Peru Precious Metal Ores HS261690 Export Data 2025 September Overview

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

Peru's precious metal ores (HS Code 261690) exports in September 2025 reveal extreme buyer concentration, with China Mainland dominating 99.78% of trade value, securing bulk shipments at a commodity-grade 3.53 USD/kg. India’s minor 0.22% share suggests niche demand at higher unit prices (13.40 USD/kg), highlighting China’s role as the industrial bulk buyer. This analysis, covering September 2025, is based on cleanly processed Customs data from the yTrade database.

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

What is HS Code 261690?

HS Code 261690 covers precious metal ores and concentrates, excluding silver. These materials are critical inputs for industries like jewelry, electronics, and automotive manufacturing, where gold and other precious metals are essential. Global demand remains stable due to their use in high-value applications and as safe-haven assets.

Current Context and Strategic Position

In 2025, Peru's trade policy saw updates, including EU rule-of-origin adjustments under the Harmonized System 2022, affecting preferential trade for products like HS Code 261690 [EU Taxation]. While a U.S. tariff exemption in November 2025 targeted agricultural exports, precious metal ores were not explicitly included [Investing.com]. Peru remains a key global supplier of precious metal ores, making exports under HS Code 261690 vital to its economy. Market vigilance is essential amid shifting trade policies and global demand trends in September 2025.

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

Key Observations

In September 2025, Peru's exports of precious metal ores under HS Code 261690 reached 254.07 million USD in value with a volume of 71.89 million kg, showing a mixed performance amid evolving trade conditions.

Price and Volume Dynamics

Month-over-month, the value increased by 3.4% from August's 245.78 million USD, while volume dropped sharply by 24.7% from 95.47 million kg, indicating higher unit prices likely driven by global precious metal market rallies typical in Q3 due to seasonal investment demand. Year-to-date, the September figures reflect a stabilization after volatile swings earlier in 2025, consistent with mining output cycles and inventory adjustments in the ore sector.

External Context and Outlook

The slight value uptick aligns with broader trade policy shifts, such as the EU's updated rules of origin [EC Taxation] effective August 2025, which may enhance export efficiency for Peruvian ores. However, US tariff exemptions focused on agricultural products (EY Tax News) leave precious metals exposed to baseline tariffs, sustaining competitiveness pressures. Moving forward, global metal price fluctuations and currency effects will remain key drivers for Peru Precious metal ores HS Code 261690 Export 2025 September trends.

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

Product Specialization and Concentration

In September 2025, Peru's export of precious metal ores under HS Code 261690 is entirely dominated by a single product type, specifically sub-code 2616901000 for precious metal ores and concentrates excluding silver. According to yTrade data, this product accounts for all export activity, with a unit price of 3.53 USD per kilogram, indicating a standardized commodity trade without significant price variations or anomalies. The concentration reflects a highly specialized export focus for Peru in this period.

Value-Chain Structure and Grade Analysis

The export structure under HS Code 261690 consists solely of raw, unprocessed precious metal ores, which are typical bulk commodities with no differentiation in value-add stages or quality grades. This suggests a trade in fungible goods, where pricing is likely linked to global commodity indices rather than product-specific features, emphasizing a low level of processing or refinement.

Strategic Implication and Pricing Power

For Peru's precious metal ores export under HS Code 261690 in September 2025, the commodity nature implies limited pricing power for exporters, as prices are driven by external market forces rather than product differentiation. Strategic focus should remain on cost efficiency and volume optimization to compete effectively in global markets.

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

Geographic Concentration and Dominant Role

In September 2025, Peru's export of precious metal ores under HS Code 261690 is overwhelmingly dominated by China Mainland, which accounts for 99.78% of the export value and 99.94% of the weight. The slight disparity where the value ratio is lower than the weight ratio suggests that China purchases these ores in bulk at a lower unit price, approximately 3.53 USD/kg, indicating a commodity-grade trade where volume drives the market.

Partner Countries Clusters and Underlying Causes

The export partners form two clear clusters: China as the primary importer due to its massive industrial demand for raw materials, and India as a minor player with only 0.22% value share but a higher unit price of about 13.40 USD/kg. This pattern likely stems from China's role as a bulk consumer in global supply chains, while India's smaller, possibly higher-quality or niche purchases cater to specific refining or domestic needs.

Forward Strategy and Supply Chain Implications

For Peru, maintaining strong export ties with China is crucial, but diversifying to other markets could mitigate over-reliance. While general trade updates like the EU-Peru agreement [taxation-customs.ec.europa.eu] may offer alternative routes, they do not directly impact precious metal ores. Exporters should monitor global tariff changes, such as US policies (taxnews.ey.com), to avoid potential disruptions and explore opportunities in emerging markets.

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

Buyer Market Concentration and Dominance

In September 2025, Peru's export of Precious metal ores under HS Code 261690 is heavily concentrated, with high-value, high-frequency buyers dominating the market by capturing 97% of the total export value, as per yTrade data. This segment, represented by companies like Trafigura Peru S.A.C. and Humon Latin America S.A., drives the bulk of trade, indicating a market where a few key players control most transactions. The overall buyer structure for these four segments shows that median export values are skewed towards large, frequent purchases, typical for commodity exports like precious metal ores.

Strategic Buyer Clusters and Trade Role

The other buyer segments play smaller but distinct roles. High-value, low-frequency buyers, such as Andina Trade S.A.C., likely engage in infrequent large-scale deals, possibly for specific mining projects or bulk shipments. Low-value, high-frequency buyers, like Optamine S.A.C., represent smaller firms making regular but modest purchases, often for steady supply needs. Low-value, low-frequency buyers, including Ya Mei Negocios Internacionales S.A.C., are occasional small-scale purchasers, perhaps exploring the market or handling niche orders, which is common in commodity trades where entry barriers are low for minor players.

Sales Strategy and Vulnerability

For Peruvian exporters, the strategy should prioritize nurturing relationships with dominant high-value buyers to secure stable revenue, while monitoring risks like potential US tariff impacts, as recent exemptions focus on agricultural products [Sahm Capital], not precious metals. Opportunities exist in leveraging updated EU trade rules for origin qualifications (EU Taxation and Customs Union), which could facilitate smoother exports. The sales model must remain direct and focused on key accounts, reducing vulnerability to market shifts from smaller, less reliable buyers.

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

Strategic Supply Chain Overview

Peru's Precious metal ores Export 2025 September under HS Code 261690 operates as a bulk commodity trade. Price is driven by global indices and China's industrial demand. Supply chain implications include high reliance on a single market and limited pricing power. Exporters must prioritize cost efficiency and volume to compete.

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

• Monitor buyer purchase frequency data to anticipate order cycles and optimize inventory levels, preventing stockouts or overstock situations.
• Analyze unit price variations by destination to identify premium markets beyond China, such as India, and adjust sales focus to capture higher margins.
• Track key buyer clusters like Trafigura Peru S.A.C. for contract renewal timing, ensuring stable revenue streams from high-value accounts.
• Use trade agreement updates (e.g., EU rules) to explore certification opportunities for smoother export processes, reducing administrative delays.
• Leverage HS Code 261690 shipment data to forecast China's demand shifts, enabling proactive volume adjustments to avoid price volatility risks.

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 September?

The 3.4% month-over-month value increase despite a 24.7% volume drop reflects higher unit prices, likely tied to global precious metal market rallies and seasonal investment demand in

Q3.

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

China dominates with 99.78% of export value, while India accounts for just 0.22%, highlighting extreme geographic concentration.

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

China’s bulk purchases of unprocessed ores (HS 2616901000) trade at 3.53 USD/kg, while India’s smaller, possibly niche shipments command 13.40 USD/kg, suggesting quality or demand variations.

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

Prioritize relationships with high-value buyers like Trafigura Peru S.A.C., which drive 97% of trade, while monitoring risks like US tariff policies that exclude precious metals.

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

China’s bulk purchases ensure stable supply at commodity prices, whereas India’s niche role offers opportunities for higher-grade or specialized ore procurement.

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

The exports consist solely of raw, unprocessed ores (HS 2616901000), indicating their use as feedstock for refining or industrial production abroad.