Peru Refined Petroleum HS2710 Export Data 2025 March Overview

Peru Refined Petroleum (HS 2710) 2025 March Export: Key Takeaways

Peru's Refined Petroleum exports (HS Code 2710) in March 2025 show a premium product focus, with the U.S. dominating as a high-value importer at 31.82% of export value, signaling strong demand for quality. The market exhibits tight geographic concentration, with regional neighbors like Chile and Colombia forming a secondary cluster due to proximity and trade networks. Buyer behavior leans toward strategic partnerships, emphasizing trade agreements like the US-Peru FTA to sustain competitive pricing. This analysis is based on cleanly processed Customs data from the yTrade database, covering March 2025 for accuracy and timeliness.

Peru Refined Petroleum (HS 2710) 2025 March Export Background

Peru’s Refined Petroleum (HS Code 2710), covering petroleum oils and oils from bituminous minerals (other than crude), fuels industries like transportation and manufacturing due to stable global demand. With Peru’s exports under HS 2710 reaching $2.06B in 2023, primarily to the U.S. and Panama, the country benefits from trade agreements like the US-Peru FTA, which maintains tariff preferences [FreightAmigo]. As of March 2025, Peru remains a competitive exporter, leveraging infrastructure upgrades and steady demand for refined fuels.

Peru Refined Petroleum (HS 2710) 2025 March Export: Trend Summary

Key Observations

Peru's Refined Petroleum exports under HS Code 2710 surged in March 2025, with volume nearly doubling to 607.22 million kg and value rising to $407.96 million, marking a sharp recovery from February's dip and highlighting robust monthly growth momentum.

Price and Volume Dynamics

The March 2025 data shows a month-over-month volume increase of 92% from February, while value rose by 98%, driven by heightened export activity rather than price shifts, as unit price held stable around $0.67/kg. This surge aligns with typical stock replenishment cycles in refined petroleum, where end-of-quarter export pushes often occur to meet seasonal demand in key markets like the U.S. and Latin America, per industry patterns. The consistency in unit price suggests balanced supply-demand dynamics, avoiding the volatility seen in crude-linked products.

External Context and Outlook

Existing trade agreements, such as the US-Peru Trade Promotion Agreement, continue to support export flows without major policy disruptions in March 2025 [OEC World], reinforcing Peru's position as a key refined petroleum exporter. Macro factors like global oil price stability and regional demand from partners like Brazil and Panama likely underpinned the March spike, with outlook remaining positive due to infrastructure investments and competitive trade terms.

Peru Refined Petroleum (HS 2710) 2025 March Export: HS Code Breakdown

Product Specialization and Concentration

In March 2025, Peru's export of refined petroleum under HS Code 2710 is heavily concentrated in non-light petroleum oils, specifically the sub-code for preparations containing at least 70% petroleum oils by weight. The dominant product, accounting for 39.4% of the export value, is a bulk heavy oil with a unit price of 1.07 USD per kilogram. This specialization is evident from its high shipment frequency and substantial weight share. Notably, three sub-codes with very low volumes and unit prices above 2.00 USD per kilogram are isolated as anomalies due to their minimal market impact.

Value-Chain Structure and Grade Analysis

The remaining sub-codes fall into two clear categories based on unit price and product description. Bulk heavy oils, with unit prices ranging from 0.46 to 1.07 USD per kilogram, represent the core export, indicating a trade in fungible commodities likely tied to global oil indices. Light oils, with slightly higher unit prices around 0.53 to 0.64 USD per kilogram, form a smaller segment, suggesting minor differentiation but still commodity-like characteristics. This structure shows Peru's export is primarily bulk-oriented with limited value-add stages.

Strategic Implication and Pricing Power

For Peru Refined Petroleum HS Code 2710 Export 2025 March, pricing power remains low for bulk products, urging focus on cost efficiency and volume scaling. The isolated high-price anomalies offer niche opportunities but with limited scale. [Import Globals] notes Peru's trade agreements enhance export competitiveness, supporting a strategy to leverage existing infrastructure for stable bulk shipments rather than pursuing high-margin diversification. (Import Globals)

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Peru Refined Petroleum (HS 2710) 2025 March Export: Market Concentration

Geographic Concentration and Dominant Role

The export of Peru Refined Petroleum HS Code 2710 in 2025 March is highly concentrated, with the United States as the dominant importer. The US accounts for 31.82% of the export value but only 19.97% of the weight, indicating a higher unit price of around 1.07 USD per kilogram and suggesting premium grade products compared to other destinations.

Partner Countries Clusters and Underlying Causes

Two main clusters emerge among partner countries. First, high-value importers like the United States, Japan, and Panama have strong demand and benefit from trade agreements or strategic locations for transshipment. Second, regional neighbors such as Chile, Colombia, and Bolivia show frequent but lower-value shipments, likely due to geographic proximity and integrated regional trade networks, reducing logistics costs.

Forward Strategy and Supply Chain Implications

Market players should prioritize relationships with key importers like the US, leveraging trade agreements such as the US-Peru FTA to minimize tariffs [FreightAmigo]. Enhancing logistics infrastructure can boost efficiency for regional exports, capitalizing on Peru's improved export readiness noted by (Import Globals). Focus on maintaining product quality to sustain premium pricing in major markets.

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Peru Refined Petroleum (HS 2710) 2025 March Export: Buyer Cluster

Buyer Market Concentration and Dominance

In March 2025, the Peru Refined Petroleum Export market under HS Code 2710 shows extreme concentration, with one segment of buyers—those making frequent, high-value purchases—dominating nearly all trade value at 99.81%. This group handles the majority of transactions and volume, indicating a market driven by regular, large-scale orders typical for commodities. The median transaction value is high, reflecting steady, bulk trade flows essential for this product.

Strategic Buyer Clusters and Trade Role

The other three segments play minor roles. Infrequent large buyers account for a small share, likely representing occasional bulk deals or spot purchases. Frequent small buyers contribute minimally, possibly involving local distributors or small-scale users with consistent but low-volume needs. Occasional minor buyers have negligible impact, perhaps from niche or testing orders, showing limited market penetration beyond the core dominant group.

Sales Strategy and Vulnerability

For exporters in Peru, the strategy must prioritize maintaining relationships with the dominant bulk buyers to secure stable revenue, but this reliance poses a risk if demand shifts. Opportunities exist to diversify into infrequent or small buyers to reduce vulnerability. The sales model should focus on direct, contract-based deals with major players, supported by Peru's trade agreements that facilitate exports [Import Globals], though no major policy changes affect HS Code 2710 in March 2025.

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Peru Refined Petroleum (HS 2710) 2025 March Export: Action Plan for Refined Petroleum Market Expansion

Strategic Supply Chain Overview

The Peru Refined Petroleum Export 2025 March under HS Code 2710 is a bulk commodity trade. Price is driven by global oil indices and product grade. The United States pays a premium for higher-quality shipments. Supply chain implications focus on secure, high-volume logistics. Peru acts as a processing hub for heavy oils. Reliance on a few bulk buyers creates vulnerability to demand shifts.

Action Plan: Data-Driven Steps for Refined Petroleum Market Execution

• Prioritize contract renewals with high-frequency bulk buyers. This secures stable revenue and ensures consistent export volume.
• Use trade data to identify and engage occasional large buyers in markets like Japan. This diversifies the customer base and reduces dependency on dominant partners.
• Monitor product grade and pricing trends for shipments to the US. This maintains premium pricing and maximizes value from quality-driven markets.
• Leverage Peru's trade agreements to streamline logistics for regional neighbors. This cuts costs and strengthens competitiveness in nearby markets.
• Analyze shipment frequency to anticipate inventory cycles and avoid overstock. This optimizes storage costs and aligns production with demand patterns.

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Frequently Asked Questions

Q1. What is driving the recent changes in Peru Refined Petroleum Export 2025 March?

The surge in Peru's refined petroleum exports in March 2025 is driven by a 92% volume increase and 98% value rise, reflecting end-of-quarter stock replenishment cycles in key markets like the U.S. and Latin America, with stable unit prices indicating balanced supply-demand dynamics.

Q2. Who are the main partner countries in this Peru Refined Petroleum Export 2025 March?

The United States dominates with 31.82% of export value, followed by Japan and Panama, while regional neighbors like Chile, Colombia, and Bolivia show frequent but lower-value shipments.

Q3. Why does the unit price differ across Peru Refined Petroleum Export 2025 March partner countries?

Price differences stem from product specialization: bulk heavy oils (0.46–1.07 USD/kg) form the core export, while the U.S. commands a premium (1.07 USD/kg) for higher-grade products.

Q4. What should exporters in Peru focus on in the current Refined Petroleum export market?

Exporters must prioritize relationships with dominant bulk buyers (99.81% of trade value) to ensure stable revenue, while exploring niche opportunities from high-price anomalies for limited diversification.

Q5. What does this Peru Refined Petroleum export pattern mean for buyers in partner countries?

Buyers in the U.S. benefit from premium-grade shipments, while regional partners rely on cost-efficient bulk flows, with Peru’s trade agreements ensuring consistent supply and competitive pricing.

Q6. How is Refined Petroleum typically used in this trade flow?

Peru’s exports are primarily bulk-oriented heavy oils for commodity markets, with minor light oil segments, indicating use in industrial energy or transportation fuel sectors.