Peru Iron Ore HS2601 Export Data 2025 May Overview

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

Peru's Iron Ore Export under HS Code 2601 in May 2025 reveals a market heavily reliant on China, which absorbed 92.7% of volume and value, signaling extreme buyer concentration and uniform pricing typical for bulk commodities. The export flow shows minimal geographic diversification, with Poland as the only other notable destination at 7.3%, reflecting China's dominance as a raw material hub. This analysis, covering May 2025, is based on cleanly processed Customs data from the yTrade database.

Peru Iron Ore (HS 2601) 2025 May Export Background

Peru’s Iron Ore (HS Code 2601), covering iron ores and concentrates (including roasted iron pyrites), is a critical raw material for steel production, fueling global construction and manufacturing. Despite recent U.S. tariff adjustments under the U.S.-Peru Trade Promotion Agreement [FreightAmigo], Peru remains a key exporter, with stable demand in 2025 driven by infrastructure growth. The country’s mining sector continues to support its trade position, with May 2025 exports reflecting its strategic role in global supply chains.

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

Key Observations

Peru's Iron Ore exports under HS Code 2601 experienced a dramatic collapse in May 2025, with export value plunging to $27.34 million, down 78% month-over-month from April, highlighting severe disruption in trade flows for this period.

Price and Volume Dynamics

The unit price held steady at $0.06 per kg in April and May, but volume and value saw steep declines from March onward, with May volume at 434.03 million kg, a 77% drop from April. This sharp contraction diverges from typical iron ore export patterns, which are usually stable due to steady global steel demand, suggesting external shocks over cyclical factors drove the downturn.

External Context and Outlook

The abrupt export slump aligns with the imposition of US tariffs in April 2025, as reported by [EY Tax News], which likely dampened Peru's trade momentum by increasing costs and uncertainty. Moving forward, Peru Iron Ore HS Code 2601 Export 2025 May performance may hinge on tariff negotiations and global industrial demand shifts, requiring close watch on policy developments (EY Tax News).

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

Product Specialization and Concentration

In May 2025, Peru's export of HS Code 2601 is entirely dominated by a single sub-code, 2601110000, which represents non-agglomerated iron ores and concentrates. This product accounts for 100% of the export value, weight, and volume, with a unit price of 0.06 USD per kilogram, confirming its role as a bulk commodity with no significant price anomalies or diversification within this period.

Value-Chain Structure and Grade Analysis

The export structure for Peru Iron Ore under HS Code 2601 in 2025 May consists solely of raw, non-agglomerated material, indicating a focus on the initial value-add stage. This suggests a trade in fungible bulk commodities, where products are largely undifferentiated and likely priced against global indices, with no higher-grade or processed variants present in the data.

Strategic Implication and Pricing Power

For Peru's Iron Ore exports under HS Code 2601 in May 2025, the lack of product variety implies limited pricing power, as sales are dependent on global market conditions rather than unique qualities. Exporters should focus on cost efficiency and volume to compete, with no immediate policy changes from the news context affecting this sector.

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

Geographic Concentration and Dominant Role

In May 2025, Peru's Iron Ore exports under HS Code 2601 were overwhelmingly dominated by CHINA MAINLAND, which accounted for 92.70% of the weight and 92.54% of the value, indicating a highly concentrated market with minimal disparity between value and weight ratios. This near-identical ratio suggests uniform pricing and standard product grade typical for bulk commodities like iron ore, where China's massive demand for raw materials drives Peru's export focus.

Partner Countries Clusters and Underlying Causes

The export pattern shows two clear clusters: China as the primary destination due to its extensive steel production needs, and Poland as a minor partner with 7.30% weight share, likely serving as a gateway for European distribution or processing. This split reflects China's role as a global manufacturing hub requiring raw inputs, while Poland's involvement may stem from regional logistics or niche market demands within Europe's industrial base.

Forward Strategy and Supply Chain Implications

For Peru's Iron Ore HS Code 2601 Export in 2025 May, the heavy reliance on China underscores supply chain vulnerability to Chinese economic shifts; diversifying into emerging markets like Southeast Asia or Africa could mitigate risks. Exporters should monitor demand cycles and invest in logistics efficiency to capitalize on stable commodity pricing, though no immediate policy changes from the news context directly impact this export flow.

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

Buyer Market Concentration and Dominance

The Peru Iron Ore Export market for HS Code 2601 in May 2025 shows high concentration, with one segment of buyers dominating. Buyers who make large, frequent purchases account for 87.65% of the total export value. This group, including companies like SEVEN SEAS PERU MINERAL S.A.C, represents the core of the market with 12 transactions totaling 23.97 million USD. The overall market is defined by high-value and high-frequency trade, indicating stable, bulk-oriented demand.

Strategic Buyer Clusters and Trade Role

Other buyer segments play smaller roles. Frequent but low-value buyers, such as SESUVECA DEL PERU S.A.C, contribute only 2.63% of value despite making 27.27% of transactions, suggesting they are smaller traders or local operators. Infrequent and low-value buyers, like JUNEFIELD MINING S.A.C, add 9.72% of value with fewer purchases, possibly representing occasional or niche market participants. There are no buyers making high-value but infrequent purchases in this period.

Sales Strategy and Vulnerability

For exporters in Peru, the focus should be on maintaining relationships with dominant bulk buyers to secure steady revenue. The high dependence on a few large buyers poses a risk if demand shifts. Sales efforts can target smaller, frequent buyers for incremental gains. News of active export restrictions for iron ore [Access2Markets] highlights the need to monitor trade policies closely to avoid disruptions. (Access2Markets)

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

Strategic Supply Chain Overview

The Peru Iron Ore Export 2025 May under HS Code 2601 is a bulk commodity trade. Price is driven by global iron ore indices and China's industrial demand. The supply chain relies on high-volume shipping to China. This creates vulnerability to Chinese economic cycles. Exporters must prioritize cost-efficient logistics and secure bulk buyer relationships.

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

• Use export data to identify new buyers in Southeast Asia. This reduces over-reliance on China.
• Analyze buyer transaction frequency to forecast demand cycles. This prevents inventory shortages.
• Monitor global iron ore price indices daily. This ensures competitive pricing.
• Track shipping costs and port efficiency metrics. This cuts logistics expenses.
• Review trade policy updates monthly. This avoids disruption from new regulations.

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 May?

Peru's iron ore exports collapsed by 78% month-over-month in May 2025, likely due to US tariff impositions disrupting trade flows, while unit prices remained stable at $0.06 per kg.

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

China dominated with 92.54% of export value, followed distantly by Poland at 7.30%, reflecting China's role as the primary raw material consumer.

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

No price variation exists—Peru exported only non-agglomerated iron ore (HS 2601110000) at a uniform $0.06/kg, typical for undifferentiated bulk commodities.

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

Exporters must prioritize relationships with dominant bulk buyers (87.65% of value) while diversifying markets to reduce reliance on China and mitigate policy risks.

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

Chinese buyers benefit from stable bulk supply, while smaller partners like Poland may face limited leverage due to Peru's heavy China dependence.

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

The exported non-agglomerated iron ore serves as a raw material for steel production, primarily feeding industrial manufacturing hubs like China.