Peru Precious Metal Ores HS2616 Export Data 2025 May Overview

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

Peru's Precious Metal Ores (HS Code 2616) export in May 2025 reveals extreme buyer concentration, with China dominating 98.74% of volume but only 92.90% of value, signaling bulk shipments of lower-grade ores. South Korea emerges as a secondary market with higher value density, suggesting premium-grade demand. The trade is heavily reliant on China, posing significant market risk, while minor buyers like India play negligible roles. This analysis is based on cleanly processed Customs data from the yTrade database, covering May 2025.

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

Precious Metal Ores (HS Code 2616), including gold and silver concentrates, are critical for electronics, jewelry, and industrial applications, driving steady global demand. Recent updates to Peru’s trade agreements, like the EU-Colombia-Peru preferential trade adjustments under HS 2022 [EU Taxation], highlight evolving export rules. Peru, a top global supplier, remains pivotal for 2025 exports, with its May shipments under HS Code 2616 reflecting both tariff negotiations [Tridge] and stable production.

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

Key Observations

Peru Precious Metal Ores HS Code 2616 Export in May 2025 saw a sharp unit price increase to 2.29 USD/kg, up 20.5% from April, driven by heightened demand and supply-side adjustments.

Price and Volume Dynamics

Month-over-month, the unit price rose from 1.90 USD/kg in April to 2.29 USD/kg in May, while volume grew by 33.6% to 314.43 million kg. This surge reflects typical industry volatility for precious metal ores, where price spikes often follow inventory drawdowns or seasonal demand peaks in downstream sectors like jewelry and electronics. The value jumped to 718.88 million USD, indicating strong export momentum despite earlier dips.

External Context and Outlook

Trade policies played a key role; the U.S.-Peru Trade Promotion Agreement [U.S. Trade Government] ensures tariff-free access, supporting volume growth. Recent reports show Peruvian exporters absorbing part of tariffs to maintain U.S. shipments (Tridge), which may have contributed to May's price pressures. Looking ahead, ongoing trade adjustments and global metal price swings suggest continued instability for Peru's exports.

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

Product Specialization and Concentration

In May 2025, Peru's export of Precious Metal Ores under HS Code 2616 was heavily concentrated in Silver ores and concentrates, which dominated with a 64 percent weight share and 60 percent value share. This sub-code, with a unit price of 2.12 USD per kilogram, shows a focus on high-volume, lower-value exports. A minor outlier, with a unit price of 9.82 USD per kilogram, was present but isolated due to its negligible market presence.

Value-Chain Structure and Grade Analysis

The remaining non-anomalous exports fall into two clear categories: Silver ores and Other precious metal ores excluding silver, with unit prices of 2.12 and 2.58 USD per kilogram respectively. This structure indicates a trade in fungible bulk commodities, where pricing is likely tied to global metal indices and reflects differences in metal composition or grade rather than significant value-added processing.

Strategic Implication and Pricing Power

For Peru Precious Metal Ores HS Code 2616 Export in 2025 May, market players should prioritize high-volume silver ores for stable revenue but expect limited pricing power due to commodity nature. Strategic focus should be on cost efficiency and monitoring global price trends, as these exports are price-takers in international markets.

Check Detailed HS 2616 Breakdown

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

Geographic Concentration and Dominant Role

In May 2025, Peru's export of Precious Metal Ores HS Code 2616 was overwhelmingly dominated by CHINA MAINLAND, which accounted for 98.74% of the weight but only 92.90% of the value. This disparity, where value ratio is lower than weight ratio, points to China receiving bulk shipments of lower-grade ores, typical for commodity markets where volume drives trade rather than high unit value.

Partner Countries Clusters and Underlying Causes

The trade partners form two clear clusters: China as the primary destination due to its massive industrial demand for raw materials, and South Korea as a secondary market with a higher value share (6.56%) relative to its weight (1.18%), suggesting it may import more refined or specific ores for specialized uses. India's minimal presence (0.08% weight) indicates it is a minor, perhaps niche, buyer in this period.

Forward Strategy and Supply Chain Implications

To reduce reliance on China, Peruvian exporters should leverage trade agreements like the US-Peru Trade Promotion Agreement [Taxation Customs] that eliminate tariffs, aiming to diversify into markets like the US for better value realization. Supply chains should prioritize logistics for bulk shipments to maintain cost efficiency while exploring opportunities for higher-grade ore exports to partners like South Korea.

Get Complete Partner Countries Profile

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

Buyer Market Concentration and Dominance

The Peru Precious Metal Ores export market for HS Code 2616 in May 2025 shows extreme concentration across four segments of buyers. One group, making frequent and high-value purchases, dominates with 89.83% of the total export value. This indicates a market where most trade comes from regular, large-scale transactions, defining the overall character as reliant on consistent, high-volume exchanges.

Strategic Buyer Clusters and Trade Role

Other buyer groups play smaller but distinct roles. Buyers with high value but low frequency, accounting for 6.40% of value, likely represent large, infrequent orders for bulk needs or specific projects. Those with low value but high frequency, at 2.08% value share, are probably smaller entities engaged in regular, smaller purchases for ongoing operations. The segment with low value and low frequency, contributing 1.70% to value, consists of occasional small buyers, possibly new entrants or spot market participants.

Sales Strategy and Vulnerability

For exporters in Peru, the strategy must focus on securing and nurturing relationships with the dominant high-value, frequent buyers to maintain revenue stability. The high dependency on this segment poses a risk if market conditions change or buyer demand shifts. Opportunities may arise from trade agreements like the US-Peru TPA reducing tariffs [U.S. Trade Government], but recent news notes that Peruvian exporters are sometimes absorbing tariff costs to sustain shipments (Tridge), highlighting the need for cost management and diversified buyer engagement to mitigate vulnerabilities.

Check Full Precious Metal Ores Buyer lists

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

Strategic Supply Chain Overview

The Peru Precious Metal Ores Export 2025 May for HS Code 2616 is a commodity-driven market. Price is set by global metal indices and ore grade differences, not value-added processing. China dominates as the bulk buyer, creating high reliance but lower value realization per ton. This structure makes Peru a price-taker. Supply chains must prioritize high-volume, low-cost logistics for bulk shipments. They must also ensure stable supply to key partners.

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

• Use HS Code sub-component data to track silver ore ratios. This allows real-time pricing alignment with global indices.
• Analyze buyer purchase frequency to forecast demand from high-value clients. It prevents revenue disruption from order volatility.
• Leverage trade agreement databases to target tariff-free markets like the US. This diversifies away from China and improves margin.
• Monitor partner-specific unit prices for opportunities with high-value buyers like South Korea. It maximizes returns per shipment.
• Deploy supply chain analytics to optimize bulk shipping routes and volumes. This reduces logistics costs per ton.

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 May?

The unit price surged 20.5% to 2.29 USD/kg in May due to heightened demand and supply adjustments, while export volume grew 33.6%. This reflects volatility typical for commodity markets tied to downstream sectors like jewelry and electronics.

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

China dominated with 98.74% of weight and 92.90% of value, followed distantly by South Korea (6.56% value share) and India (0.08% weight share).

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

Price differences stem from grade variations: China receives bulk silver ores (2.12 USD/kg), while South Korea likely imports higher-value ores (implied by its higher value-to-weight ratio).

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

Exporters must prioritize relationships with dominant high-value, frequent buyers (89.83% of value) while diversifying beyond China to markets like South Korea for better value realization.

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

Chinese buyers benefit from stable bulk supply at lower unit costs, while niche buyers (e.g., South Korea) access specialized ores but face limited bargaining power due to market concentration.

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

The ores are fungible commodities, primarily silver concentrates, destined for industrial refining and eventual use in sectors like electronics or jewelry manufacturing.