Peru Refined Petroleum HS2710 Export Data 2025 Q1 Overview

Peru Refined Petroleum (HS 2710) 2025 Q1 Export: Key Takeaways

Peru's Refined Petroleum (HS Code 2710) exports in 2025 Q1 show Japan as the dominant market, accounting for 21.06% of export value, reflecting stable demand for mid-tier commodity-grade products. The market exhibits high geographic concentration, with key clusters in industrialized economies and regional neighbors, suggesting both opportunity and risk. This analysis, covering 2025 Q1, is based on cleanly processed Customs data from the yTrade database.

Peru Refined Petroleum (HS 2710) 2025 Q1 Export Background

Peru’s Refined Petroleum (HS Code 2710), which includes petroleum oils and oils from bituminous minerals (other than crude), fuels transportation, manufacturing, and energy sectors globally, ensuring steady demand. With global oil prices fluctuating, Peru’s 2025 Q1 Export strategy for this product gains importance as the country leverages its refining capacity to meet regional and international needs, positioning itself as a key supplier in Latin America’s energy trade.

Peru Refined Petroleum (HS 2710) 2025 Q1 Export: Trend Summary

Key Observations

Peru's Refined Petroleum exports under HS Code 2710 showed strong overall performance in 2025 Q1, despite a volatile monthly pattern. Total export value reached $874.6M, with March volumes surging to over 607M kg after a mid-quarter dip.

Price and Volume Dynamics

Unit prices fluctuated between $0.65–0.69/kg across the quarter, with February seeing both the lowest price and volume. The sharp rebound in March—with volume up 92% month-on-month—likely reflects renewed regional demand or inventory restocking cycles common in refined fuel markets. This recovery underscores the sector’s responsiveness to short-term buying cycles and logistics adjustments.

External Context and Outlook

Global crude oil price trends and refining margins remain influential for Peru’s export pricing. Regional economic activity and seasonal energy demand in key import markets may continue to drive volatility. Looking ahead, sustained export momentum will depend on stable production and competitive pricing in the international market for Refined Petroleum.

Peru Refined Petroleum (HS 2710) 2025 Q1 Export: HS Code Breakdown

Product Specialization and Concentration

Peru's Refined Petroleum HS Code 2710 Export in 2025 Q1 is heavily concentrated in specialized heavy oils. The dominant product is "Petroleum oils and oils from bituminous minerals, not containing biodiesel, not crude, not waste oils; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; not light oils and preparations" (HS 2710191510), which holds a 32% value share despite a 22% weight share. This signals a specialization in higher-value heavy oils, priced at $0.98 per kg, above the average for bulk shipments.

Value-Chain Structure and Grade Analysis

The export structure reveals three clear product grades. Light oils (e.g., HS 2710121900) form a high-volume, lower-value segment at $0.63 per kg. Mid-range heavy oils (e.g., HS 2710192210) offer moderate pricing around $0.49 per kg. A small premium tier (e.g., HS 2710193800) commands over $2.21 per kg for specialized preparations. This mix shows Peru exports both standardized bulk commodities and differentiated products, with pricing tied to quality and refinement level rather than pure volume.

Strategic Implication and Pricing Power

Peru's export profile for Refined Petroleum in 2025 Q1 suggests strong pricing power in niche heavy oil markets, while light oils compete on volume. Suppliers should focus on maintaining quality consistency for premium grades to justify higher margins. Buyers seeking cost-effective bulk shipments have options in the light oil segment. The market’s duality allows Peru to balance stable revenue from commodities with premium returns from specialized products.

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Peru Refined Petroleum (HS 2710) 2025 Q1 Export: Market Concentration

Geographic Concentration and Dominant Role

Peru's Refined Petroleum HS Code 2710 Export 2025 Q1 is highly concentrated, with Japan as the dominant market by value, accounting for 21.06% of export value. Japan's value ratio is slightly lower than its weight ratio (21.06 vs. 22.84), indicating a standard commodity grade with consistent pricing per kilogram. This pattern suggests Japan sources large volumes of reliable, mid-tier refined products from Peru during this period.

Partner Countries Clusters and Underlying Causes

The top partners form three clusters: first, Japan, Panama, and the United States, with high value and frequency, likely due to strong demand from industrialized economies and Panama's role as a logistics hub. Second, Bolivia, Chile, and Colombia, as regional neighbors, show moderate ratios, probably driven by geographic proximity and existing trade agreements easing distribution. Third, South Korea, China, Brazil, and Spain have lower ratios, possibly reflecting newer or smaller-scale trade relationships with varying product specifications.

Forward Strategy and Supply Chain Implications

For Peru, maintaining stable supply to key markets like Japan and the US is crucial, while optimizing logistics through hubs like Panama can reduce costs. Diversifying into regional clusters may hedge against global price swings, but focus should remain on consistent quality to uphold commodity-grade exports. Players should monitor demand shifts in Asia and Europe for potential expansion opportunities.

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Peru Refined Petroleum (HS 2710) 2025 Q1 Export: Buyer Cluster

Buyer Market Concentration and Dominance

The Peru Refined Petroleum Export 2025 Q1 market (HS Code 2710) is extremely concentrated. A single group of buyers, those making large and frequent purchases, dominates trade. This segment accounts for 99.9% of the total export value. It defines the market's core characteristic: a few major players drive nearly all revenue through consistent, high-volume transactions.

Strategic Buyer Clusters and Trade Role

The remaining three segments of buyers play minor roles. A second group makes large but infrequent purchases, suggesting occasional bulk buyers or spot market traders. A third group consists of frequent but very small buyers, likely representing local distributors or industrial end-users with steady but minimal needs. The final group makes small, one-off purchases, which could be for testing, niche applications, or trial orders.

Sales Strategy and Vulnerability

For the Peruvian exporter, the sales strategy must focus on maintaining strong relationships with the dominant large-volume buyers. The extreme reliance on this single segment creates a high vulnerability to any demand shift or contract cancellation from these key clients. The market structure supports a sales model built on securing long-term supply contracts to ensure stability, rather than pursuing a broad base of small clients.

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Peru Refined Petroleum (HS 2710) 2025 Q1 Export: Action Plan for Refined Petroleum Market Expansion

Strategic Supply Chain Overview

The Peru Refined Petroleum Export 2025 Q1 (HS Code 2710) demonstrates a dual market structure. Price is driven by product grade specialization—premium heavy oils command higher margins while light oils compete on volume. Japan’s dominance as a bulk buyer underscores reliance on consistent commodity-grade supply. Geopolitical stability and regional trade partnerships further influence pricing. Supply chain implications center on securing long-term contracts with major buyers to mitigate vulnerability, while optimizing logistics through hubs like Panama to maintain cost-efficient distribution.

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

• Use HS Code 2710 detail to track premium heavy oil demand; adjust production to maximize margin from high-value grades.
• Monitor large-volume buyer purchase cycles via trade data; align inventory to prevent overstock or shortfalls during contract renewals.
• Analyze Japan and US import patterns for consistency; secure multi-year supply agreements to ensure revenue stability.
• Evaluate regional partners like Bolivia and Chile for logistics synergies; reduce transport costs through aggregated shipments.
• Screen for new buyers in underpenetrated markets (e.g., South Korea); diversify client base to decrease reliance on top importers.

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Frequently Asked Questions

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

Peru's Refined Petroleum exports surged 92% in March 2025 after a mid-quarter dip, likely due to regional demand shifts or inventory restocking. The market remains volatile, with unit prices fluctuating between $0.65–0.69/kg, influenced by global crude oil trends and seasonal energy demand.

Q2. Who are the main partner countries in this Peru Refined Petroleum Export 2025 Q1?

Japan dominates with a 21.06% share of export value, followed by Panama and the United States as key industrialized and logistics hubs. Regional neighbors like Bolivia, Chile, and Colombia also feature prominently due to geographic proximity.

Q3. Why does the unit price differ across Peru Refined Petroleum Export 2025 Q1 partner countries?

Price differences stem from Peru’s export mix: light oils average $0.63/kg, mid-range heavy oils $0.49/kg, and premium specialized preparations command over $2.21/kg. Japan’s slightly lower value-to-weight ratio reflects its focus on standardized mid-tier products.

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

Exporters must prioritize securing long-term contracts with large-volume buyers (99.9% of trade value) to mitigate reliance on a few dominant clients. Maintaining quality consistency for premium heavy oils ($0.98/kg) is critical to uphold pricing power.

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

Buyers in Japan and the US benefit from stable, commodity-grade supply, while niche buyers can access specialized heavy oils at premium prices. Regional partners like Chile and Colombia gain cost-effective bulk options due to proximity.

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

Peru’s exports serve industrial energy needs, with light oils likely used for fuel and heavy oils for specialized applications like lubricants or chemical feedstocks. Premium grades cater to high-margin niche markets.

Detailed Monthly Report

Peru HS2710 Export Snapshot 2025 JAN

Peru HS2710 Export Snapshot 2025 FEB

Peru HS2710 Export Snapshot 2025 MAR