Peru Iron Ore HS2601 Export Data 2025 June Overview

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

Peru's Iron Ore exports under HS Code 2601 in June 2025 were entirely concentrated in China, reflecting a single dominant market with uniform product grade and pricing. The lack of buyer diversification underscores high market risk, while stable demand suggests no immediate volatility. This analysis, covering June 2025, is based on cleanly processed Customs data from the yTrade database.

Peru Iron Ore (HS 2601) 2025 June Export Background

Iron Ore (HS Code 2601) covers iron ores and concentrates, including roasted iron pyrites, a critical raw material for steel production, ensuring stable global demand. While Peru’s Iron Ore exports under HS Code 2601 remain limited—just 2 shipments worth $1,319.94 from June 2024 to May 2025 [ExportGenius]—the country’s mining sector positions it as a potential player in global iron ore trade, especially with 2025 HS Code updates affecting regional logistics [FreightAmigo]. Peru’s strategic ports and trade agreements could boost Iron Ore HS Code 2601 Export opportunities by June 2025.

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

Key Observations

Peru's Iron Ore exports under HS Code 2601 rebounded sharply in June 2025, with export value surging 52.4% month-over-month to $41.69 million, reversing a two-month decline and signaling a potential recovery in trade momentum.

Price and Volume Dynamics

The sequential improvement from May's low of $27.34 million reflects typical inventory cycle adjustments in the iron ore sector, where end-of-quarter destocking often precedes mid-year replenishment driven by global steel production demand. Volume increased 28.3% to 556.81 million kg, while unit price held steady at $0.07/kg, indicating stable pricing amid volatile shipment flows. This pattern aligns with seasonal industrial procurement cycles rather than fundamental shifts.

External Context and Outlook

Broader trade uncertainties, including US tariff impositions in April 2025 [EY Tax News], may have contributed to earlier volatility, but Peru's niche role in iron ore exports limits direct impact. With no new policy changes affecting HS Code 2601, the outlook remains tied to global commodity demand and logistical efficiencies at key ports like Callao.

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

Product Specialization and Concentration

In June 2025, Peru's export of Iron Ore under HS Code 2601 is highly concentrated in non-agglomerated iron ores and concentrates, specifically sub-code 2601110000, which represents 90% of shipments and all export value and weight. With a unit price of 0.07 USD per kilogram, this product is a low-value bulk commodity. An extreme price anomaly exists for agglomerated iron ore (sub-code 2601120000) at 5.00 USD per kilogram, but its minimal volume isolates it from the primary market analysis.

Value-Chain Structure and Grade Analysis

The export structure for Peru Iron Ore HS Code 2601 divides into two categories based on processing stage: raw non-agglomerated ores and processed agglomerated ores. The overwhelming dominance of non-agglomerated forms indicates that Peru's trade operates as a fungible bulk commodity market, closely linked to global raw material indices, with exports focused on minimally processed goods rather than differentiated, high-value products.

Strategic Implication and Pricing Power

Pricing power for Peru Iron Ore HS Code 2601 Export in 2025 June is limited due to the reliance on low-value, bulk non-agglomerated ores, making it susceptible to international price fluctuations. Strategically, iron ore is not a core export for Peru, as the country's focus remains on commodities like copper and zinc, not iron ore, which aligns with reports highlighting Peru's export priorities [FreightAmigo].

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

Geographic Concentration and Dominant Role

In June 2025, Peru's Iron Ore exports under HS Code 2601 were overwhelmingly dominated by CHINA MAINLAND, which accounted for 100% of both value and weight shares. The identical value and weight ratios indicate a consistent unit price, typical for bulk commodities like iron ore, suggesting uniform product grade without significant quality variations. This concentration highlights China's role as the primary market for Peru's iron ore during this period.

Partner Countries Clusters and Underlying Causes

The export partners form two clear clusters: a major cluster with CHINA MAINLAND, driven by its high demand for raw materials to support steel production and infrastructure projects, and a minor cluster with SPAIN, showing negligible activity, possibly due to smaller market size or niche sourcing needs. The lack of other significant partners points to limited diversification, common in commodity trades where bulk buyers like China centralize sourcing.

Forward Strategy and Supply Chain Implications

For market players, the heavy reliance on China means prioritizing stable logistics and relationships with Chinese buyers, using Peru's ports like Callao for efficient bulk shipping [FreightAmigo]. Given that news sources report no new policy changes for Peru Iron Ore HS Code 2601 Export in 2025 June and Peru's focus on other commodities, opportunities remain limited but stable, requiring attention to global demand shifts rather than local regulatory risks (FreightAmigo).

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Peru Iron Ore (HS 2601) 2025 June Export: Buyer Cluster

Buyer Market Concentration and Dominance

The buyer market for Peru Iron Ore Export under HS Code 2601 in 2025 June shows high concentration, with one segment of buyers dominating 79% of the export value. This dominant group consists of large, frequent buyers who account for 70% of shipment frequency and 76% of quantity. The median market behavior is defined by high-value, high-volume transactions, indicating that a few key players drive most of the trade activity for this commodity.

Strategic Buyer Clusters and Trade Role

The only other active segment is smaller, infrequent buyers, representing 21% of the value and 24% of the quantity. These buyers handle lower volumes with less regularity, likely serving niche or secondary markets. The absence of high-value low-frequency and low-value high-frequency segments suggests no sporadic large orders or small but frequent deals, common in commodity trades where bulk shipments to steady clients prevail.

Sales Strategy and Vulnerability

For exporters in Peru, the strategy must prioritize nurturing relationships with the dominant large buyers to secure steady revenue, but this creates vulnerability to demand shifts from these few clients. Diversifying into smaller buyer segments could mitigate risk, though the news context confirms no recent policy changes for iron ore exports [FreightAmigo], emphasizing stability but also Peru's focus on other commodities like copper. Sales should focus on bulk contracts with reliable partners, avoiding over-reliance on infrequent deals.

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

Strategic Supply Chain Overview

Peru Iron Ore Export 2025 June under HS Code 2601 operates as a low-value bulk commodity trade. Price is driven by global iron ore indices and uniform product grade, not value-added processing. Supply chain implications center on efficient bulk logistics through ports like Callao to serve concentrated demand. The market relies heavily on China and a few large buyers, creating exposure to global demand shifts.

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

• Monitor global iron ore price indices weekly to align contract pricing with market trends, protecting margin from commodity volatility.
• Use shipment frequency data to forecast demand cycles from dominant buyers, optimizing inventory and preventing overstock or shortfalls.
• Track buyer concentration ratios quarterly to identify diversification opportunities, reducing reliance on a single client segment.
• Analyze port efficiency metrics for bulk cargo at key hubs like Callao, ensuring timely deliveries and minimizing demurrage costs.
• Review HS Code sub-component trade flows annually to spot niche opportunities like agglomerated ores, exploring potential value-added exports.

Forward Risk Outlook and Mitigation

Market risks for Peru Iron Ore Export 2025 June include high dependency on Chinese demand and buyer concentration. Mitigate this by building relationships with smaller, secondary buyers to cushion against demand drops. Stay updated on global steel production trends and trade policies affecting HS Code 2601. Diversify logistics partners to avoid port congestion, leveraging data for resilient supply chain planning.

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Frequently Asked Questions

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

Peru's iron ore exports surged 52.4% in June 2025, rebounding from a two-month decline, driven by seasonal demand for global steel production and inventory replenishment cycles. Stable pricing at $0.07/kg confirms this reflects industrial procurement patterns rather than structural shifts.

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

China accounted for 100% of Peru's iron ore exports by value and weight in June 2025, with negligible activity from Spain, highlighting extreme geographic concentration.

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

Price differences stem from product specialization: non-agglomerated ores (sub-code 2601110000) dominate at $0.07/kg, while rare agglomerated ores (sub-code 2601120000) command $5.00/kg but lack market relevance due to minimal volume.

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

Exporters must prioritize relationships with dominant large buyers (79% of value) while cautiously exploring niche buyers to mitigate reliance on China. Bulk contracts with steady clients align with Peru’s role as a bulk commodity supplier.

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

Chinese buyers benefit from stable, low-cost supply but face risks from Peru’s lack of diversification. Smaller buyers must compete for limited non-core volumes, as Peru’s focus remains on other commodities like copper.

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

Peru’s iron ore exports are primarily raw, non-agglomerated ores used as feedstock for steel production, reflecting China’s demand for industrial raw materials rather than finished products.