Peru Molybdenum Ores HS261390 Export Data 2025 Q1 Overview

Peru Molybdenum Ores (HS 261390) 2025 Q1 Export: Key Takeaways

Peru's Molybdenum ores (HS Code 261390) Export 2025 Q1 shows strong geographic concentration, with Chile dominating at 32.02% of export value, likely paying a premium for higher-grade ores. The market remains stable, supported by key industrial buyers like the U.S. and China, though diversification is advised to mitigate reliance on Chile. This analysis covers 2025 Q1 and is based on cleanly processed Customs data from the yTrade database.

Peru Molybdenum Ores (HS 261390) 2025 Q1 Export Background

What is HS Code 261390?

HS Code 261390 covers molybdenum ores and concentrates; other than roasted, a critical raw material primarily used in steel alloys, chemicals, and electronics due to its high-temperature resistance and corrosion prevention properties. Global demand remains stable, driven by industrial manufacturing and infrastructure development, particularly in emerging markets. Peru’s molybdenum ores are a key export commodity, reflecting its strategic role in global supply chains.

Current Context and Strategic Position

The U.S. implemented a 10% baseline tariff in April 2025 under a broader "reciprocal tariff" policy, partially affecting Peru’s exports previously covered by the U.S.-Peru Trade Promotion Agreement (TPA) [theboardiQ, EY Tax News]. However, molybdenum ores (HS Code 261390) are likely exempt, given sector-specific exclusions for critical minerals. Peru’s Q1 2025 exports of molybdenum ores remain strategically significant, leveraging its mining sector’s competitiveness and global demand for industrial inputs. Market vigilance is essential to monitor potential policy shifts or trade disruptions.

Peru Molybdenum Ores (HS 261390) 2025 Q1 Export: Trend Summary

Key Observations

Peru's molybdenum ores exports under HS Code 261390 in Q1 2025 totaled approximately 649.7 million USD in value and 32.05 million kg in volume, marking a solid start to the year despite a noticeable dip in February. This performance underscores the sector's resilience amid global trade shifts.

Price and Volume Dynamics

The quarter began strong in January with 265.06 million USD and 12.55 million kg, but February saw a sharp decline to 189.77 million USD and 9.48 million kg, before a partial recovery in March to 194.87 million USD and 10.02 million kg. This volatility aligns with typical mining output cycles and industrial demand fluctuations, as molybdenum ore exports are sensitive to production schedules and global steel industry needs. The MoM drop in February may reflect temporary operational adjustments or inventory drawdowns, common in mineral commodities.

External Context and Outlook

The stability in March and overall Q1 performance can be partly attributed to U.S. trade policy developments. [Trade.gov] reports that mining products, including molybdenum ores, were exempt from the 10% baseline tariff implemented in April 2025, shielding Peruvian exports from potential disruptions (Trade.gov). This exemption, coupled with ongoing demand from industrial sectors, suggests a cautiously optimistic outlook for Peru Molybdenum ores HS Code 261390 Export 2025 Q1, though monitoring global economic conditions remains essential.

Peru Molybdenum Ores (HS 261390) 2025 Q1 Export: HS Code Breakdown

Product Specialization and Concentration

According to yTrade data, Peru's export of Molybdenum ores under HS Code 261390 in Q1 2025 is entirely concentrated in a single product: Molybdenum ores and concentrates; other than roasted. This product represents the full export volume and value, with a unit price of 20.27 USD per kilogram, highlighting a market specialized in raw ore shipments without significant diversification.

Value-Chain Structure and Grade Analysis

The export structure for Peru's Molybdenum ores consists solely of unroasted ores and concentrates, indicating a trade in fungible bulk commodities. With no other product forms or grades present, these exports are standardized and likely tied to global price indices, rather than involving value-added processing or differentiated quality tiers.

Strategic Implication and Pricing Power

As a bulk commodity, Peru's Molybdenum ores face pricing driven by international market forces, but exports may benefit from stability due to tariff exemptions for minerals in key markets like the US [theboardiQ]. This reduces external trade risks and supports Peru's role as a reliable supplier, though pricing power remains dependent on global demand cycles.

Check Detailed HS 261390 Breakdown

Peru Molybdenum Ores (HS 261390) 2025 Q1 Export: Market Concentration

Geographic Concentration and Dominant Role

Peru's Molybdenum ores HS Code 261390 Export 2025 Q1 shows strong geographic concentration, with CHILE as the dominant importer by value, accounting for 32.02% of total export value. The value ratio of 32.02 slightly exceeds the weight ratio of 30.30, indicating a higher unit price around 21.42 USD per kg, which suggests CHILE may be paying a premium for better grade ores or favorable trade terms.

Partner Countries Clusters and Underlying Causes

The importers form three clear clusters. CHILE, UNITED STATES, and CHINA MAINLAND make up the primary cluster with high volume and value shares, likely due to their strong industrial bases and demand for raw materials. SOUTH KOREA and NETHERLANDS represent a secondary cluster with moderate shares, possibly acting as processing or distribution hubs. INDIA is a minor player with low ratios, indicating limited current demand or emerging market entry.

Forward Strategy and Supply Chain Implications

For Peru's Molybdenum ores exports, the dominance of CHILE and other major economies suggests a need to maintain strong bilateral ties and explore diversification to mitigate geopolitical risks. The US tariff policy, which exempts mineral ores [theboardiq.com], supports stable access to that market, but exporters should stay updated on trade agreements to avoid disruptions. Supply chain players should focus on quality consistency to leverage premium pricing opportunities in key markets.

Table: Peru Molybdenum Ores (HS 261390) Top Partner Countries (Source: yTrade)

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Peru Molybdenum Ores (HS 261390) 2025 Q1 Export: Buyer Cluster

Buyer Market Concentration and Dominance

According to yTrade data, the Peru Molybdenum ores Export market in 2025 Q1 under HS Code 261390 is heavily dominated by one group of buyers. This segment accounts for 87.07% of the total export value and 73.46% of transaction frequency, indicating a highly concentrated market where a few large, regular buyers drive most of the trade. The median buyer behavior shows high volume and frequent purchases, typical for commodity markets like molybdenum ores.

Strategic Buyer Clusters and Trade Role

The other segments include buyers with frequent but lower-value purchases, representing smaller or spot market participants, and those with infrequent, low-value transactions, likely occasional or newer entrants to the market. The absence of any high-value, low-frequency buyers suggests no major one-off deals occurred, which aligns with the steady, bulk nature of mineral ore exports where consistency in large orders is common.

Sales Strategy and Vulnerability

For Peruvian exporters, the strategy should prioritize maintaining relationships with the dominant high-value, high-frequency buyers to ensure stable revenue, while exploring opportunities in smaller segments for diversification. The risk of over-reliance on a few key buyers is offset by the commodity's demand stability, and the sales model likely involves long-term contracts. [The U.S. tariff exemptions for minerals] support continued export flows without significant new barriers, reducing vulnerability to trade policy changes.

Table: Peru Molybdenum Ores (HS 261390) Key Buyer Companies (Source: yTrade)

Check Full Molybdenum ores Buyer lists

Peru Molybdenum Ores (HS 261390) 2025 Q1 Export: Action Plan for Molybdenum Ores Market Expansion

Strategic Supply Chain Overview

The Peru Molybdenum ores Export 2025 Q1 for HS Code 261390 operates as a bulk commodity market. Price is driven by global demand cycles and ore quality, with key markets like Chile paying slight premiums. Supply chain implications focus on secure, high-volume shipments to a few major buyers. Peru's role is as a reliable raw material supplier, benefiting from stable trade terms like US tariff exemptions.

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

• Monitor dominant buyer purchase frequency. Use trade data to anticipate order cycles and secure long-term contracts. This ensures revenue stability from your core clients.
• Analyze unit prices by destination. Compare Chile's higher unit price against other markets. Target buyers willing to pay for consistent quality or favorable terms.
• Track trade policy updates for key markets. Regularly review US and Chilean import regulations. This protects against sudden tariff changes or new barriers.
• Profile occasional buyers for diversification. Identify smaller, frequent purchasers in secondary markets. This reduces over-reliance on a few dominant clients.

Take Action Now —— Explore Peru Molybdenum ores Export Data

Frequently Asked Questions

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

The Q1 2025 export performance showed volatility, with a sharp dip in February followed by a partial recovery in March, reflecting typical mining output cycles and global steel industry demand fluctuations. U.S. tariff exemptions for mineral ores also contributed to stability.

Q2. Who are the main partner countries in this Peru Molybdenum ores Export 2025 Q1?

Chile is the dominant importer (32.02% of export value), followed by the United States and China, forming the primary cluster. South Korea and the Netherlands represent a secondary cluster, while India is a minor player.

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

Chile’s higher unit price (21.42 USD/kg) suggests a premium for better-grade ores or favorable trade terms, while other markets follow standardized bulk commodity pricing for unroasted ores and concentrates.

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

Exporters should prioritize relationships with dominant high-value buyers (87.07% of export value) and explore diversification in smaller markets to mitigate over-reliance risks.

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

Buyers in key markets like Chile and the U.S. benefit from stable, tariff-exempt supply, while smaller buyers may face competition for limited spot market volumes.

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

Peru’s exports consist entirely of unroasted ores and concentrates, which are fungible bulk commodities primarily used in industrial applications like steel production.

Detailed Monthly Report

Peru HS261390 Export Snapshot 2025 JAN

Peru HS261390 Export Snapshot 2025 FEB

Peru HS261390 Export Snapshot 2025 MAR