2025 Peru Precious Metal Ores (HS 261690) Export: Market Collapse
Key Takeaways
Precious metal ores, classified under HS Code 261690 (Precious metal ores and concentrates; excluding silver), exhibited extreme volatility from January to November 2025.
- Market Pulse: Shipments collapsed by 85% month-on-month in November, erasing earlier gains, with value swinging from a March peak of $490.42M to a November trough of $59.76M.
- Structural Shift: Peru Precious metal ores Export market is dangerously concentrated, with China absorbing 99.44% of shipments, leaving minimal diversification to mitigate risk.
- Product Logic: HS Code 261690 trade data reveals a stark unit price gap (2.67 USD/kg vs. 9.45 USD/kg), signaling untapped premium potential beyond bulk commodity pricing.
This overview covers the period from January to November 2025 and is based on verified customs data from the yTrade database.
Peru Precious Metal Ores (HS Code 261690) Key Metrics Trend
Market Trend Summary
The Peru Precious metal ores Export trend from January to November 2025 showed extreme volatility, beginning with erratic swings before collapsing in the final month. Shipments opened strongly in Q1, with volume peaking at 171.77M kg in March, then fell sharply in April before recovering to a July high of 137.59M kg. This was followed by a steep decline, culminating in an 85% month-on-month volume crash to just 14.70M kg in November, erasing nearly all prior gains.
Drivers & Industry Context
The November collapse aligns with reports of an 82% volume plunge linked to destocking after front-loaded shipments earlier in the year [yTrade]. This volatility was exacerbated by Peru's near-total reliance on China, which accounted for 95–100% of exports under this code, creating acute supply chain vulnerability [yTrade]. The value derived from HS Code 261690 swung wildly, from a March peak of $490.42M to a November trough of $59.76M, reflecting sensitivity to Chinese demand shifts and potential tariff disruptions noted in industry reports (yTrade).
Table: Peru Precious Metal Ores Export Trend (Source: yTrade)
| Date | Value | Weight | Unit Price | Value MoM | Weight MoM | Unit Price MoM |
|---|---|---|---|---|---|---|
| 2025-01-01 | 339.46M USD | 145.04M kg | $2.34/kg | N/A | N/A | N/A |
| 2025-02-01 | 246.91M USD | 111.82M kg | $2.21/kg | -27.26% | -22.90% | -5.66% |
| 2025-03-01 | 490.42M USD | 171.77M kg | $2.86/kg | +98.62% | +53.61% | +29.30% |
| 2025-04-01 | 163.95M USD | 73.92M kg | $2.22/kg | -66.57% | -56.97% | -22.32% |
| 2025-05-01 | 290.41M USD | 112.23M kg | $2.59/kg | +77.13% | +51.83% | +16.67% |
| 2025-06-01 | 342.98M USD | 136.04M kg | $2.52/kg | +18.10% | +21.21% | -2.56% |
| 2025-07-01 | 410.52M USD | 137.59M kg | $2.98/kg | +19.69% | +1.14% | +18.34% |
| 2025-08-01 | 245.78M USD | 95.47M kg | $2.57/kg | -40.13% | -30.61% | -13.72% |
| 2025-09-01 | 254.07M USD | 71.89M kg | $3.53/kg | +3.37% | -24.69% | +37.27% |
| 2025-10-01 | 291.73M USD | 99.65M kg | $2.93/kg | +14.82% | +38.60% | -17.15% |
| 2025-11-01 | 59.76M USD | 14.70M kg | $4.07/kg | -79.51% | -85.25% | +38.90% |
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Peru HS Code 261690 Export Breakdown
Market Composition & Top Categories
HS Code 2616901000 dominates Peru's export of precious metal ores, accounting for over 99% of both value and weight shares in this category. According to yTrade data, this sub-code represented 3.12 billion USD in exports with 1.17 billion kilograms shipped from January to November 2025. The remaining sub-codes, including 2616909000, contribute minimally, with less than 1% combined share, indicating a highly concentrated Peru HS Code 261690 Export market.
Value Chain & Strategic Insights
The unit price disparity—2.67 USD/kg for the dominant sub-code versus 9.45 USD/kg for the minor one—suggests a market segmented by ore grade or processing level, rather than pure commodity pricing. This HS Code 261690 breakdown reveals a trade structure where higher-priced exports likely correspond to specialized, higher-value concentrates, pointing to quality sensitivity over bulk commodity dynamics. For Peru, focusing on premium segments could enhance export revenues without significant volume increases.
Check Detailed HS Code 261690 Breakdown
Peru Precious Metal Ores Destination Countries
Geographic Concentration & Market Risk
Peru's Precious metal ores export destinations are overwhelmingly concentrated in a single market. From January to October 2025, China accounted for 99.44% of the total export value, demonstrating near-total dependence. The next largest partners, India and Malaysia, held a combined share of just 0.56%, indicating extreme market risk from any demand shift or trade policy change in the primary destination.
Purchasing Behavior & Demand Segmentation
The trade data for Precious metal ores reveals a classic commodity profile. China’s value ratio (99.44%) and weight ratio (99.58%) are virtually identical, confirming price-sensitive bulk processing and industrial stockpiling drive this trade. The minimal, sporadic shipments to other trade partners are statistically irrelevant against this volume scale, which defines the market’s core characteristic.
Table: Peru Precious Metal Ores (HS Code 261690) Top Destination Countries (Source: yTrade)
| Country | Value | Quantity | Frequency | Weight |
|---|---|---|---|---|
| CHINA MAINLAND | 3.12B | 1.17B | 343.00 | 1.17B |
| INDIA | 10.96M | 1.32M | 8.00 | 1.32M |
| MALAYSIA | 6.68M | 3.59M | 3.00 | 3.59M |
| UNITED STATES | 30.36K | 1.58K | 5.00 | 1.58K |
| BRAZIL | 6.10K | 2.06K | 4.00 | 2.06K |
| SOUTH AFRICA | ****** | ****** | ****** | ****** |
Get Peru Precious Metal Ores (HS Code 261690) Complete Destination Countries Profile
Peru Precious Metal Ores Buyer Companies Analysis
Buyer Concentration & Market Structure
According to yTrade data, the Peru Precious metal ores export market from January to November 2025 is overwhelmingly dominated by Key Accounts, which represent 97.75% of the total value share. This cluster, characterized by high-volume, repeat purchases, indicates a stable and contract-based supply chain, with major players like SHANDONG HUMON SMELTING CO LTD driving consistent demand. The market structure is highly concentrated, with minimal fragmentation among other buyer types.
Purchasing Behavior & Sales Strategy
The purchasing patterns for HS Code 261690 reveal deeply entrenched loyalty from high-value repeat buyers, reducing transactional volatility but introducing concentration risk if key relationships falter. Sellers should focus on strengthening long-term contracts and offering value-added services to retain these accounts, while cautiously exploring digital channels to diversify the buyer base and capture emerging opportunities. This approach balances stability with growth in a tightly held market.
Table: Peru Precious Metal Ores (HS Code 261690) Top Buyers List (Source: yTrade)
| Buyer Company | Value | Quantity | Frequency | Weight |
|---|---|---|---|---|
| WERCO TRADE AG | 23.78M | 8.45M | 6.00 | 8.38M |
| SHANDONG HUMON SMELTING CO LTD | 21.04M | 5.99M | 23.00 | 5.99M |
| QINGDAO EXPLORE INTERNATIONAL TRADE CO. LTD | 790.00K | 88.22K | 2.00 | 88.22K |
| TANGMAO INTERNATIONAL TRADE PTE LTD | ****** | ****** | ****** | ****** |
Check Full Peru Precious Metal Ores Buyers list
Action Plan for Precious Metal Ores Market Operation and Expansion
- Diversify Buyers: Target secondary markets like India and Malaysia to reduce reliance on China, which accounts for 99.44% of exports. Even marginal shifts could stabilize revenue.
- Lock Contracts: Renegotiate long-term agreements with key accounts (97.75% of value share) to hedge against spot market volatility, ensuring baseline demand.
- Grade Up: Shift focus to higher-value concentrates (9.45 USD/kg segment) to exploit price disparities, leveraging Peru’s existing processing infrastructure.
- Monitor China: Track Chinese industrial stockpiling and tariff policies weekly—any demand shift directly threatens 99% of export revenue.
- Optimize Logistics: Audit shipping costs for bulk shipments (1.17B kg annually); even minor efficiency gains compound at this volume scale.
Take Action Now —— Explore Peru Precious metal ores HS Code 261690 Export Data
Frequently Asked Questions
Q1. What is driving the recent changes in Peru Precious metal ores Export in 2025?
Peru's exports of precious metal ores saw extreme volatility in 2025, peaking in March before an 85% month-on-month collapse in November. This was driven by Chinese destocking and Peru's near-total reliance on China, making the trade highly sensitive to demand shifts.
Q2. Who are the main destination countries of Peru Precious metal ores (HS Code 261690) in 2025?
China dominated Peru's exports, accounting for 99.44% of the total value. Other markets like India and Malaysia combined for just 0.56%, highlighting extreme geographic concentration.
Q3. Why does the unit price differ across destination countries of Peru Precious metal ores Export in 2025?
The price disparity stems from ore grade or processing levels—HS Code 2616901000 (bulk commodity) trades at $2.67/kg, while minor sub-codes like 2616909000 (specialized concentrates) command $9.45/kg.
Q4. What should exporters in Peru focus on in the current Precious metal ores export market?
Exporters must prioritize retaining high-value repeat buyers (97.75% of trade) through long-term contracts while cautiously diversifying beyond China to mitigate concentration risk.
Q5. What does this Peru Precious metal ores export pattern mean for buyers in partner countries?
Chinese buyers benefit from stable bulk supply, but the market's volatility and Peru's dependence on China create supply chain risks for all partners during demand shocks.
Q6. How is Precious metal ores typically used in this trade flow?
The near-identical weight-to-value ratios suggest these ores are primarily used for industrial processing and stockpiling, likely in smelting or refining operations.
Detailed Monthly and Quarterly Report
Peru HS Code 261690 Export Data Snapshot 2025 JAN
Peru HS Code 261690 Export Data Snapshot 2025 FEB
Peru HS Code 261690 Export Data Snapshot 2025 MAR
Peru HS Code 261690 Export Data Snapshot 2025 APR
Peru HS Code 261690 Export Data Snapshot 2025 MAY
Peru HS Code 261690 Export Data Snapshot 2025 JUN
Peru HS Code 261690 Export Data Snapshot 2025 AUG
Peru HS Code 261690 Export Data Snapshot 2025 SEP
Peru HS Code 261690 Export Data Snapshot 2025 OCT
Peru HS Code 261690 Export Data Snapshot 2025 Q1
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