Peru Precious Metal Ores HS261690 Export Data 2025 June Overview

Peru Precious Metal Ores (HS 261690) 2025 June Export: Key Takeaways

Peru's precious metal ores (HS Code 261690) exports in June 2025 reveal extreme geographic concentration, with China Mainland absorbing 99.93% of volume at lower unit prices (2.51 USD/kg), signaling bulk industrial demand, while India's niche purchases command a premium (15.59 USD/kg). This heavy reliance on China creates supply chain vulnerability, highlighting the urgent need for market diversification. Analysis of cleanly processed Customs data from the yTrade database confirms these trends for June 2025, underscoring both the dominance of a single buyer and the untapped potential in higher-value markets.

Peru Precious Metal Ores (HS 261690) 2025 June Export Background

What is HS Code 261690?

HS Code 261690 covers precious metal ores and concentrates, excluding silver. These ores are critical raw materials for industries such as electronics, jewelry, and automotive manufacturing, where gold, platinum, and other precious metals are essential. Global demand remains stable due to their use in high-value applications and as safe-haven investments. Peru, a key producer, leverages its mineral-rich geology to supply these ores to international markets, particularly under HS Code 261690.

Current Context and Strategic Position

In June 2025, Peru's export landscape for precious metal ores (HS Code 261690) is shaped by evolving trade policies. The EU recently updated preferential trade rules with Peru, Colombia, and Ecuador to align with HS 2022 classifications, potentially affecting origin requirements [European Commission]. Meanwhile, the U.S. introduced a 10% baseline tariff on imports, though Peru secured exemptions for certain agricultural products, leaving mineral exports like HS Code 261690 exposed to potential trade barriers [EY Tax News]. Peru’s role as a leading exporter of these ores underscores the need for market vigilance in 2025, particularly amid shifting global tariff dynamics and competitive pressures.

Peru Precious Metal Ores (HS 261690) 2025 June Export: Trend Summary

Key Observations

Peru's Precious metal ores HS Code 261690 Export in June 2025 reached a value of 342.98 million USD with a volume of 136.04 million kg, marking a solid recovery from May's figures and aligning with mid-year mining output increases typical for this industry.

Price and Volume Dynamics

The month-over-month growth from May to June saw value climb by 18% and volume by 21%, reversing the dip observed in April. This pattern reflects seasonal mining cycles where production often peaks in the second quarter due to improved weather conditions and operational efficiencies, driving export volumes higher after a slower start to the year.

External Context and Outlook

External trade developments, such as the EU-Colombia, Peru, and Ecuador preferential trade update under HS 2022 [taxation-customs.ec.europa.eu], are likely supporting export stability by streamlining rules of origin. Coupled with US tariff exemptions that may indirectly benefit broader trade flows, these factors could sustain demand for Peru's precious metal ores in the coming months, though market volatility from global economic shifts remains a watch point.

Peru Precious Metal Ores (HS 261690) 2025 June Export: HS Code Breakdown

Product Specialization and Concentration

In June 2025, Peru's exports under HS Code 261690 were entirely dominated by a single product, sub-code 2616901000, which is "Precious metal ores and concentrates; (excluding silver)". According to yTrade data, this sub-code represented 100% of the export value at $342.98 million and weight at 136.04 million kilograms, with a unit price of $2.52 per kilogram, indicating a highly specialized and concentrated market for Peru Precious metal ores Export in this period.

Value-Chain Structure and Grade Analysis

With no other sub-codes present, the export structure is monolithic, consisting solely of raw precious metal ores in bulk form. This uniformity suggests a trade in fungible commodities, where products are largely undifferentiated and likely priced based on global indices rather than value-added characteristics. The lack of variation implies no significant grade or processing differences within this HS Code for Peru's exports in June 2025.

Strategic Implication and Pricing Power

Peru's export strategy for HS Code 261690 is constrained by its commodity nature, offering limited pricing power due to reliance on international market fluctuations. Focus should be on cost efficiency in extraction and logistics, as well as potential diversification into higher-value segments. The news context does not provide direct support for strategic shifts, so maintaining existing trade relationships remains key.

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Peru Precious Metal Ores (HS 261690) 2025 June Export: Market Concentration

Geographic Concentration and Dominant Role

In June 2025, Peru's exports of precious metal ores under HS Code 261690 were extremely concentrated, with China Mainland accounting for 99.93% of the weight but only 99.54% of the value, indicating a lower unit price of about 2.51 USD per kilogram. This suggests China is the dominant buyer, likely purchasing bulk, standard-grade ores for industrial use.

Partner Countries Clusters and Underlying Causes

The export destinations form two clear clusters: China, which handles nearly all volume at lower prices due to its massive manufacturing demand for raw materials, and India, with a tiny share but higher unit price of 15.59 USD per kilogram, possibly for specialized or refined ore needs. This split reflects China's role as a primary processor and India's niche, high-value market.

Forward Strategy and Supply Chain Implications

Peru's heavy reliance on China for precious metal ores exports creates supply chain vulnerability; diversifying to other markets like the US or EU could reduce risk and capture higher-value opportunities. Recent trade updates, such as the EU-Colombia-Peru-Ecuador preferential agreement [EU Taxation and Customs Union], may support this shift by easing access to new regions.

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Peru Precious Metal Ores (HS 261690) 2025 June Export: Buyer Cluster

Buyer Market Concentration and Dominance

In June 2025, the Peru Precious metal ores Export market for HS Code 261690 shows extreme concentration among four segments of buyers. yTrade data reveals that high-value, high-frequency buyers dominate, holding 98.56% of the export value. These buyers, including companies like Trafigura Peru, conduct frequent and large transactions, defining a market where a few key players drive nearly all trade activity. This concentration suggests a commodity market reliant on major traders for stability and volume.

Strategic Buyer Clusters and Trade Role

The other buyer segments play minor roles. Low-value, high-frequency buyers account for 20% of transactions but only 1.18% of value, representing smaller firms that purchase regularly but in modest amounts, such as Metalla S.A.C. Low-value, low-frequency buyers are negligible, with just 0.25% value share, indicating occasional, small-scale purchases by entities like Metco Trading. The absence of high-value, low-frequency buyers means no infrequent large deals occur, reinforcing the market's focus on consistent, high-volume trade typical for commodities.

Sales Strategy and Vulnerability

For Peruvian exporters, strategic focus must prioritize nurturing relationships with dominant buyers to secure steady revenue, but this creates vulnerability to demand shifts from a few clients. Diversifying into smaller, regular buyers could mitigate risk. Trade policy changes, like the EU's update to rules of origin [EU Taxation and Customs Union], may offer opportunities by easing access to key markets, though direct impacts on ores are unclear. Sales should emphasize reliability and volume to align with buyer expectations.

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Peru Precious Metal Ores (HS 261690) 2025 June Export: Action Plan for Precious Metal Ores Market Expansion

Strategic Supply Chain Overview

The Peru Precious metal ores Export under HS Code 261690 in June 2025 operates as a pure commodity market. Price is driven by global indices and bulk volume discounts, not product differentiation. The supply chain is highly vulnerable due to extreme concentration. A single product sub-code (2616901000) serves one dominant buyer type (high-value, high-frequency traders) and one primary destination (China). This creates reliance on international price swings and Chinese industrial demand. Peru functions as a bulk supplier with minimal pricing power.

Action Plan: Data-Driven Steps for Precious metal ores Market Execution

• Analyze buyer transaction frequency data to forecast demand cycles. This prevents over-reliance on a few major traders and helps manage inventory levels efficiently.
• Use HS Code sub-level data to explore potential premium-grade ore opportunities. This allows Peru to target higher-value markets like India and move beyond bulk commodity pricing.
• Leverage trade agreement updates (like the EU-Peru deal) to identify new destination markets. This reduces geographic concentration risk and diversifies revenue streams away from China.
• Monitor real-time shipping and logistics data to optimize supply chain costs. This maintains competitiveness in a low-margin bulk ore export environment.
• Track competitor export data for HS Code 261690 to benchmark pricing and volume. This provides intelligence to negotiate better terms with major buyers and protect market share.

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 June?

Peru's Precious metal ores exports surged by 18% in value and 21% in volume from May to June 2025, reflecting seasonal mining output peaks and improved operational efficiencies typical for mid-year production cycles.

Q2. Who are the main partner countries in this Peru Precious metal ores Export 2025 June?

China Mainland dominated with 99.54% of export value, while India accounted for a negligible share but paid a higher unit price of $15.59/kg compared to China’s $2.51/kg.

Q3. Why does the unit price differ across Peru Precious metal ores Export 2025 June partner countries?

The price gap stems from China’s bulk purchases of standard-grade ores for industrial use, while India’s smaller orders likely target specialized or refined ores, commanding a premium.

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

Exporters must prioritize relationships with high-value, high-frequency buyers like Trafigura Peru (98.56% of trade value) while diversifying to smaller buyers and exploring markets beyond China to mitigate reliance risks.

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 prices, whereas niche buyers (e.g., India) face limited availability but access higher-grade ores. Both rely on Peru’s concentrated production.

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

The exports consist solely of raw, bulk ores (HS 2616901000), primarily destined for industrial processing, with no value-added products or refined grades observed in the trade data.