 2603 breakdown indicates a price-sensitive commodity market, where trade volumes and global price benchmarks dictate strategy rather than product differentiation. Understanding this trade structure is key for stakeholders focused on raw material sourcing and volume-driven exports.
Table: Peru HS Code 2603) Export Breakdown Details (Source: yTrade)
| HS Code | Product Description | Value | Frequency | Quantity | Weight |
|---|---|---|---|---|---|
| 260300**** | Copper ores and concentrates | 31.61B | 2.17K | 12.89B | 12.89B |
| 2603** | ******** | ******** | ******** | ******** | ******** |
Check Detailed HS Code 2603 Breakdown
Peru Copper Ores Destination Countries
Geographic Concentration & Market Risk
Peru's Copper Ores exports from January to November 2025 are heavily concentrated, with CHINA MAINLAND dominating at 80.44% of the total export value. This reliance on a single market among Peru Copper Ores export destinations creates substantial vulnerability to demand shifts or policy changes in China. Diversifying export partners is critical to reduce this exposure and stabilize trade flows.
Purchasing Behavior & Demand Segmentation
China's frequency ratio of 82.60% surpasses its weight ratio of 78.37%, indicating fragmented, high-frequency demand likely for just-in-time industrial processing. Among trade partners for Copper Ores, this pattern suggests a volume-driven market with consistent unit pricing, as value and weight ratios are closely aligned. The data points to volume scale opportunities rather than high margin potential, emphasizing bulk industrial consumption.
Table: Peru Copper Ores (HS Code 2603) Top Destination Countries (Source: yTrade)
| Country | Value | Quantity | Frequency | Weight |
|---|---|---|---|---|
| CHINA MAINLAND | 25.42B | 10.10B | 1.79K | 10.10B |
| JAPAN | 1.92B | 933.14M | 70.00 | 933.14M |
| SPAIN | 1.05B | 528.49M | 32.00 | 528.49M |
| INDIA | 1.02B | 385.66M | 33.00 | 385.66M |
| GERMANY | 720.77M | 282.76M | 41.00 | 282.76M |
| SOUTH KOREA | ****** | ****** | ****** | ****** |
Get Peru Copper Ores (HS Code 2603) Complete Destination Countries Profile
Peru Copper Ores Buyer Companies Analysis
Buyer Concentration & Market Structure
According to yTrade data, the Peru Copper Ores export market is overwhelmingly dominated by a core group of loyal, high-volume partners. This segment accounts for over 90% of the total export value and quantity, indicating a stable, contract-based supply chain. The market structure for HS Code 2603 is therefore highly consolidated, revolving around a few key accounts that drive consistent, large-scale shipments throughout 2025.
Purchasing Behavior & Sales Strategy
The extreme concentration among these key accounts creates significant dependency risk; losing even one major buyer would severely impact export volumes. Sales strategy must prioritize deepening relationships with these high-volume repeaters through long-term contracts and value-added services, locking in stability amid external pressures like potential tariff exclusions noted in trade reports [Global Trade Alert]. For HS Code 2603 buyer trends, this means focusing on reliability and supply chain integration rather than pursuing fragmented, spot-market opportunities.
Table: Peru Copper Ores (HS Code 2603) Top Buyers List (Source: yTrade)
| Buyer Company | Value | Quantity | Frequency | Weight |
|---|---|---|---|---|
| SUMITOMO METAL MINING CO., LTD | 415.84M | 216.02M | 8.00 | 216.02M |
| ATLANTIC COPPER, S.L.U | 314.01M | 154.79M | 7.00 | 154.79M |
| SHANDONG HUMON SMELTING CO LTD | 243.52M | 48.22M | 91.00 | 48.22M |
| ICICI BANK LIMITED | ****** | ****** | ****** | ****** |
Check Full Peru Copper Ores Buyers list
Action Plan for Copper Ores Market Operation and Expansion
- Diversify export markets: Reduce China dependency by targeting emerging industrial hubs in Southeast Asia or Europe to mitigate policy or demand shocks.
- Lock in long-term contracts: Secure high-volume buyers with value-added services (e.g., supply chain integration) to stabilize revenue amid volatility.
- Optimize logistics costs: Negotiate bulk shipping rates or explore alternative transport routes to offset thin margins in this price-sensitive commodity.
- Monitor trade policy shifts: Track updates to US tariff exclusions and EU rules of origin to anticipate disruptions or opportunities.
- Hedge price risk: Use futures or forward contracts to buffer against the extreme price swings observed in 2025.
Take Action Now —— Explore Peru Copper Ores HS Code 2603 Export Data
Frequently Asked Questions
Q1. What is driving the recent changes in Peru Copper Ores Export in 2025?
The volatility is driven by fluctuating Chinese demand (81% of shipments) and global price sensitivity, with August's $3.15/kg peak reflecting tight supply and November's 91% collapse signaling potential destocking or policy shifts.
Q2. Who are the main destination countries of Peru Copper Ores (HS Code 2603) in 2025?
China dominates with 80.44% of export value, indicating extreme geographic concentration and reliance on a single market.
Q3. Why does the unit price differ across destination countries of Peru Copper Ores Export in 2025?
Price differences stem from the commodity nature of raw copper ores (all HS Code 2603 exports), with a consistent bulk-market unit price of $2.45/kg.
Q4. What should exporters in Peru focus on in the current Copper Ores export market?
Exporters must prioritize long-term contracts with high-volume buyers (90% of trade) and diversify markets to reduce China dependency.
Q5. What does this Peru Copper Ores export pattern mean for buyers in partner countries?
Buyers benefit from stable bulk pricing but face supply chain risks due to Peru's reliance on few high-volume accounts and China's dominance.
Q6. How is Copper Ores typically used in this trade flow?
Copper ores are low-value bulk commodities primarily for industrial processing, evidenced by China's fragmented, high-frequency demand for just-in-time production.
Detailed Monthly and Quarterly Report
Peru HS Code 2603 Export Data Snapshot 2025 JAN
Peru HS Code 2603 Export Data Snapshot 2025 FEB
Peru HS Code 2603 Export Data Snapshot 2025 MAR
Peru HS Code 2603 Export Data Snapshot 2025 APR
Peru HS Code 2603 Export Data Snapshot 2025 MAY
Peru HS Code 2603 Export Data Snapshot 2025 JUN
Peru HS Code 2603 Export Data Snapshot 2025 JUL
Peru HS Code 2603 Export Data Snapshot 2025 AUG
Peru HS Code 2603 Export Data Snapshot 2025 SEP
Peru HS Code 2603 Export Data Snapshot 2025 Q1
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