2025 Peru Gold Bullion (HS 710812) Export: Market Collapse

Key Takeaways

Gold Bullion, classified under HS Code 710812 (Metals; gold, non-monetary, unwrought (but not powder)), exhibited high volatility from January to November 2025.

• Market Pulse: Exports peaked at $3.31B in October before collapsing 58.5% in November, driven by regulatory crackdowns on illicit gold flows.
• Structural Shift: Peru Gold Bullion Export relies heavily on India (31.37% of value), with fragmented shipments suggesting refiners and banks dominate demand.
• Product Logic: HS Code 710812 trade data confirms a monolithic market—100% unwrought gold—with pricing tied to global commodity fluctuations, not product differentiation.

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

Peru Gold Bullion (HS Code 710812) Key Metrics Trend

Market Trend Summary

The Peru Gold Bullion Export trend from January to November 2025 shows strong initial performance with notable volatility in the final quarter. Exports began steadily, with value rising from $1.65B in January to a peak of $3.31B in October, supported by fluctuating but generally high unit prices between $34,785 and $60,223 per kg. However, November saw a sharp contraction, with value plunging 58.5% to $1.37B and volume dropping 69.6%, indicating a sudden disruption.

Drivers & Industry Context

The November collapse likely stems from tightened enforcement against illicit gold flows, as highlighted in a recent OECD report on maritime discrepancies [OECD]. This aligns with earlier reports of supply chain opacity and classification issues under HS 710812, where doré and refined gold are grouped, complicating compliance [Resource Governance]. The volatility in hs code 710812 value throughout 2025 reflects these pressures, with no direct export bans but increased scrutiny impacting volume and pricing stability.

Table: Peru Gold Bullion Export Trend (Source: yTrade)

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Peru HS Code 710812 Export Breakdown

Market Composition & Top Categories

According to yTrade data, Peru's HS Code 710812 Export is entirely dominated by a single sub-category: unwrought, non-monetary gold, which accounts for 100% of both export value and weight from January to November 2025. This sub-code, representing raw gold bullion, shows no fragmentation, with all trade activity concentrated in this high-volume, high-value segment. The market structure for Peru HS Code 710812 Export is monolithic, with no minor sub-codes to note.

Value Chain & Strategic Insights

The unit price of approximately 40,418 USD per kilogram confirms this as a high-value commodity, typical for raw gold, where pricing is heavily influenced by global market fluctuations rather than product differentiation. This HS Code 710812 breakdown reveals a price-sensitive market, driven by commodity exchange rates and investor demand, not specialized quality grades. For traders, this trade structure implies a focus on macroeconomic factors and hedging strategies, rather than value-added processing.

Check Detailed HS Code 710812 Breakdown

Peru Gold Bullion Destination Countries

Geographic Concentration & Market Risk

India dominates Peru's Gold Bullion export destinations, accounting for 31.37% of the total value from January to November 2025. This heavy reliance on a single market creates significant exposure to any demand shifts or policy changes from New Delhi. The United Arab Emirates and Canada follow as secondary partners, but their combined share still falls short of India's commanding position.

Purchasing Behavior & Demand Segmentation

India's value ratio is more than double its weight ratio, indicating a quality-conscious market paying premium prices for high-value specifications. The extremely high frequency ratio, however, reveals this demand is highly fragmented across many smaller shipments rather than bulk consignments. This pattern suggests Peru's trade partners for Gold Bullion are primarily margin-focused refiners and banks, not volume-driven industrial processors.

Table: Peru Gold Bullion (HS Code 710812) Top Destination Countries (Source: yTrade)

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Peru Gold Bullion Buyer Companies Analysis

Buyer Concentration & Market Structure

According to yTrade data, Peru Gold Bullion buyers are overwhelmingly dominated by a core group of loyal partners. These key accounts drive 87.62% of total export value through high-volume, repeat transactions, indicating stable, contract-based supply chains. This segment’s 92.23% share of total quantity confirms their role as the market’s anchor, relying on consistent and large-volume shipments.

Purchasing Behavior & Sales Strategy

The heavy reliance on a small group of high-volume repeaters signals significant concentration risk; losing even one major account could impact revenue sharply. Sellers should prioritize relationship management and supply chain reliability to retain these cornerstone clients. Monitoring HS Code 710812 buyer trends for any shift toward more fragmented, transactional buying could reveal opportunities to diversify the client base.

Table: Peru Gold Bullion (HS Code 710812) Top Buyers List (Source: yTrade)

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Action Plan for Gold Bullion Market Operation and Expansion

• Diversify buyer base: Reduce reliance on India by targeting secondary markets like the UAE and Canada, where demand is less fragmented.
• Hedge price volatility: Lock in contracts during stable periods (e.g., Q3 2025) to mitigate sudden drops like November’s 58.5% crash.
• Audit supply chains: Proactively address compliance risks flagged by OECD reports to avoid shipment disruptions.
• Monitor India’s policies: Track regulatory changes in New Delhi, as a single demand shift could destabilize 31.37% of export revenue.
• Optimize logistics costs: High-value, low-weight shipments (40,418 USD/kg) prioritize secure transport over bulk discounts.

Take Action Now —— Explore Peru Gold Bullion HS Code 710812 Export Data

Frequently Asked Questions

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

The November 2025 collapse (-58.5% value, -69.6% volume) stems from tightened enforcement against illicit gold flows, disrupting previously stable high-volume shipments under HS Code 710812. Earlier volatility reflected global price swings and compliance pressures around raw gold classification.

Q2. Who are the main destination countries of Peru Gold Bullion (HS Code 710812) in 2025?

India dominates with 31.37% of export value, followed by the UAE and Canada as secondary markets. India’s demand is fragmented across many small shipments, indicating refiners/banks rather than bulk buyers.

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

All exports are unwrought, non-monetary gold (100% of HS 710812), so price differences reflect global commodity markets and destination-specific premiums—India pays higher prices per kg despite fragmented demand.

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

Prioritize retaining core buyers (87.62% of value) through reliable supply chains, while diversifying beyond India to mitigate concentration risk. Monitor compliance shifts affecting raw gold classifications.

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

Buyers face stable supply from Peru’s loyal high-volume partners but must adapt to sudden regulatory shocks. India’s premium prices signal opportunities for quality-focused refiners.

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

Peru’s exports are exclusively raw gold bullion (unwrought, non-monetary), primarily for refining, financial reserves, or jewelry production in destination markets like India.

Detailed Monthly and Quarterly Report

Peru HS Code 710812 Export Data Snapshot 2025 JAN

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