2025 Peru Petroleum oils (HS 2710) Export: Market Volatility

Key Takeaways

Petroleum oils, classified under HS Code 2710 (Petroleum oils and oils obtained from bituminous minerals (other than crude)), exhibited high volatility from January to November 2025.

• Market Pulse: Volumes surged from 380M kg in January to 702M kg in October before collapsing to 88M kg in November, driven by regulatory shifts ahead of the EU’s 2026 ban on non-compliant cargo.
• Structural Shift: Peru Petroleum oils Export flows are dangerously concentrated, with Japan (27.2% of value) and the US (22.6%) dominating, leaving minimal diversification buffers.
• Product Logic: HS Code 2710 trade data confirms a bulk-commodity structure, with non-light petroleum oils (41% of value) and light oils (28%) dictating volume-driven, price-sensitive trade flows.

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

Peru Petroleum Oils (HS Code 2710) Key Metrics Trend

Market Trend Summary

Analyzing the trends in Peru's Petroleum oils exports under HS Code 2710 from January to November 2025 reveals a volatile but generally upward trajectory in volume, punctuated by a severe contraction in November. Exports started the year at 380M kg in January, surged to a peak of 702M kg in October, then collapsed to just 88M kg in November. Total export value followed a similar pattern, rising from $261M to $474M before crashing to $55M. The unit price fluctuated between $0.59/kg and $0.73/kg, with no clear directional trend.

Drivers & Industry Context

The October volume peak likely reflects accelerated shipments ahead of the EU’s January 2026 ban on CN code 2710 products derived from Russian crude [Trade Compliance Resource Hub], as global traders adjusted supply chains to avoid non-compliant cargo. The November collapse may indicate inventory drawdowns or redirected flows due to this regulatory pressure. Additionally, the overall volatility in hs code 2710 value aligns with broader market uncertainty, including potential impacts from US tariff policies on Peruvian trade flows (EY Tax News). The data suggests exporters are prioritizing compliance with evolving sanctions, even at the cost of short-term volume disruptions.

Table: Peru Petroleum Oils Export Trend (Source: yTrade)

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Peru HS Code 2710 Export Breakdown

Market Composition & Top Categories

According to yTrade data, Peru's HS Code 2710 export market throughout most of 2025 is dominated by non-light petroleum oils, which account for 41% of the total export value. The leading sub-category represents nearly 30% of the total weight shipped. Light petroleum oils form a secondary cluster, contributing 28% to the export value. The remaining trade consists of various specialized petroleum preparations with minimal individual shares.

Value Chain & Strategic Insights

Unit prices for Peru HS Code 2710 exports range from $0.41 to $2.13 per kilogram, indicating a commodity-driven market where volume, not product specialization, dictates trade flows. The highest-priced category commands more than double the rate of the lowest, yet still represents a bulk chemical rather than a premium good. This trade structure confirms that Peru’s export profile for petroleum oils is price-sensitive and volume-oriented, typical of a competitive global commodity market.

Table: Peru HS Code 2710) Export Breakdown Details (Source: yTrade)

Check Detailed HS Code 2710 Breakdown

Peru Petroleum Oils Destination Countries

Geographic Concentration & Market Risk

Peru's Petroleum oils export destinations show extreme reliance on Japan, which captured 27.2% of total export value throughout most of 2025. This single-market dependence creates significant vulnerability to demand shifts in Japan. The United States follows as a secondary market at 22.6%, while Panama ranks third at 9.9%, indicating a top-heavy export structure that lacks diversification.

Purchasing Behavior & Demand Segmentation

Japan demonstrates quality-conscious demand with a 27.2% value share against a 31.8% weight share, indicating buyers pay premium prices for specific Petroleum oils specifications. The United States shows opposite characteristics with 22.6% value against only 10.3% weight, suggesting price-sensitive bulk processing. These trade partners for Petroleum oils present both margin potential in Japan and volume scale in the US, requiring differentiated market strategies.

Table: Peru Petroleum Oils (HS Code 2710) Top Destination Countries (Source: yTrade)

Get Peru Petroleum Oils (HS Code 2710) Complete Destination Countries Profile

Peru Petroleum Oils Buyer Companies Analysis

Buyer Concentration & Market Structure

According to yTrade data, the Peru Petroleum oils buyers market is overwhelmingly dominated by a core group of loyal, high-volume partners. This segment accounts for 83.34% of total export value, indicating a stable, contract-based supply chain rather than a spot market. These key accounts, including firms like MARICS Y CO LTD, drive consistent, large-scale procurement, making them the anchor of this trade flow.

Purchasing Behavior & Sales Strategy

The dominance of these repeat buyers suggests a sales strategy focused on relationship management and contract retention, as losing even one major account would create significant concentration risk. Given that these are likely domestic logistics intermediaries or bonded zone operators handling exports, understanding their distribution channels is critical. Future EU regulatory changes for HS Code 2710 buyer trends, effective January 2026 [Trade Compliance Resource Hub], mean sellers should prepare clients for compliance shifts to protect long-term contracts.

Table: Peru Petroleum Oils (HS Code 2710) Top Buyers List (Source: yTrade)

Check Full Peru Petroleum Oils Buyers list

Action Plan for Petroleum Oils Market Operation and Expansion

• Diversify Buyer Base: Reduce reliance on Japan and the US by targeting secondary markets like Panama (9.9% share) to mitigate single-market demand shocks.
• Lock in Contracts: Secure long-term agreements with core buyers (83.34% of value) before EU regulatory changes take effect in January 2026.
• Optimize Logistics: Focus on cost reduction for bulk shipments (unit prices: $0.41–$2.13/kg) to protect margins in a volume-driven market.
• Monitor Compliance: Audit supply chains for alignment with upcoming EU sanctions on Russian-derived products to avoid contract disruptions.
• Leverage Premium Segments: Capitalize on Japan’s quality-driven demand (27.2% value share) by branding high-specification grades separately from bulk US shipments.

Take Action Now —— Explore Peru Petroleum oils HS Code 2710 Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Peru Petroleum oils Export in 2025?

Peru's Petroleum oils exports surged to a peak in October 2025 (702M kg) before collapsing in November (88M kg), likely due to accelerated shipments ahead of the EU’s January 2026 ban on non-compliant cargo. Volatility reflects regulatory adjustments and broader market uncertainty.

Q2. Who are the main destination countries of Peru Petroleum oils (HS Code 2710) in 2025?

Japan dominates with 27.2% of export value, followed by the US (22.6%) and Panama (9.9%). This top-heavy structure highlights significant reliance on a few key markets.

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

Japan pays premium prices (27.2% value share vs. 31.8% weight share), while the US focuses on bulk purchases (22.6% value vs. 10.3% weight). Product specifications and demand priorities drive price gaps.

Q4. What should exporters in Peru focus on in the current Petroleum oils export market?

Exporters must prioritize retaining high-volume buyers (83.34% of trade value) and prepare for EU regulatory changes effective January 2026 to safeguard long-term contracts.

Q5. What does this Peru Petroleum oils export pattern mean for buyers in partner countries?

Buyers in Japan benefit from quality-focused trade, while US buyers leverage bulk pricing. Both face supply chain risks due to Peru’s concentrated export structure.

Q6. How is Petroleum oils typically used in this trade flow?

Peru’s exports are primarily non-light petroleum oils (41% of value), used as bulk commodities in global energy and industrial supply chains, with price-sensitive demand.

Detailed Monthly and Quarterly Report

Peru HS Code 2710 Export Data Snapshot 2025 JAN

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