Peru Precious Metal Ores HS2616 Export Data 2025 Q2 Overview

Peru Precious Metal Ores (HS 2616) 2025 Q2 Export: Key Takeaways

Peru's Precious Metal Ores (HS Code 2616) exports in 2025 Q2 reveal extreme reliance on China, which accounts for 99% of volume but pays lower unit prices (2.15 USD/kg) for bulk-grade ores, while niche buyers like South Korea and India command premium rates (9.33-16.14 USD/kg) for higher-grade material. The market shows clear stratification, with China dominating as a bulk processor and smaller players targeting specialized refining. Exporters must diversify beyond China—particularly to the US amid tariff shifts—and improve ore grades to capture higher value. This analysis is based on cleanly processed Customs data from the yTrade database covering 2025 Q2.

Peru Precious Metal Ores (HS 2616) 2025 Q2 Export Background

Precious Metal Ores (HS Code 2616), covering ores and concentrates of gold, silver, and platinum group metals, are critical for electronics, jewelry, and industrial applications, driving steady global demand. Recent updates to the EU-Colombia-Peru-Ecuador trade agreement reflect HS 2022 adjustments, while Peruvian exporters are absorbing partial U.S. tariffs to maintain shipments [EY Tax News]. Peru, a top global producer, remains pivotal for HS Code 2616 exports in 2025 Q2, leveraging its mining sector and trade agreements like the U.S.-Peru TPA to sustain competitiveness [Trade.gov].

Peru Precious Metal Ores (HS 2616) 2025 Q2 Export: Trend Summary

Key Observations

Peru's Precious Metal Ores (HS Code 2616) exports in Q2 2025 showed heightened volatility, with unit prices swinging from a low of $1.90/kg in April to peaks above $2.30/kg by June, reflecting external trade pressures rather than typical industry cycles.

Price and Volume Dynamics

Comparing Q2 to Q1 2025, average unit prices rose slightly from $2.11/kg to $2.18/kg, while export volume increased modestly, indicating resilient demand despite fluctuations. The sharp April price drop and subsequent May-June surge deviate from usual precious metal ore patterns, where prices are stable barring macroeconomic shocks, suggesting external factors drove the instability rather than seasonal mining or stock cycles.

External Context and Outlook

The volatility aligns with US tariff impositions effective April 5, 2025 [EY Tax News], which initially dampened prices, followed by recovery as Peruvian exporters agreed to absorb part of the costs to maintain US shipments [Tridge]. Ongoing trade agreement updates, like HS code harmonization, may further influence Peru Precious Metal Ores HS Code 2616 Export 2025 Q2 performance amid global economic uncertainties.

Peru Precious Metal Ores (HS 2616) 2025 Q2 Export: HS Code Breakdown

Product Specialization and Concentration

In Q2 2025, Peru's export of Precious Metal Ores under HS Code 2616 is heavily concentrated on Silver ores and concentrates, which dominate with an 85% frequency share and over 60% of both weight and value. This sub-code has a unit price of 2.03 USD per kilogram, indicating a bulk commodity focus. A minor sub-code for other precious metal ores shows an isolated high unit price of 9.03 USD per kilogram but represents less than 1% of trade volume, highlighting a niche, high-grade product separate from the main export pool.

Value-Chain Structure and Grade Analysis

The remaining exports split into two categories: Silver ores at 2.03 USD per kilogram and non-silver precious metal ores at 2.47 USD per kilogram. This slight price difference suggests basic grade variations based on metal type, but both are raw, unprocessed ores traded in large volumes. The structure points to a fungible bulk commodity market, where prices are likely tied to global metal indices rather than product differentiation, with no significant value-add stages evident.

Strategic Implication and Pricing Power

For Peru Precious Metal Ores HS Code 2616 Export 2025 Q2, the low unit prices and bulk nature limit pricing power, making exports vulnerable to global price swings. The news that Peruvian exporters are absorbing part of US tariffs [tridge.com] reinforces margin pressures, urging focus on cost efficiency and market diversification under existing trade agreements to maintain competitiveness.

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Peru Precious Metal Ores (HS 2616) 2025 Q2 Export: Market Concentration

Geographic Concentration and Dominant Role

In Q2 2025, Peru's exports of Precious Metal Ores under HS Code 2616 are overwhelmingly dominated by China, which handles 99.23% of the weight and 96.66% of the value. This disparity, where value ratio is lower than weight ratio, points to China importing lower-grade ores at a cheaper unit price of around 2.15 USD per kilogram, typical for bulk commodity processing.

Partner Countries Clusters and Underlying Causes

Two clear clusters emerge beyond China. South Korea and India form a secondary group with small shares but much higher unit prices—9.33 USD/kg and 16.14 USD/kg respectively—suggesting they buy higher-grade ores for specialized refining. A third cluster includes Sweden and Belgium with minimal volumes, likely serving niche European industrial needs or acting as transit hubs.

Forward Strategy and Supply Chain Implications

For Peru, heavy reliance on China for Precious Metal Ores exports in 2025 Q2 requires diversifying to markets like the US, where new tariff dynamics [Tridge] offer opportunities if costs are shared. Exporters should focus on improving ore grades to attract higher-value buyers and stabilize supply chains against geopolitical shifts. (Tridge)

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Peru Precious Metal Ores (HS 2616) 2025 Q2 Export: Buyer Cluster

Buyer Market Concentration and Dominance

In the Peru Precious Metal Ores Export for 2025 Q2 under HS Code 2616, the buyer market is split into four segments of buyers, with one group overwhelmingly dominant. This cluster accounts for 90.60% of the export value and 72.20% of the transaction frequency, indicating that the market is highly concentrated around buyers who purchase large volumes frequently. The median transaction in this market is characterized by high value and high frequency, driven by this dominant group's activity.

Strategic Buyer Clusters and Trade Role

The other buyer clusters play smaller but distinct roles. Buyers with large but infrequent purchases hold 6.27% of the value share, likely representing major industrial users or investors making strategic bulk buys. A cluster with small but frequent transactions contributes 1.75% to the value, probably consisting of local traders or smaller processors who trade often. Lastly, buyers with small and infrequent purchases account for 1.38% of the value, which may include occasional or speculative traders entering the market.

Sales Strategy and Vulnerability

For exporters in Peru, the focus should be on maintaining strong relationships with the dominant high-volume buyers to ensure stable revenue. However, this heavy reliance poses a risk if those buyers reduce orders, highlighting the need to diversify into other clusters for resilience. The sales model likely involves bulk contracts and regular shipments. News about US tariffs [EY Tax News] suggests potential cost pressures, so exporters may need to absorb part of any tariff increases to retain key buyers, affecting profit margins.

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Peru Precious Metal Ores (HS 2616) 2025 Q2 Export: Action Plan for Precious Metal Ores Market Expansion

Strategic Supply Chain Overview

The Peru Precious Metal Ores Export 2025 Q2 under HS Code 2616 operates as a bulk commodity market. Price is driven by global metal indices and ore grade quality. China dominates as the primary buyer, purchasing lower-grade ores at bulk prices. This creates high exposure to global price swings and Chinese demand shifts. The supply chain implication is a reliance on high-volume, low-margin exports with limited pricing power. Exporters face margin pressure from tariffs and buyer concentration.

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

• Analyze buyer transaction frequency data to forecast demand cycles from dominant clients. This prevents overstock and aligns production with order patterns.
• Segment export offers by ore grade using HS Code sub-category data. Target high-value buyers in South Korea and India with premium ores to improve margins.
• Diversify export destinations by tracking partner country import trends. Reduce dependence on China and tap markets like the US under revised trade terms.
• Negotiate cost-sharing clauses in contracts with key buyers. This offsets tariff impacts and stabilizes profitability amid trade policy changes.

Risk Mitigation and Forward Strategy

Peru must reduce its reliance on China for HS Code 2616 exports. Develop higher-grade ore products for specialized markets. Strengthen relationships with secondary buyer clusters to cushion against order reductions from major partners. Monitor global metal prices and trade policy updates monthly. This approach balances volume security with value growth.

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Frequently Asked Questions

Q1. What is driving the recent changes in Peru Precious Metal Ores Export 2025 Q2?

The volatility in Peru's Precious Metal Ores exports is driven by external trade pressures, particularly US tariffs imposed in April 2025, which initially dampened prices before a partial recovery as exporters absorbed costs to maintain shipments.

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

China dominates with 96.66% of export value, followed by South Korea and India, which account for small shares but pay significantly higher unit prices for specialized ores.

Q3. Why does the unit price differ across Peru Precious Metal Ores Export 2025 Q2 partner countries?

Price differences stem from grade variations—China buys bulk, lower-grade ores at ~$2.15/kg, while South Korea and India purchase high-grade ores at $9.33/kg and $16.14/kg, respectively.

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

Exporters must prioritize retaining dominant high-volume buyers (90.6% of value) while diversifying into niche markets like South Korea and India to mitigate overreliance on China.

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

Chinese buyers benefit from stable bulk supply at low costs, while niche buyers (e.g., South Korea, India) secure high-grade ores but face limited availability and higher prices.

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

The ores are primarily traded as raw, unprocessed commodities for industrial refining, with prices tied to global metal indices rather than product differentiation.

Detailed Monthly Report

Peru HS2616 Export Snapshot 2025 APR

Peru HS2616 Export Snapshot 2025 MAY

Peru HS2616 Export Snapshot 2025 JUN