Peru Precious Metal Ores HS2616 Export Data 2025 February Overview

Peru Precious Metal Ores (HS 2616) 2025 February Export: Key Takeaways

Peru's Precious Metal Ores (HS Code 2616) exports in February 2025 reveal extreme buyer concentration, with China Mainland dominating 98.87% of volume but paying lower unit prices (2.02 USD/kg) compared to smaller, higher-value markets like South Korea and India. This heavy reliance on China poses supply chain risks, while secondary buyers indicate potential for diversification. The data, sourced from the yTrade database, reflects cleanly processed Customs records for February 2025, confirming China's role as the bulk buyer of raw ores while niche markets demand higher-grade material.

Peru Precious Metal Ores (HS 2616) 2025 February Export Background

Peru's Precious Metal Ores (HS Code 2616) cover ores and concentrates of gold, silver, and platinum, critical for jewelry, electronics, and industrial catalysts. Global demand remains steady, driven by tech and luxury markets. Recent US tariff adjustments under the 2025 Executive Order [EY Tax News] add complexity, but Peru's exporters are adapting by absorbing partial costs [Tridge]. As a top global producer, Peru's February 2025 exports of HS Code 2616 remain strategically vital for supply chains.

Peru Precious Metal Ores (HS 2616) 2025 February Export: Trend Summary

Key Observations

Peru's Precious Metal Ores HS Code 2616 Export in February 2025 experienced a slight dip in both value and volume compared to January, with unit prices holding steady at 2.05 USD/kg, indicating stable pricing amid minor shipment adjustments.

Price and Volume Dynamics

The month-over-month decline in export value to 515.58 million USD from 533.36 million USD, coupled with a drop in volume to 251.16 million kg from 260.06 million kg, points to a temporary reduction in output. This shift aligns with typical seasonal mining cycles in Peru, where February often sees reduced activity due to weather or operational planning, rather than price-driven changes, as costs remained consistent.

External Context and Outlook

External trade dynamics, such as the US-imposed 10% baseline tariff effective April 2025 [taxnews.ey.com], may pressure future exports, though Peruvian exporters are proactively adapting by absorbing part of these costs to sustain US shipments (Tridge). Ongoing updates to harmonized system codes under EU agreements could further influence compliance and market access, shaping the outlook for Peru Precious Metal Ores HS Code 2616 Export through 2025.

Peru Precious Metal Ores (HS 2616) 2025 February Export: HS Code Breakdown

Product Specialization and Concentration

In February 2025, Peru's export of Precious Metal Ores under HS Code 2616 is heavily concentrated in Silver ores and concentrates, which dominate with a 52% value share and 55% weight share, despite a lower unit price of $1.93 per kilogram compared to other categories. This specialization highlights a focus on high-volume, lower-value raw material exports for Peru Precious Metal Ores HS Code 2616 Export 2025 February.

Value-Chain Structure and Grade Analysis

The remaining exports fall into a single category of other precious metal ores, such as gold or platinum ores, with a unit price of $2.21 per kilogram, indicating a slightly higher grade or different metal composition. This structure confirms a trade in fungible bulk commodities, where products are largely undifferentiated and linked to global metal price indices, rather than value-added goods.

Strategic Implication and Pricing Power

For market players, this commodity nature means limited pricing power, as exports are subject to fluctuations in international metal markets. Strategic focus should remain on cost efficiency and volume management to maintain competitiveness in Peru Precious Metal Ores HS Code 2616 exports.

Check Detailed HS 2616 Breakdown

Peru Precious Metal Ores (HS 2616) 2025 February Export: Market Concentration

Geographic Concentration and Dominant Role

In February 2025, Peru's exports of Precious Metal Ores under HS Code 2616 were overwhelmingly dominated by China Mainland, which accounted for 98.87% of the weight and 97.06% of the value, indicating a slight disparity where the value ratio is lower than the weight ratio. This suggests that China is purchasing lower-unit-price ores, likely in bulk for raw material processing, with an approximate unit price of 2.02 USD per kilogram, compared to higher prices for other partners.

Partner Countries Clusters and Underlying Causes

The export partners form two clear clusters: China as the primary bulk buyer, and a secondary group including South Korea, India, and Australia, each with smaller shares but higher unit prices around 4.5-5.95 USD per kilogram. This pattern likely stems from China's massive industrial demand for raw ores, while the other countries may seek higher-grade or partially processed concentrates for their specialized refining industries.

Forward Strategy and Supply Chain Implications

For market players, the heavy reliance on China poses a supply chain risk due to potential demand shifts or trade policy changes. Diversifying into markets like South Korea or India could stabilize revenues, and monitoring trade agreements, such as those highlighted in news about US tariffs [FreightAmigo], is crucial for adapting to global trade dynamics affecting Peru Precious Metal Ores exports.

Get Complete Partner Countries Profile

Peru Precious Metal Ores (HS 2616) 2025 February Export: Buyer Cluster

Buyer Market Concentration and Dominance

In the Peru Precious Metal Ores Export for February 2025 under HS Code 2616, the buyer market shows strong concentration in one of the four segments. Buyers who make large, frequent purchases dominate, holding 88% of the total export value. This group also accounts for 70% of all transactions, indicating a market where high-volume, regular deals are the norm. The median export involves substantial quantities due to the commodity nature of precious metal ores, with most activity centered on bulk trading.

Strategic Buyer Clusters and Trade Role

The other buyer segments play smaller but distinct roles. Buyers with large but infrequent orders likely represent major mining companies or processors securing raw materials for specific needs. Those with small, frequent purchases are probably traders or local distributors handling smaller lots. The segment with small, infrequent orders consists of occasional or niche buyers, such as smaller firms or new market entrants. Together, these three groups contribute less than 12% of the export value, highlighting their secondary position in the trade flow.

Sales Strategy and Vulnerability

For Peruvian exporters, the focus should be on maintaining relationships with dominant bulk buyers to ensure stable revenue. However, reliance on this group poses a risk if demand shifts or external factors like tariffs arise. Recent news indicates potential challenges, such as US tariffs affecting Peruvian exports [EY Tax News], which could impact pricing and competitiveness. Diversifying into other buyer segments might reduce vulnerability, but the current sales model is efficient for high-volume commodity trade.

Check Full Precious Metal Ores Buyer lists

Peru Precious Metal Ores (HS 2616) 2025 February Export: Action Plan for Precious Metal Ores Market Expansion

Strategic Supply Chain Overview

Peru's Precious Metal Ores exports under HS Code 2616 are commodity-driven. Prices are set by global metal indices and ore grade. China's dominance as a bulk buyer creates price pressure. Supply chains rely heavily on high-volume, low-margin trade with limited value addition.

This creates significant risk. Any shift in Chinese demand or trade policy disrupts revenue. Exporters have little pricing power. They must focus on cost efficiency and volume stability. The market lacks diversification in both products and buyers.

Action Plan: Data-Driven Steps for Precious Metal Ores Market Execution

• Diversify export destinations using trade data. Target partners like South Korea and India that pay higher unit prices. This reduces over-reliance on China and stabilizes income.
• Analyze buyer frequency to forecast demand shifts. Adjust production schedules to match order cycles from dominant bulk buyers. This prevents inventory overstock and optimizes cash flow.
• Monitor ore grade and unit price trends by destination. Negotiate better terms for higher-grade shipments to value-conscious markets. This maximizes revenue per kilogram exported.
• Track trade policy alerts for China and the US. Adapt logistics and contracts to avoid tariff impacts. This protects against sudden cost increases or demand drops.

Take Action Now —— Explore Peru Precious Metal Ores Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Peru Precious Metal Ores Export 2025 February?

A1. The slight dip in export value and volume reflects seasonal mining cycles, with stable unit prices indicating consistent demand. External factors like upcoming US tariffs may influence future trade dynamics.

Q2. Who are the main partner countries in this Peru Precious Metal Ores Export 2025 February?

A2. China dominates with 97.06% of export value, followed by smaller shares from South Korea, India, and Australia, which pay higher unit prices for specialized ores.

Q3. Why does the unit price differ across Peru Precious Metal Ores Export 2025 February partner countries?

A3. China’s bulk purchases of lower-grade silver ores ($2.02/kg) drive down unit prices, while other countries buy higher-grade or processed concentrates at $4.5–$5.95/kg.

Q4. What should exporters in Peru focus on in the current Precious Metal Ores export market?

A4. Exporters should prioritize relationships with dominant bulk buyers (88% of value) while diversifying into niche markets like South Korea or India to mitigate reliance on China.

Q5. What does this Peru Precious Metal Ores export pattern mean for buyers in partner countries?

A5. Bulk buyers in China benefit from stable, low-cost supply, while smaller partners gain access to higher-grade ores—though both face risks from trade policy shifts.

Q6. How is Precious Metal Ores typically used in this trade flow?

A6. Exported ores are primarily raw materials for industrial processing, with silver concentrates (52% of value) being the most traded commodity.