Peru Precious Metal Ores HS261690 Export Data 2025 Q2 Overview

Peru Precious Metal Ores (HS 261690) 2025 Q2 Export: Key Takeaways

Peru's Precious metal ores (HS Code 261690) Export in 2025 Q2 shows extreme geographic concentration, with CHINA MAINLAND absorbing 99.89% of volume at a steady 2.46 USD/kg, signaling bulk commodity pricing. The market hinges on China's industrial demand, creating vulnerability to geopolitical or demand shifts, while India's niche presence hints at specialized higher-grade purchases. This analysis covers 2025 Q2 and is based on cleanly processed Customs data from the yTrade database.

Peru Precious Metal Ores (HS 261690) 2025 Q2 Export Background

What is HS Code 261690?

HS Code 261690 covers precious metal ores and concentrates, excluding silver, such as gold ores. These materials are critical for industries like electronics, jewelry, and renewable energy, driving steady global demand. Peru, a key producer, leverages its mineral-rich reserves to supply these high-value commodities to international markets.

Current Context and Strategic Position

In Q2 2025, Peru’s trade policy for HS Code 261690 saw updates under the EU-Columbia-Peru-Ecuador Trade Agreement, aligning rules of origin with the HS 2022 system [European Commission]. This revision ensures preferential treatment for exports, reinforcing Peru’s role as a strategic supplier of precious metal ores. With global tariffs and raw material restrictions evolving (OECD), vigilance is essential for exporters navigating Peru’s 2025 trade landscape.

Peru Precious Metal Ores (HS 261690) 2025 Q2 Export: Trend Summary

Key Observations

Peru's Precious metal ores HS Code 261690 Export in 2025 Q2 totaled approximately 797 million USD in value and 322 million kg in weight, marking a noticeable decline from the robust first quarter.

Price and Volume Dynamics

The quarter-over-quarter drop in both value and volume reflects typical seasonal volatility in mining output, where Q1 often sees higher production due to favorable weather conditions and stock replenishment cycles. This pattern is common for precious metal ores, as export flows can fluctuate with mining schedules and global price adjustments, leading to the observed decrease in Q2.

External Context and Outlook

External policy shifts contributed to this trend, including the EU's update to trade rules under the Harmonised System 2022, which revised origin requirements for preferential treatment [EU Taxation and Customs Union], and the US imposition of a 10% tariff on all imports (EY Tax News), potentially increasing export costs and creating uncertainty. These factors likely exacerbated the Q2 downturn, with ongoing trade adjustments expected to influence future performance.

Peru Precious Metal Ores (HS 261690) 2025 Q2 Export: HS Code Breakdown

Product Specialization and Concentration

According to yTrade data, the export of Peru Precious metal ores under HS Code 261690 in 2025 Q2 is heavily concentrated in the sub-code 2616901000 for "Precious metal ores and concentrates; (excluding silver)", which holds over 99% of the weight and value share. This sub-code has a unit price of 2.47 USD per kilogram. A minor sub-code, 2616909000 with the same description, shows a much higher unit price of 9.03 USD per kilogram but accounts for less than 1% of the trade, indicating an isolated anomaly in the data.

Value-Chain Structure and Grade Analysis

The export structure for Peru Precious metal ores HS Code 261690 Export 2025 Q2 is split into two clear categories based on unit price: the dominant bulk-grade ores at 2.47 USD/kg and a tiny volume of higher-priced material at 9.03 USD/kg. This setup points to a trade in fungible bulk commodities, where the primary exports are raw ores likely priced against global indices, with minimal differentiation or value-added processing.

Strategic Implication and Pricing Power

For Peru's 2025 Q2 exports of precious metal ores, the high reliance on low-unit-price bulk goods means limited pricing power for exporters, as prices are driven by commodity markets. Strategic focus should remain on optimizing production costs and securing stable trade routes, rather than investing in product differentiation.

Check Detailed HS 261690 Breakdown

Peru Precious Metal Ores (HS 261690) 2025 Q2 Export: Market Concentration

Geographic Concentration and Dominant Role

In 2025 Q2, Peru's export of Precious metal ores under HS Code 261690 is heavily concentrated, with CHINA MAINLAND dominating at 99.89% of the weight and 99.31% of the value. The small gap between value and weight ratios points to China securing bulk purchases at a steady, likely competitive unit price, around 2.46 USD per kilogram, which is common for commodity trades like precious metal ores where volume drives deals.

Partner Countries Clusters and Underlying Causes

The export flow splits into two clusters: China as the massive volume hub and India as a niche player. China's near-total share stems from its vast industrial demand for raw materials, often for refining or manufacturing. India's tiny 0.11% weight share but relatively higher value contribution suggests it might be buying smaller, possibly higher-grade batches, perhaps for specialized uses like jewelry or limited processing needs.

Forward Strategy and Supply Chain Implications

Relying almost entirely on China for Peru Precious metal ores exports in 2025 Q2 creates vulnerability to demand shifts or geopolitical tensions. To reduce risk, exploring markets under trade pacts like the updated EU-Peru agreement [EU Taxation and Customs] could help diversify. Also, watching global tariff changes, such as US hikes (US tariffs), may affect indirect trade routes and pricing.

Table: Peru Precious Metal Ores (HS 261690) Top Partner Countries (Source: yTrade)

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Peru Precious Metal Ores (HS 261690) 2025 Q2 Export: Buyer Cluster

Buyer Market Concentration and Dominance

According to yTrade data, the Peru Precious metal ores Export market in 2025 Q2 under HS Code 261690 is overwhelmingly dominated by one segment of buyers, which accounts for 98.61% of the total export value. This group consists of buyers who make large, frequent purchases, driving the market with high-volume transactions. The four segments of buyers reveal that the market is highly concentrated, with most activity centered on this key player.

Strategic Buyer Clusters and Trade Role

The other buyer segments include a small set of buyers who make frequent but low-value purchases, likely representing smaller traders or local operators. Another segment involves buyers with infrequent and low-value transactions, which may indicate opportunistic or niche market participants. There is no significant presence of buyers making high-value but rare purchases, which aligns with typical commodity trade patterns for precious metal ores.

Sales Strategy and Vulnerability

Exporters in Peru should focus on strengthening ties with the dominant large buyers to secure steady sales, but must also consider diversifying their buyer base to reduce dependency risks. Monitoring trade policy changes, such as the recent EU-Peru agreement update [EU Taxation and Customs] and potential US tariff impacts (EY Tax News), is crucial for adapting sales strategies to leverage opportunities and mitigate external threats.

Table: Peru Precious Metal Ores (HS 261690) Key Buyer Companies (Source: yTrade)

Check Full Precious metal ores Buyer lists

Peru Precious Metal Ores (HS 261690) 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 261690 operates as a bulk commodity market. Prices are driven by global indices and the low-grade quality of the dominant ore shipments. China's near-total dominance as a buyer creates high exposure to its demand cycles and geopolitical risks. The supply chain implication is a focus on high-volume, low-cost logistics to processing hubs, with minimal value addition within Peru.

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

• Use HS Code 261690 sub-code data to identify premium-priced batches (like 2616909000). Target buyers for these grades to increase profit margins beyond bulk commodity pricing.
• Analyze buyer frequency patterns to anticipate order cycles from major clients. Align production and logistics to avoid delays and capitalize on high-demand periods.
• Monitor trade agreement updates, like the EU-Peru pact, using customs data. Identify new potential buyers in Europe to reduce dependency on a single market.
• Track global tariff changes, especially US rates, through trade news feeds. Adjust pricing strategies to protect competitiveness if indirect trade routes are affected.
• Develop a buyer diversification dashboard using export records. Actively recruit smaller, frequent buyers to build a resilient secondary client base.

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 Q2?

The Q2 decline in value and volume reflects seasonal mining volatility, compounded by external factors like EU trade rule updates and US tariff hikes, which disrupted export flows.

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

China dominates with 99.31% of export value, while India accounts for a minor 0.11% share, likely sourcing niche higher-grade batches.

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

The bulk-grade sub-code 2616901000 (2.47 USD/kg) drives China’s low unit price, while India’s higher price aligns with the rare 2616909000 sub-code (9.03 USD/kg).

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

Exporters must secure ties with dominant bulk buyers in China but diversify to mitigate risks from over-reliance, leveraging trade pacts like the EU-Peru agreement.

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

Chinese buyers benefit from stable bulk supply at competitive rates, while niche buyers (e.g., India) face limited high-grade options but pay premium prices.

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

The bulk exports to China suggest industrial refining or manufacturing use, whereas India’s smaller volumes may serve specialized sectors like jewelry.

Detailed Monthly Report

Peru HS261690 Export Snapshot 2025 APR

Peru HS261690 Export Snapshot 2025 MAY

Peru HS261690 Export Snapshot 2025 JUN