Peru Iron Ore HS2601 Export Data 2025 Q2 Overview

Peru Iron Ore (HS 2601) 2025 Q2 Export: Key Takeaways

Peru's Iron Ore (HS Code 2601) exports in 2025 Q2 show China Mainland dominating with over 98% share, reflecting extreme buyer concentration and stable bulk pricing. The market remains heavily reliant on China's industrial demand, with Poland as a minor but consistent importer, signaling limited geographic diversification. This analysis is based on cleanly processed Customs data from the yTrade database, covering 2025 Q2.

Peru Iron Ore (HS 2601) 2025 Q2 Export Background

Peru's Iron Ore exports (HS Code 2601: iron ores and concentrates, including roasted iron pyrites) fuel global steel production, with stable demand driven by infrastructure and manufacturing needs. As of 2025 Q2, Peru maintains no new export restrictions on iron ore, though SUNAT enforces strict documentation checks for tariff compliance [Chambers]. Peru's role as a key supplier is bolstered by its mineral-rich reserves and efficient port logistics, making it a strategic player in the 2025 global trade landscape.

Peru Iron Ore (HS 2601) 2025 Q2 Export: Trend Summary

Key Observations

Peru Iron Ore HS Code 2601 Export in 2025 Q2 saw a dramatic decline, with export value dropping by nearly 50% quarter-over-quarter from Q1, driven by a sharp reduction in volume rather than price changes.

Price and Volume Dynamics

In Q2 2025, export volume averaged approximately 1.3 billion kg per month, down significantly from Q1's average of over 3.6 billion kg, while the unit price held steady around 0.06-0.07 USD/kg. This volume-driven slump aligns with typical iron ore industry cycles, where Q2 often experiences reduced demand due to seasonal slowdowns in global construction and steel production, leading to inventory drawdowns rather than active replenishment.

External Context and Outlook

Although no direct policy changes affected iron ore exports in Q2 [Chambers Global Practice Guides], increased trade documentation scrutiny (Chambers) may have exacerbated logistical challenges. Looking forward, Peru's export performance could be influenced by broader macro factors, such as global commodity price shifts and potential ripple effects from US tariff policies (EY Tax News), though iron ore-specific disruptions remain minimal.

Peru Iron Ore (HS 2601) 2025 Q2 Export: HS Code Breakdown

Product Specialization and Concentration

In 2025 Q2, Peru's Iron Ore HS Code 2601 Export is overwhelmingly concentrated in non-agglomerated iron ores (HS 2601110000), which represents over 95% of shipment frequency and the full export value. This product form has a low unit price of 0.07 USD per kilogram, confirming its role as a bulk commodity. An anomalous sub-code for agglomerated iron ores (HS 2601120000) is isolated with a significantly higher unit price of 7.10 USD per kilogram but negligible volume.

Value-Chain Structure and Grade Analysis

The remaining non-anomalous sub-codes fall into a single category of raw, non-agglomerated iron ores, indicating a trade in fungible bulk commodities. This structure is typical for products linked to global price indices, with no significant value-add stages present in Peru's export profile for this period.

Strategic Implication and Pricing Power

For Peru Iron Ore HS Code 2601 Export in 2025 Q2, pricing power is limited due to the commodity nature, but market stability is supported by the absence of new export restrictions [Chambers Global Practice Guides]. Strategic focus should prioritize cost-efficient, high-volume production to maintain competitiveness.

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Peru Iron Ore (HS 2601) 2025 Q2 Export: Market Concentration

Geographic Concentration and Dominant Role

In 2025 Q2, Peru's Iron Ore HS Code 2601 exports are heavily concentrated, with China Mainland dominating as the primary destination, holding over 98% of both value and weight shares. The near-identical value and weight ratios (98.93 vs. 98.90) suggest a stable unit price, typical for bulk commodities like Iron Ore, indicating consistent product grade and pricing in raw material trade.

Partner Countries Clusters and Underlying Causes

The export partners form two clear clusters: China as the massive bulk buyer, driven by its high demand for industrial raw materials; and Poland as a minor but consistent importer, possibly for specialized steel production or regional distribution. Spain's negligible presence hints at limited demand or alternative sourcing in Europe, reflecting typical commodity trade patterns where major economies dominate.

Forward Strategy and Supply Chain Implications

For Peru Iron Ore HS Code 2601 exporters in 2025 Q2, the heavy reliance on China calls for strategies to secure long-term contracts and optimize shipping logistics to maintain competitiveness. Diversifying into emerging markets like Poland could mitigate risks, while monitoring global commodity price trends is essential for pricing decisions in this export-focused trade.

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Peru Iron Ore (HS 2601) 2025 Q2 Export: Buyer Cluster

Buyer Market Concentration and Dominance

The Peru Iron Ore Export market in 2025 Q2, under HS Code 2601, shows extreme concentration in one of the four segments of buyers. Buyers who purchase large quantities frequently dominate, accounting for 97.95% of the total export value. This high-value, high-frequency group also represents 88.64% of shipment frequency and 97.30% of quantity, indicating a market driven by consistent, bulk transactions typical for commodities like iron ore.

Strategic Buyer Clusters and Trade Role

The only other active segment consists of buyers with smaller, regular purchases, making up 2.05% of value and 11.36% of frequency. These likely represent smaller companies or niche operations that buy iron ore in lower volumes but still on a recurring basis. The remaining two segments—infrequent high-value buyers and infrequent low-value buyers—show no activity in this period, meaning they do not currently contribute to the trade flow for Peru's iron ore exports.

Sales Strategy and Vulnerability

For exporters in Peru, the strategy must focus on maintaining strong relationships with the dominant bulk buyers to secure steady revenue. The high dependence on this group poses a risk if any key buyer reduces orders, but the stable policy environment, with no recent changes reported for HS 2601 exports [Chambers Global Practice Guides], offers some security. Sales should prioritize high-volume, frequent shipment models, with potential to explore growth in the smaller buyer segment for diversification.

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Peru Iron Ore (HS 2601) 2025 Q2 Export: Action Plan for Iron Ore Market Expansion

Strategic Supply Chain Overview

Peru Iron Ore Export 2025 Q2 under HS Code 2601 is a bulk commodity trade. Price is driven by global iron ore indices and product grade consistency. China's dominance as a buyer creates supply chain stability but also concentration risk. The supply chain must prioritize high-volume, cost-efficient logistics to serve bulk buyers. Processing or value-add is absent, reinforcing Peru's role as a raw material supplier.

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

• Secure long-term contracts with major Chinese buyers. This ensures stable revenue and reduces exposure to spot price volatility.
• Analyze shipment frequency data to optimize inventory cycles. This prevents overstock and aligns production with buyer demand patterns.
• Diversify export routes to include emerging markets like Poland. This mitigates risk from over-reliance on a single destination.
• Monitor global commodity price trends weekly. This allows timely pricing adjustments to maintain competitiveness.
• Leverage HS Code sub-component data to track premium product opportunities. This identifies potential niches for higher-margin sales like agglomerated ores.

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Frequently Asked Questions

Q1. What is driving the recent changes in Peru Iron Ore Export 2025 Q2?

Peru's iron ore exports dropped nearly 50% in Q2 2025 due to a sharp decline in shipment volumes, not price changes. This aligns with seasonal slowdowns in global steel production and construction demand.

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

China dominates as the primary destination, accounting for over 98% of Peru's iron ore exports by value and weight. Poland is the only other active but minor importer.

Q3. Why does the unit price differ across Peru Iron Ore Export 2025 Q2 partner countries?

The price difference stems from product specialization: non-agglomerated iron ores (bulk commodity) trade at $0.07/kg, while rare agglomerated ores (higher grade) command $7.10/kg but are negligible in volume.

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

Exporters must prioritize high-volume contracts with dominant bulk buyers (98% of value) to ensure stability, while exploring niche opportunities in smaller markets like Poland for diversification.

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

China’s buyers benefit from consistent bulk supply at stable prices, while smaller importers (e.g., Poland) face limited options but predictable trade terms.

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

Peru’s exports are primarily raw, non-agglomerated iron ores, used as bulk feedstock for global steel production, reflecting their commodity-grade role in industrial supply chains.

Detailed Monthly Report

Peru HS2601 Export Snapshot 2025 APR

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