2025 Peru Molybdenum ores (HS 2613) Export: High Volatility

Key Takeaways

Molybdenum ores, classified under HS Code 2613 (Molybdenum ores and concentrates), exhibited high volatility from January to November 2025.

• Market Pulse: Export values fluctuated sharply, peaking at $276 million in October before dropping to a low of $178 million in April, driven by US tariff policies and global demand shifts.
• Structural Shift: Peru's Molybdenum ores export market is hyper-concentrated, with Chile (42.56% of value) and the U.S. (20.60% of value) dominating trade, creating significant geographic risk.
• Product Logic: HS Code 2613 trade data reveals a bulk-commodity market, with unprocessed ores priced at $4.07/kg, emphasizing volume-driven trade over value-added processing.

This overview covers the period from January to November 2025 and is based on verified customs data from the yTrade database.

Peru Molybdenum Ores (HS Code 2613) Key Metrics Trend

Market Trend Summary

The Peru molybdenum ores export trend under HS code 2613 from January to November 2025 displayed high volatility, with values fluctuating significantly month-to-month. Starting strong at $265 million in January, exports dipped to a low of $178 million by April, surged to $276 million in October, but ended with a sharp decline in November, reflecting an unstable trade pattern throughout the year.

Drivers & Industry Context

This volatility was primarily driven by external policy shocks, notably the US imposition of a 10% baseline tariff on all trading partners effective April 5, 2025, which correlates with the value drop in April [EY Global Tax News]. The US-Peru Free Trade Agreement likely cushioned some impacts, aiding recoveries in later months, while the overall hs code 2613 value was influenced by mining sector cycles and global demand shifts (FreightAmigo).

Table: Peru Molybdenum Ores Export Trend (Source: yTrade)

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Peru HS Code 2613 Export Breakdown

Market Composition & Top Categories

According to yTrade data, Peru's HS Code 2613 export throughout 2025 is entirely dominated by Molybdenum ores and concentrates, other than roasted, which accounts for 100% of both export value and weight. This single product category monopolizes the trade under this code, with no other sub-codes present in the data. The export volume reached 507 million kilograms, underscoring Peru's focus on raw material shipments.

Value Chain & Strategic Insights

The unit price of 4.07 USD per kilogram indicates a low-value bulk commodity, typical for unprocessed ores, where trade is volume-driven and price-sensitive. This HS Code 2613 breakdown shows Peru's export strategy centers on extraction-stage products, with minimal value addition. The trade structure is straightforward, reflecting a commodity market reliant on global demand and price fluctuations.

Table: Peru HS Code 2613) Export Breakdown Details (Source: yTrade)

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Peru Molybdenum Ores Destination Countries

Geographic Concentration & Market Risk

Peru's Molybdenum ores export destinations show high reliance on a single partner. From January to November 2025, Chile was the dominant market, accounting for 42.56% of total export value. This concentration creates significant market risk, as any economic or political shift in Chile could immediately impact Peru's primary revenue stream for this commodity.

Purchasing Behavior & Demand Segmentation

Chile's purchasing profile reveals a market paying premium prices for high-value specifications, with its value share (42.56%) dramatically exceeding its weight share (7.03%). Conversely, the United States represents price-sensitive bulk processing, carrying 67.51% of the weight but only 20.60% of the value. These distinct patterns indicate Peru's trade partners for Molybdenum ores operate in two segments: Chile offers margin potential through quality-focused demand, while the U.S. provides volume scale through industrial consumption.

Table: Peru Molybdenum Ores (HS Code 2613) Top Destination Countries (Source: yTrade)

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Peru Molybdenum Ores Buyer Companies Analysis

Buyer Concentration & Market Structure

According to yTrade data, the Peru Molybdenum ores buyers market is overwhelmingly dominated by a small group of Key Accounts, who represent 91.36% of the total export value from January to November 2025. This indicates a highly concentrated market built on stable, long-term supply contracts with major industrial consumers. The market structure is defined by these High-Volume Repeaters, who are the clear anchors of the trade flow.

Purchasing Behavior & Sales Strategy

The sales strategy must focus on nurturing these core relationships through consistent quality and reliable logistics, as losing a single Key Account would pose a significant concentration risk. Sellers should also monitor regulatory changes, as news from [FreightAmigo] highlights upcoming HS code adjustments that could impact these contracts. Understanding these HS Code 2613 buyer trends is essential for maintaining a competitive position in this contract-driven market.

Table: Peru Molybdenum Ores (HS Code 2613) Top Buyers List (Source: yTrade)

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Action Plan for Molybdenum Ores Market Operation and Expansion

• Diversify buyer base: Mitigate concentration risk by expanding beyond the 91.36% reliance on Key Accounts, targeting secondary markets to stabilize revenue streams.
• Lock in premium contracts: Prioritize Chilean buyers, who pay higher margins (42.56% value share vs. 7.03% weight share), over bulk-focused U.S. deals.
• Hedge against volatility: Use short-term contracts or price adjustments to buffer against tariff shocks, like the 10% U.S. duty imposed in April 2025.
• Optimize logistics: Reduce transport costs for bulk shipments to the U.S., which carries 67.51% of weight but only 20.60% of value.
• Monitor regulatory changes: Track HS code adjustments and trade agreements (e.g., US-Peru FTA) to preempt disruptions to long-term contracts.

Take Action Now —— Explore Peru Molybdenum ores HS Code 2613 Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Peru Molybdenum ores Export in 2025?

Peru's Molybdenum ores exports in 2025 showed high volatility due to external policy shocks, including a 10% US tariff in April, and were influenced by mining sector cycles and global demand shifts.

Q2. Who are the main destination countries of Peru Molybdenum ores (HS Code 2613) in 2025?

Chile was the dominant market, accounting for 42.56% of export value, followed by the US with 20.60%, reflecting a high reliance on these two key partners.

Q3. Why does the unit price differ across destination countries of Peru Molybdenum ores Export in 2025?

Chile pays premium prices for high-value specifications, while the US focuses on bulk processing, leading to a significant value-to-weight disparity between the two markets.

Q4. What should exporters in Peru focus on in the current Molybdenum ores export market?

Exporters must prioritize nurturing relationships with key accounts (91.36% of trade value) while diversifying to mitigate risks from over-reliance on Chile and the US.

Q5. What does this Peru Molybdenum ores export pattern mean for buyers in partner countries?

Buyers in Chile benefit from high-quality supply, while US buyers secure bulk volumes at lower prices, but both face risks from Peru's concentrated export structure.

Q6. How is Molybdenum ores typically used in this trade flow?

Peru exports raw, unprocessed Molybdenum ores (HS Code 2613), primarily for industrial processing, reflecting a commodity-driven trade with minimal value addition.

Detailed Monthly and Quarterly Report

Peru HS Code 2613 Export Data Snapshot 2025 JAN

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