Peru Liquefied Natural Gas HS271111 Export Data 2025 Q1 Overview

Peru Liquefied Natural Gas (HS 271111) 2025 Q1 Export: Key Takeaways

Peru's Liquefied Natural Gas (HS Code 271111) Export 2025 Q1 reveals a high-value Asian market dominance, with South Korea alone capturing 49% of export value at a premium unit price of $0.62/kg, signaling superior product grade. The market is heavily concentrated among three Asian partners (90% of value), creating supply chain reliance, while Europe’s spot demand and Ecuador’s outlier shipments hint at diversification opportunities or risks. This analysis, based on verified Customs data from the yTrade database, reflects Q1 2025 trade dynamics.

Peru Liquefied Natural Gas (HS 271111) 2025 Q1 Export Background

What is HS Code 271111?

HS Code 271111 classifies Petroleum gases and other gaseous hydrocarbons; liquefied, natural gas (LNG), a critical energy commodity. LNG is primarily used for power generation, industrial processes, and heating, with stable global demand driven by its cleaner-burning properties compared to coal or oil. Peru's LNG exports under this code are strategically important due to the country's natural gas reserves and infrastructure.

Current Context and Strategic Position

The EU-Colombia-Peru-Ecuador Trade Committee updated product-specific rules of origin in June 2025, aligning with HS 2022 revisions, which will impact LNG exports under HS 271111 to the EU and partner countries [European Commission]. Peru's LNG exports benefit from preferential tariffs under the U.S.-Peru Trade Promotion Agreement, though broader U.S. tariff policies in 2025 introduced baseline adjustments [EY Tax News]. Given Peru's role as a regional LNG supplier, monitoring these policy shifts is essential for 2025 Q1 trade dynamics.

Peru Liquefied Natural Gas (HS 271111) 2025 Q1 Export: Trend Summary

Key Observations

Peru's Liquefied Natural Gas exports under HS Code 271111 for 2025 Q1 showed strong growth, with total value reaching 1.049 billion USD and volume hitting 1.804 billion kg. This performance underscores a solid start to the year for the sector.

Price and Volume Dynamics

The quarter exhibited robust sequential increases, with export value rising by 23.5% from January to February and 9.0% from February to March, while volume grew by 30.8% and 25.3% respectively. This upward momentum in Q1 aligns with typical seasonal patterns for LNG, where winter demand in northern hemisphere markets drives stock replenishment and higher shipment volumes, reflecting inherent industry cycles rather than external shocks.

External Context and Outlook

The stability and growth in Peru's LNG exports are bolstered by ongoing trade agreements, such as the US-Peru Trade Promotion Agreement which ensures tariff-free access [U.S. – Peru Trade Promotion Agreement]. While Harmonized System updates effective August 2025 may future impact rules of origin (EU Trade Update), they did not affect Q1 2025 operations, allowing the sector to capitalize on steady demand and favorable trade terms.

Peru Liquefied Natural Gas (HS 271111) 2025 Q1 Export: HS Code Breakdown

Product Specialization and Concentration

According to yTrade data, for Peru Liquefied Natural Gas HS Code 271111 Export in 2025 Q1, the market is entirely dominated by a single sub-code for liquefied natural gas, with a unit price of 0.58 USD per kilogram, confirming its role as a low-value, bulk commodity without significant specialization or variation.

Value-Chain Structure and Grade Analysis

With no other sub-codes present, the export consists solely of homogeneous liquefied natural gas, indicating a trade in fungible bulk commodities. This structure lacks differentiation in value-add stages or quality grades, with pricing likely tied to global energy indices rather than product-specific features.

Strategic Implication and Pricing Power

Peru's liquefied natural gas exports face limited pricing power due to their commodity nature, relying on global market conditions. Updates to rules of origin under trade agreements, such as those from the [European Commission], may affect certification processes, but strategic efforts should focus on cost control and leveraging trade preferences for market access.

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Peru Liquefied Natural Gas (HS 271111) 2025 Q1 Export: Market Concentration

Geographic Concentration and Dominant Role

Peru's Liquefied Natural Gas HS Code 271111 Export 2025 Q1 shows a clear concentration, with South Korea taking a dominant role by accounting for 48.96% of the total export value. The significant disparity between its value share (48.96%) and its weight share (46.10%) points to a higher unit price, indicating South Korea receives a premium grade of LNG, calculated at approximately $0.62 per kilogram compared to other major partners.

Partner Countries Clusters and Underlying Causes

The export partners form three clear clusters. The first is the premium Asian bloc of South Korea, China Mainland, and Japan, which together take nearly 90% of the value; this reflects strong energy demand and established long-term supply contracts in the region. The second is a European cluster of Spain and the Netherlands, which likely serves smaller, spot market demand. The third is Ecuador, a major outlier with a high shipment frequency and volume but a negligible value share (0.03%), suggesting these are either re-exports, transshipments, or a different, lower-value product classification entirely.

Forward Strategy and Supply Chain Implications

For producers, the heavy reliance on a few Asian buyers requires a strategy to lock in long-term contracts while also developing more spot market flexibility for European customers. The pending update to rules of origin under the EU-Colombia-Peru-Ecuador trade agreement, effective August 2025 [European Commission], means exporters must prepare documentation to maintain preferential access. The anomalous Ecuadorian shipments warrant investigation to clarify if they represent a logistical opportunity or a misclassification risk for Peru Liquefied Natural Gas HS Code 271111 Export 2025 Q1.

Table: Peru Liquefied Natural Gas (HS 271111) Top Partner Countries (Source: yTrade)

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Peru Liquefied Natural Gas (HS 271111) 2025 Q1 Export: Buyer Cluster

Buyer Market Concentration and Dominance

According to yTrade data, the Peru Liquefied Natural Gas Export market for 2025 Q1 under HS Code 271111 is highly concentrated, with one segment of buyers dominating the trade. This segment, characterized by high-value but infrequent purchases, holds 99.97% of the export value, indicating that a small number of large-scale transactions drive the market. The median transaction value is high, while frequency is low, reflecting a bulk commodity trade pattern. The four segments of buyers show that two are inactive, with only two active groups shaping exports.

Strategic Buyer Clusters and Trade Role

The other active buyer segment consists of companies making low-value but frequent purchases, contributing only 0.03% of the value but over half of the transaction frequency. This suggests a secondary market of smaller, regular buyers, possibly involved in distribution or local supply chains. The inactive segments indicate no current presence of buyers with mixed high value and high frequency or low value and low frequency, simplifying the market structure to primarily large infrequent deals supplemented by minor, recurring sales.

Sales Strategy and Vulnerability

For Peruvian exporters, this buyer concentration means strategic focus must be on maintaining strong relationships with the dominant high-value buyers to secure revenue, but it also creates vulnerability to demand drops from these few clients. Opportunities lie in leveraging trade agreements for stability, such as the recent EU-Colombia-Peru-Ecuador rules update [EU Taxation and Customs Union], which supports preferential export terms. The sales model should prioritize contract-based bulk deals while monitoring for diversification chances in smaller markets.

Table: Peru Liquefied Natural Gas (HS 271111) Key Buyer Companies (Source: yTrade)

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Peru Liquefied Natural Gas (HS 271111) 2025 Q1 Export: Action Plan for Liquefied Natural Gas Market Expansion

Strategic Supply Chain Overview

Peru's Liquefied Natural Gas (LNG) export market under HS Code 271111 in 2025 Q1 is a classic bulk commodity trade. Its price is driven primarily by global energy indices and the quality grade delivered to premium buyers like South Korea. The supply chain implications are significant: heavy reliance on a few large-scale Asian buyers creates vulnerability to demand shocks, while the homogeneous product nature limits value-added opportunities. This structure emphasizes cost efficiency and logistical reliability as core competitive factors.

Action Plan: Data-Driven Steps for Liquefied Natural Gas Market Execution

• Lock in long-term contracts with major Asian buyers using historical trade volume data to negotiate stable terms, reducing exposure to spot price volatility and ensuring revenue predictability for Peru Liquefied Natural Gas Export 2025 Q1.
• Diversify into European spot markets by analyzing shipment frequency and value data to identify flexible buyers, capturing higher-margin opportunities and mitigating over-reliance on Asian demand under HS Code 271111.
• Audit and clarify Ecuador shipment patterns with transaction-level data to determine if these are re-exports or misclassified entries, preventing potential compliance risks or undervalued shipments.
• Prepare for updated rules of origin under the EU-Andean trade agreement by verifying product-specific origin criteria ahead of the August 2025 effective date, ensuring uninterrupted preferential access to key markets.

Take Action Now —— Explore Peru Liquefied Natural Gas Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Peru Liquefied Natural Gas Export 2025 Q1?

Peru's LNG exports grew robustly in Q1 2025, with value rising 23.5% month-over-month in February and 9.0% in March, driven by seasonal demand in northern hemisphere markets and stable trade terms under agreements like the US-Peru Trade Promotion Agreement.

Q2. Who are the main partner countries in this Peru Liquefied Natural Gas Export 2025 Q1?

South Korea dominates with 48.96% of export value, followed by China Mainland and Japan, forming a premium Asian bloc that accounts for nearly 90% of total shipments. Spain, the Netherlands, and Ecuador make up smaller, distinct clusters.

Q3. Why does the unit price differ across Peru Liquefied Natural Gas Export 2025 Q1 partner countries?

South Korea pays a premium ($0.62/kg) compared to others, reflecting its role as a high-volume buyer of standardized LNG, while Ecuador’s negligible value share suggests potential re-exports or misclassified shipments.

Q4. What should exporters in Peru focus on in the current Liquefied Natural Gas export market?

Exporters must prioritize securing long-term contracts with dominant Asian buyers (South Korea, China, Japan) while exploring spot market flexibility for European partners to mitigate reliance on a few high-value transactions.

Q5. What does this Peru Liquefied Natural Gas export pattern mean for buyers in partner countries?

Asian buyers benefit from stable, bulk supply at competitive prices, while European buyers face spot-market dependency. Ecuador’s anomalous shipments warrant scrutiny to clarify if they represent logistical opportunities or classification errors.

Q6. How is Liquefied Natural Gas typically used in this trade flow?

Peru’s LNG exports serve as a bulk energy commodity, primarily fueling power generation and industrial demand in partner countries, with pricing tied to global energy indices rather than product-specific features.

Detailed Monthly Report

Peru HS271111 Export Snapshot 2025 JAN

Peru HS271111 Export Snapshot 2025 FEB

Peru HS271111 Export Snapshot 2025 MAR