Peru Iron Ore HS2601 Export Data 2025 February Overview

Peru Iron Ore (HS 2601) 2025 February Export: Key Takeaways

Peru's Iron Ore Export under HS Code 2601 in February 2025 was entirely concentrated in China, reflecting 100% buyer dependency and uniform pricing at $0.07/kg, typical for bulk commodities. The market shows no diversification, creating supply chain vulnerability to demand shifts or trade disruptions. This analysis covers February 2025 and is based on cleanly processed Customs data from the yTrade database.

Peru Iron Ore (HS 2601) 2025 February Export Background

Peru's Iron Ore exports under HS Code 2601—covering iron ores and concentrates (including roasted iron pyrites)—are vital for global steel production, with steady demand from construction and manufacturing. While 2025 HS code updates impact regional trade [FreightAmigo], Peru remains a strategic supplier, leveraging its mineral-rich reserves and key ports like Callao to meet international needs. February 2025 data shows Peru's role in balancing global iron ore supply chains amid shifting trade policies.

Peru Iron Ore (HS 2601) 2025 February Export: Trend Summary

Key Observations

Peru's iron ore exports under HS Code 2601 in February 2025 experienced a notable decline, with export value dropping by approximately 3.2% month-over-month to $252.66 million, while volume fell by 6% to 3.61 billion kilograms, despite a stable unit price of $0.07 per kilogram.

Price and Volume Dynamics

The month-over-month decrease in Peru Iron Ore HS Code 2601 Export 2025 February volumes aligns with typical commodity market fluctuations, where iron ore demand can be influenced by seasonal adjustments in global steel production cycles. The unchanged unit price suggests that underlying market fundamentals, such as steady production costs or balanced supply-demand dynamics, remained intact, preventing price volatility despite the export dip. This pattern indicates a short-term adjustment rather than a structural shift, common in bulk commodity trades where monthly variations occur due to logistical or inventory management factors.

External Context and Outlook

While no specific policy changes targeted iron ore in February, broader trade developments, such as the US-imposed 10% baseline tariffs effective April 2025 [EY Tax News], could indirectly affect Peru's export landscape by altering global trade flows and demand patterns. Additionally, ongoing updates to harmonized system (HS) codes, as highlighted in regional trade guides [FreightAmigo], may require exporters to adapt documentation, potentially influencing future shipment consistency. Looking ahead, Peru's iron ore exports should monitor global industrial demand and currency effects, which could drive volatility or stability in the coming months.

Peru Iron Ore (HS 2601) 2025 February Export: HS Code Breakdown

Product Specialization and Concentration

Peru's Iron Ore exports under HS Code 2601 in February 2025 are overwhelmingly dominated by non-agglomerated iron ores and concentrates (HS Code 2601110000), which represent nearly 100 percent of both export value and weight. With a unit price of $0.07 per kilogram, this product is characterized as a low-value bulk commodity. A separate, minor export of roasted iron pyrites (HS Code 2601200000) is noted for its high unit price of $1.60 per kilogram but is isolated from the main analysis due to its negligible share of less than 0.01 percent in value and weight.

Value-Chain Structure and Grade Analysis

The export structure consists of two distinct categories based on processing stage: raw iron ores and processed iron compounds. Non-agglomerated iron ores fall into the raw material category, typical for fungible bulk commodities that are often traded based on volume and global price indices. Roasted iron pyrites represent a value-added processed form, suggesting potential for product differentiation, though its minimal presence indicates this is not a significant part of Peru's export profile for this period.

Strategic Implication and Pricing Power

For Peru Iron Ore HS Code 2601 Export 2025 February, the heavy reliance on low-unit-price bulk ore implies limited pricing power, necessitating a strategic focus on high-volume, cost-efficient operations to maintain competitiveness. The isolated high-value product offers a niche opportunity but does not currently influence market dynamics, highlighting the need for potential diversification in future trade strategies.

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Peru Iron Ore (HS 2601) 2025 February Export: Market Concentration

Geographic Concentration and Dominant Role

In February 2025, Peru's Iron Ore HS Code 2601 export was entirely concentrated in China, with no other countries appearing in the top 10 destinations. China accounted for 100% of both the value and weight of exports, indicating a uniform unit price of approximately 0.07 USD per kilogram, which is typical for bulk commodities like Iron Ore where pricing is standardized based on weight rather than quality variations.

Partner Countries Clusters and Underlying Causes

The export data shows a single, dominant cluster with China as the sole partner, as no other countries are listed in the top 10 for this period. This pattern is driven by China's high demand for raw materials to support its extensive steel production infrastructure, making it the natural primary market for Peruvian Iron Ore exports without significant diversification.

Forward Strategy and Supply Chain Implications

Peru's complete dependence on China for Iron Ore exports under HS Code 2601 in February 2025 creates supply chain vulnerability to demand shifts or trade disruptions. To mitigate risks, Peruvian exporters should explore diversifying into emerging markets or securing long-term contracts to ensure stability, while monitoring global trade policies for any changes that could affect commodity flows.

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Peru Iron Ore (HS 2601) 2025 February Export: Action Plan for Iron Ore Market Expansion

Strategic Supply Chain Overview

The Peru Iron Ore Export 2025 February under HS Code 2601 operates as a classic bulk commodity market. Price is driven by global iron ore indices and China's steel demand, not product differentiation. Supply chains face high vulnerability due to extreme buyer and geographic concentration. Nearly all volume goes to China via a few bulk buyers. This creates major risk from demand shifts or trade policy changes.

Action Plan: Data-Driven Steps for Iron Ore Market Execution

• Diversify export destinations using trade flow data. Target emerging markets in Southeast Asia or India to reduce dependence on China and mitigate geopolitical risk.
• Analyze buyer transaction frequency to identify secondary partners. Engage high-frequency, lower-volume buyers to build a more stable and diversified client base beyond the dominant bulk buyers.
• Investigate production data for value-added processing. Explore upgrading raw ore (2601110000) to higher-value forms like pellets to increase unit price and reduce bulk shipping dependency.
• Monitor global trade policy alerts for raw materials. Track announcements on tariffs or quotas, especially involving China, to anticipate and react to potential disruptions quickly.

Take Action Now —— Explore Peru Iron Ore Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Peru Iron Ore Export 2025 February?

Peru's iron ore exports declined by 3.2% in value and 6% in volume month-over-month, likely due to seasonal adjustments in global steel demand, while unit prices remained stable at $0.07/kg, indicating short-term market fluctuations rather than structural shifts.

Q2. Who are the main partner countries in this Peru Iron Ore Export 2025 February?

China was the sole destination for Peru's iron ore exports in February 2025, accounting for 100% of both export value and weight.

Q3. Why does the unit price differ across Peru Iron Ore Export 2025 February partner countries?

The unit price variation is minimal, with non-agglomerated iron ores priced at $0.07/kg dominating exports, while a niche high-value product (roasted iron pyrites at $1.60/kg) had negligible trade volume.

Q4. What should exporters in Peru focus on in the current Iron Ore export market?

Exporters must prioritize maintaining relationships with dominant high-volume buyers (98.55% of value) while diversifying to mitigate risks from over-reliance on China and potential trade policy shifts.

Q5. What does this Peru Iron Ore export pattern mean for buyers in partner countries?

Chinese buyers benefit from consistent bulk supply at stable prices but face no competitive pressure due to Peru's lack of market diversification, reinforcing their negotiating leverage.

Q6. How is Iron Ore typically used in this trade flow?

Peru's iron ore exports are primarily raw, non-agglomerated ores used as low-value bulk inputs for steel production, with minimal value-added processing.