Peru Iron Ores HS260111 Export Data 2025 September Overview

Peru Iron Ores (HS 260111) 2025 September Export: Key Takeaways

Peru's iron ores (HS Code 260111) export in September 2025 reveals extreme buyer concentration, with China Mainland absorbing nearly all shipments by value (99.99%) and weight (100%), highlighting critical supply chain risk. The low unit price (~$0.07/kg) confirms this as a bulk commodity, while minimal secondary flows to Chile suggest sporadic demand. This analysis, covering September 2025, is based on cleanly processed Customs data from the yTrade database.

Peru Iron Ores (HS 260111) 2025 September Export Background

What is HS Code 260111?

HS Code 260111 covers iron ores and concentrates; unroasted, a critical raw material primarily used in steel production. Global demand remains stable due to its essential role in construction, manufacturing, and infrastructure development. Peru is a key exporter of this commodity, with significant shipments under this HS code [WITS World Bank].

Current Context and Strategic Position

In 2025, Peru's iron ore exports face indirect pressure from broader trade policies, such as the U.S. 10% baseline tariff on all trading partners [EY Tax News]. Despite this, Peru maintains a competitive edge with a 2.3% MFN tariff rate on HS Code 260111 [WTO Tariff & Trade Data]. The country's strategic significance lies in its $1.68 billion export volume and 19.1 billion kg quantity, underscoring the need for vigilance in monitoring Peru's iron ores HS Code 260111 export trends for September 2025.

Peru Iron Ores (HS 260111) 2025 September Export: Trend Summary

Key Observations

In September 2025, Peru's exports of Iron ores under HS Code 260111 reached 272.70 million USD in value and 3.88 billion kg in volume, marking the highest monthly performance of the year and signaling a strong recovery from mid-year lows.

Price and Volume Dynamics

The trend for Peru Iron ores HS Code 260111 Export in 2025 shows pronounced volatility, with a sharp decline in April and May to 27.34 million USD and 434.03 million kg, followed by a steady rebound through September. This pattern diverges from typical iron ore export cycles, which are usually stable due to consistent global steel demand, suggesting external disruptions rather than seasonal or inventory factors drove the swings. The recovery to peak levels by September indicates resilience in export flows.

External Context and Outlook

The April 2025 drop aligns with the imposition of a 10% baseline U.S. tariff on all trading partners, as reported by [EY Tax News], which initially disrupted Peru's trade. With no new export policies noted for September and existing tariffs absorbed, the outlook for Peru Iron ores HS Code 260111 Export remains stable, supported by steady demand and adjusted trade strategies.

Peru Iron Ores (HS 260111) 2025 September Export: HS Code Breakdown

Product Specialization and Concentration

In September 2025, Peru's export of HS Code 260111 is entirely dominated by non-agglomerated iron ores and concentrates, with a unit price of $0.07 per kilogram, based on yTrade data. This single product type accounts for all export value and weight, showing a highly specialized market focused on raw material extraction without any price anomalies or diversification.

Value-Chain Structure and Grade Analysis

The export structure for Peru Iron ores under HS Code 260111 consists solely of non-agglomerated forms, indicating a trade in fungible bulk commodities. These are typically low-value, raw materials that are traded based on global indices and quality grades, with no evidence of higher-value processed or agglomerated variants in this period.

Strategic Implication and Pricing Power

As a bulk commodity exporter, Peru has limited pricing power for Iron ores, relying on global demand and price fluctuations. External factors, such as potential tariff changes highlighted in general trade reports [WTO], could influence export strategies, emphasizing the need for cost efficiency and market diversification to mitigate risks.

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Peru Iron Ores (HS 260111) 2025 September Export: Market Concentration

Geographic Concentration and Dominant Role

Peru's iron ores (HS Code 260111) export in September 2025 shows extreme geographic concentration, with China Mainland accounting for nearly all trade by value (99.99%) and weight (100.00%). The near-identical value and weight ratios confirm this is a low-unit-price bulk commodity, with an estimated price of approximately $0.07 per kilogram.

Partner Countries Clusters and Underlying Causes

The trade flow forms two clear clusters. The first is China Mainland, which acts as the sole major consumer of Peru's iron ore due to its massive steel production capacity requiring vast raw material imports. The second cluster consists of Chile, which represents a minimal, likely sporadic shipment, potentially for regional logistical or small-scale industrial testing purposes.

Forward Strategy and Supply Chain Implications

For market players, this near-total reliance on a single buyer creates significant supply chain risk. Diversifying the export portfolio to include other major steel-producing nations should be a long-term strategic priority to mitigate potential demand shocks. Furthermore, the broader trade environment requires monitoring, as new US tariff policies could indirectly affect global raw material trade flows [EY Tax News].

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Peru Iron Ores (HS 260111) 2025 September Export: Buyer Cluster

Buyer Market Concentration and Dominance

In September 2025, the Peru Iron ores Export market for HS Code 260111 shows extreme concentration among four segments of buyers. One group, consisting of buyers who purchase large volumes frequently, dominates with over 98% of the total trade value and weight, based on yTrade data. This high level of activity defines the market as one with regular, bulk transactions, where a few key players drive nearly all exports.

Strategic Buyer Clusters and Trade Role

The other buyer segments have minimal presence. There are no buyers making high-value but infrequent purchases or low-value but frequent ones. The only other active segment involves buyers with smaller, less regular orders, accounting for just over 1% of value. For a commodity like iron ore, this suggests occasional or niche market participants, possibly for spot deals or smaller contracts, but they play a very minor role compared to the dominant bulk buyers.

Sales Strategy and Vulnerability

For exporters in Peru, the strategy should focus on maintaining strong ties with the major bulk buyers to ensure stable revenue. The high dependence on this group poses a risk if demand shifts or external factors like tariffs arise, such as the US tariffs mentioned in [WTO Tariff & Trade Data], which could impact trade flows. Sales efforts should prioritize reliability and volume-based agreements, with minimal need for diversifying into smaller, infrequent buyers due to their low contribution.

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Peru Iron Ores (HS 260111) 2025 September Export: Action Plan for Iron Ores Market Expansion

Strategic Supply Chain Overview

The Peru Iron ores Export 2025 September for HS Code 260111 operates as a bulk commodity market. Price is driven by global iron ore index prices and the specific quality grade of the non-agglomerated ore. The supply chain implication is extreme vulnerability. Peru acts solely as a raw material supplier, with near-total reliance on a single buyer and product type, creating significant risk from demand shifts or new tariffs.

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

• Use shipment data to identify and target new buyers in other major steel-producing nations. This diversifies your customer base and reduces reliance on a single market, mitigating potential demand shocks.
• Analyze the purchase frequency of your dominant bulk buyers to forecast their demand cycles. This allows for better production and inventory planning, preventing costly overstock or stockouts.
• Leverage trade data to benchmark your ore's quality grade against global competitors. This ensures your pricing remains competitive and maximizes value extraction from your shipments.
• Continuously monitor global trade policy updates, especially from the US and WTO, using official sources. This provides early warning of potential tariffs or trade barriers that could disrupt your established export flows.

Take Action Now —— Explore Peru Iron ores Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Peru Iron ores Export 2025 September?

Peru's iron ore exports rebounded sharply in September 2025 after mid-year volatility, reaching a yearly high of 272.70 million USD. The April-May drop aligned with U.S. tariff disruptions, but the recovery reflects stabilized demand and adjusted trade strategies.

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

China Mainland dominates, accounting for 99.99% of export value and 100% of weight. Chile represents a negligible share, likely for sporadic regional shipments.

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

All exports are non-agglomerated iron ores priced uniformly at $0.07/kg, indicating no price variation. The bulk commodity nature and lack of processed variants standardize pricing.

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

Exporters must prioritize maintaining relationships with bulk buyers (98% of trade) while exploring diversification to reduce reliance on China. Cost efficiency is critical due to limited pricing power.

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

Chinese buyers benefit from stable, high-volume supply, while niche buyers (e.g., Chile) face limited opportunities due to Peru’s extreme market concentration.

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

Peru’s iron ores are raw, non-agglomerated materials used primarily in steel production, reflecting their role as low-value bulk commodities in global supply chains.