Peru Iron Ore HS2601 Export Data 2025 Q1 Overview

Peru Iron Ore (HS 2601) 2025 Q1 Export: Key Takeaways

Peru's Iron Ore (HS Code 2601) exports in 2025 Q1 reveal a high-risk trade dynamic, with China Mainland accounting for 100% of both volume and value, confirming uniform product grade and extreme buyer concentration. This single-market dependence exposes Peruvian exporters to supply chain vulnerabilities, especially amid potential US tariff shifts. The analysis, based on cleanly processed Customs data from the yTrade database, highlights the urgent need for market diversification to mitigate reliance on China.

Peru Iron Ore (HS 2601) 2025 Q1 Export Background

Peru’s Iron Ore (HS Code 2601: iron ores and concentrates, including roasted iron pyrites) fuels steel production globally, with steady demand from construction and manufacturing. While no new export policies for HS 2601 emerged in 2025 Q1, Peru’s mining sector remains vital, supported by the US-Peru Trade Promotion Agreement and SUNAT’s customs oversight [Chambers]. As a top mining exporter, Peru’s Iron Ore shipments under HS Code 2601 are key to its trade growth, even amid global tariff shifts [EY].

Peru Iron Ore (HS 2601) 2025 Q1 Export: Trend Summary

Key Observations

Peru's Iron Ore exports under HS Code 2601 experienced a clear sequential decline through Q1 2025, with both value and volume dropping month-over-month while unit prices held flat at $0.07/kg.

Price and Volume Dynamics

Export value fell from $260.87 million in January to $238.25 million by March, a 9% quarterly decrease, while volume dropped from 3.84 billion kg to 3.38 billion kg. The stable pricing amid declining volumes suggests softening demand rather than price competition, typical for iron ore markets when global industrial activity slows. This pattern aligns with seasonal demand cycles where first-quarter shipments often cool after year-end inventory rebuilding.

External Context and Outlook

The decline coincides with new US tariff policies that took effect in April 2025 [Global Tax News], creating anticipatory pressure on Peruvian exporters facing potential cost increases. While no direct export restrictions target HS Code 2601 currently, Peru’s upcoming mid-year reduction in customs duty restitution rates could further squeeze margins [Chambers]. Traders should monitor demand from key partners like China and US trade policy developments for Q2 direction.

Peru Iron Ore (HS 2601) 2025 Q1 Export: HS Code Breakdown

Product Specialization and Concentration

Peru's Iron Ore HS Code 2601 export in 2025 Q1 is almost entirely concentrated on non-agglomerated iron ores and concentrates. This single product accounts for the full export value and weight. Its extremely low unit price of seven cents per kilogram confirms it is a bulk commodity with minimal processing.

Value-Chain Structure and Grade Analysis

The export structure contains only one other product: roasted iron pyrites. This item has a much higher unit price of one dollar and sixty cents per kilogram but represents a negligible share of total trade. The overwhelming dominance of raw, unprocessed iron ore indicates this is a classic bulk commodity trade. Prices are likely tied to global indices and quality grades rather than brand or manufacturing differentiation.

Strategic Implication and Pricing Power

For Peru's 2025 Q1 Iron Ore exports under HS Code 2601, market players are fundamentally commodity price takers. The strategic focus must be on volume, operational efficiency, and cost control in mining and logistics. There is no evidence of value-added processing or product differentiation that would grant pricing power in this market.

Check Detailed HS 2601 Breakdown

Peru Iron Ore (HS 2601) 2025 Q1 Export: Market Concentration

Geographic Concentration and Dominant Role

Peru's Iron Ore HS Code 2601 Export in 2025 Q1 shows extreme concentration, with China Mainland accounting for 100% of both weight and value. The identical value and weight ratios confirm this is a bulk commodity trade, with no unit price disparity suggesting uniform product grade.

Partner Countries Clusters and Underlying Causes

Only one partner appears, forming a single cluster of total dependency on China. This pattern aligns with China's massive steel production needs and Peru's role as a raw material supplier. The absence of other buyers points to China's dominant position in global iron ore markets and Peru's focused export strategy.

Forward Strategy and Supply Chain Implications

Peru faces high supply chain risk from single-market dependence. Diversifying buyers could mitigate potential disruptions from new US tariffs [EY Global Tax News] or policy changes. Exporters should monitor Peru's scheduled July 2025 customs duty reduction Chambers Global Practice Guides and maintain compliance with SUNAT documentation requirements while exploring other Asian markets to reduce China exposure.

Get Complete Partner Countries Profile

Peru Iron Ore (HS 2601) 2025 Q1 Export: Buyer Cluster

Buyer Market Concentration and Dominance

In the 2025 Q1 Peru Iron Ore Export under HS Code 2601, the buyer market is extremely concentrated, with one segment of high-value, high-frequency buyers dominating nearly all trade activity. This group accounts for 99.17% of the export value and 95.58% of the transaction frequency, showing that the market is driven by large, regular purchases typical for commodity products like iron ore. The overall market characteristics point to a high-volume, high-frequency environment with minimal variation.

Strategic Buyer Clusters and Trade Role

The other three segments of buyers show limited presence. There are no buyers who make high-value but infrequent purchases or low-value but frequent purchases. The only other active segment consists of low-value, low-frequency buyers, representing just 0.83% of the value share. These buyers likely engage in occasional, small-scale transactions, such as spot market deals or trial shipments, but their role is minor and does not significantly impact the export flow for this commodity.

Sales Strategy and Vulnerability

For exporters in Peru, the strategy should focus on maintaining strong ties with the dominant high-value, high-frequency buyers to secure steady demand. The heavy reliance on this segment creates a vulnerability to market shifts or buyer changes, so exploring ways to attract more diverse buyers could reduce risk. The sales model is probably based on long-term contracts for bulk shipments. As noted in news sources, Peru's export controls by SUNAT remain in effect with no new policies for iron ore in Q1 2025 [Chambers Global Practice Guides], underscoring the importance of adhering to existing regulations for smooth operations.

Check Full Iron Ore Buyer lists

Peru Iron Ore (HS 2601) 2025 Q1 Export: Action Plan for Iron Ore Market Expansion

Strategic Supply Chain Overview

Peru Iron Ore Export 2025 Q1 under HS Code 2601 is a pure bulk commodity trade. Price is driven by global iron ore indices and China's steel demand. There is no value-added processing or product differentiation. Supply chain implications are severe. Total reliance on China creates high geopolitical and policy risk. Operational efficiency and cost control in mining and logistics are critical for margin protection.

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

• Use HS Code 2601 shipment data to track global index price correlations. This ensures contract terms reflect real-time market movements and protect revenue.
• Analyze buyer frequency patterns to secure long-term contracts with top clients. This stabilizes demand and reduces vulnerability to spot market fluctuations.
• Monitor trade data for emerging Asian markets outside China. This diversifies buyer base and mitigates risk from single-country dependency.
• Review logistics cost data per ton and optimize transport routes. This directly lowers operational expenses and improves margin on low-unit-price bulk shipments.
• Track regulatory updates from SUNAT and global tariff changes. This ensures compliance and avoids disruptions from new policies like US tariffs.

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 Q1?

Peru's iron ore exports declined sequentially in Q1 2025, with value and volume dropping 9% by March amid flat unit prices ($0.07/kg). This reflects softening demand, likely tied to global industrial slowdowns and seasonal cycles rather than price competition.

Q2. Who are the main partner countries in this Peru Iron Ore Export 2025 Q1?

China Mainland dominates Peru’s iron ore exports, accounting for 100% of both value and weight in Q1 2025. No other partner countries registered measurable trade activity.

Q3. Why does the unit price differ across Peru Iron Ore Export 2025 Q1 partner countries?

Price differences stem from product type: unprocessed iron ore (99% of exports) trades at $0.07/kg, while roasted iron pyrites (a negligible share) command $1.60/kg due to higher processing.

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

Exporters must prioritize maintaining relationships with high-value, high-frequency buyers (99% of trade) while diversifying markets to reduce reliance on China. Cost efficiency in mining/logistics is critical given commodity pricing.

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

Chinese buyers benefit from stable bulk supply but face no competitive pressure, as Peru’s exports lack diversification. Buyers can expect predictable pricing tied to global indices and uniform product grades.

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

Peru’s exports consist almost entirely of raw, unprocessed iron ore for steel production, reflecting its role as a bulk commodity supplier to industrial manufacturers.

Detailed Monthly Report

Peru HS2601 Export Snapshot 2025 JAN

Peru HS2601 Export Snapshot 2025 FEB

Peru HS2601 Export Snapshot 2025 MAR