2025 Peru Copper Wire (HS 7408) Export: Market Collapse

Key Takeaways

Copper Wire, classified under HS Code 7408 (Copper wire), exhibited strong early performance followed by a severe contraction from January to November 2025.

• Market Pulse: Exports collapsed by 77% in November after U.S. tariffs disrupted shipments, erasing earlier stability driven by Latin American demand.
• Structural Shift: Peru Copper Wire Export reliance on Colombia (33% of value) and the U.S. (14%) created vulnerability to trade policy shocks.
• Product Logic: HS Code 7408 trade data confirms a bulk commodity market, with thick-gauge wire (80% of volume) trading in a tight $9.28–$12.29/kg price band.

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

Peru Copper Wire (HS Code 7408) Key Metrics Trend

Market Trend Summary

The Peru Copper Wire Export trend from January to November 2025 showed resilience through mid-year volatility before collapsing in November. Exports opened strongly at 10.95M kg in January, climbing to a Q1 peak of 12.17M kg in February, then fluctuated within a 9.87M–11.96M kg range through October. November witnessed a severe contraction to 2.35M kg—a 77% month-on-month drop—marking the lowest monthly volume recorded.

Drivers & Industry Context

The November collapse aligns directly with U.S. Section 232 tariffs imposing 50% duties on semi-finished copper products like wire, enacted in August [Thompson Coburn]. These measures disrupted shipments to a traditionally key market, cratering the hs code 7408 value which fell 76% month-on-month to $26.45M. Earlier stability was supported by diversified exports to Latin American partners—notably Colombia, Ecuador, and Venezuela—which absorbed over 50% of Peru’s copper wire volume by May [yTrade]. The U.S. tariff escalation effectively forced a rapid market reallocation, compressing volumes into regional channels ill-equipped to absorb the surplus.

Table: Peru Copper Wire Export Trend (Source: yTrade)

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Peru HS Code 7408 Export Breakdown

Market Composition & Top Categories

Peru's export of copper wire under HS Code 7408 is overwhelmingly dominated by thick-gauge refined copper wire exceeding 6mm in cross-section, which accounted for nearly 80% of the total export weight and value in early 2025. According to yTrade data, this single sub-category was shipped in over 1,700 transactions. The remaining Peru HS Code 7408 export volume is split among various finer gauges and specialized copper alloy wires, including brass and other niche alloys.

Value Chain & Strategic Insights

The unit prices for these copper wire exports cluster tightly between $9.28 and $12.29 per kilogram, indicating a commodity market where price is the primary competitive lever rather than extreme product specialization. The slight premium for certain copper alloys reflects minor value-add from specific material properties, but the overall trade structure for HS Code 7408 breakdown confirms this is a bulk, price-sensitive business. Exporters should focus on cost efficiency and volume to maintain competitiveness in this market.

Table: Peru HS Code 7408) Export Breakdown Details (Source: yTrade)

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Peru Copper Wire Destination Countries

Geographic Concentration & Market Risk

Colombia is Peru's dominant Copper Wire export partner, absorbing 32.94% of the total export value from January to November 2025. This heavy reliance on a single market for over a third of all shipments creates significant concentration risk for Peru Copper Wire export destinations. The top three buyers—Colombia, the United States, and Ecuador—collectively account for over 56% of the total export value, underscoring a regional dependence on Americas-based demand.

Purchasing Behavior & Demand Segmentation

The near parity between value and weight ratios for top partners like Colombia (32.94% vs. 33.46%) indicates a commodity-driven market for standardized, bulk industrial shipments. The United States shows a slight premium signal with its value ratio (14.03%) exceeding its weight ratio (13.14%), pointing to some demand for higher-value specifications. This profile suggests Peru's trade partners for Copper Wire are primarily driven by volume scale for price-sensitive industrial processing, with limited high-margin niche opportunities.

Table: Peru Copper Wire (HS Code 7408) Top Destination Countries (Source: yTrade)

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Peru Copper Wire Buyer Companies Analysis

Buyer Concentration & Market Structure

According to yTrade data from January to November 2025, the Peru Copper Wire export market is overwhelmingly driven by high-volume repeat buyers, who represent over 90% of the total value share. This dominance points to a stable, contract-based supply chain where key accounts, such as large manufacturers or distributors, consistently purchase bulk quantities. The high concentration among these Peru Copper Wire buyers underscores a market structure reliant on sustained relationships rather than sporadic transactions.

Purchasing Behavior & Sales Strategy

The purchasing patterns for HS Code 7408 reveal that these key accounts are frequent, high-value clients, necessitating a focus on relationship management and service reliability to maintain loyalty. However, the extreme concentration poses a significant risk; losing even one major buyer could severely impact revenue, especially with external pressures like the 50% tariffs on U.S. imports noted in [yTrade]. To mitigate this, sales strategies should prioritize deepening engagements with existing high-volume partners while actively diversifying into alternative markets less affected by trade barriers.

Table: Peru Copper Wire (HS Code 7408) Top Buyers List (Source: yTrade)

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Action Plan for Copper Wire Market Operation and Expansion

• Diversify buyer base: Mitigate concentration risk by targeting industrial hubs in Asia or Europe to reduce dependence on Colombia and the U.S.
• Lock in contracts: Secure long-term agreements with Latin American buyers to stabilize volume after the U.S. tariff-driven collapse.
• Optimize logistics: Focus on cost reduction for bulk shipments, given the commodity nature of 80% of exports (thick-gauge wire).
• Monitor tariff policies: Track U.S. and regional trade measures to preemptively adjust export flows and avoid sudden revenue drops.
• Explore premium niches: Test higher-margin copper alloy wires in markets like the U.S., where value ratios slightly exceed weight shares.

Take Action Now —— Explore Peru Copper Wire HS Code 7408 Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Peru Copper Wire Export in 2025?

The November 2025 collapse of Peru's Copper Wire exports—a 77% month-on-month drop—was triggered by U.S. Section 232 tariffs imposing 50% duties on semi-finished copper products. Earlier stability relied on Latin American partners like Colombia absorbing over 50% of volume.

Q2. Who are the main destination countries of Peru Copper Wire (HS Code 7408) in 2025?

Colombia dominates as Peru’s top export partner, accounting for 32.94% of total value, followed by the U.S. (14.03%) and Ecuador. These three markets collectively represent over 56% of Peru’s Copper Wire exports.

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

Prices cluster between $9.28–$12.29/kg, with slight premiums in the U.S. due to demand for higher-value specifications. The bulk of exports are thick-gauge refined copper wire (80% of volume), a commodity-driven segment.

Q4. What should exporters in Peru focus on in the current Copper Wire export market?

Exporters must prioritize cost efficiency and volume for bulk buyers while diversifying away from tariff-affected markets like the U.S. High buyer concentration (90% value share) demands reinforced relationships with key accounts.

Q5. What does this Peru Copper Wire export pattern mean for buyers in partner countries?

Buyers in Colombia and other regional markets benefit from stable, bulk-oriented supply chains, while U.S. buyers face inflated costs due to tariffs. The commodity nature of shipments ensures price-driven negotiations dominate.

Q6. How is Copper Wire typically used in this trade flow?

Peru’s exports under HS Code 7408 are primarily thick-gauge refined copper wire (>6mm), a bulk industrial material used in electrical infrastructure, manufacturing, and standardized processing applications.

Detailed Monthly and Quarterly Report

Peru HS Code 7408 Export Data Snapshot 2025 JAN

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