Peru Silver Bullion HS7106 Export Data 2025 April Overview

Peru Silver Bullion (HS 7106) 2025 April Export: Key Takeaways

Peru's Silver Bullion exports (HS Code 7106) in April 2025 reveal a high-value, concentrated trade with Switzerland dominating as the top importer, receiving premium-grade shipments. The market shows stable demand, driven by financial and industrial hubs, while buyer concentration in key regions like Switzerland, Brazil, and the U.S. underscores both opportunity and risk. This analysis, covering April 2025, is based on cleanly processed Customs data from the yTrade database.

Peru Silver Bullion (HS 7106) 2025 April Export Background

Silver Bullion (HS Code 7106) covers silver in unwrought or semi-manufactured forms, including powder, and is critical for industries like electronics, jewelry, and investment due to its stable global demand. Under the US-Peru Free Trade Agreement, Peru—the world’s 23rd-largest silver exporter—enjoys preferential tariffs for HS Code 7106 exports, reinforcing its role in the 2025 trade landscape [OEC]. With no major April 2025 policy shifts reported, Peru’s silver trade remains a key opportunity under existing frameworks.

Peru Silver Bullion (HS 7106) 2025 April Export: Trend Summary

Key Observations

Peru Silver Bullion (HS Code 7106) exports surged in April 2025, with volume climbing 18% month-over-month to 42.97K kg—the highest monthly level so far this year. This growth occurred despite unit prices remaining relatively stable, signaling a strong uptick in export activity rather than price-driven expansion.

Price and Volume Dynamics

April’s export volume of 42.97K kg represents a significant sequential gain, building on the rebound that began in March. Unit prices have shown notable volatility early in the year—peaking in February before moderating—but remained range-bound between $1,070–$1,150/kg in March and April. This pattern suggests that Peru’s silver exports are being driven by mining output cycles and investor hedging behavior rather than short-term price speculation. Year-to-date, both volume and value are tracking well ahead of typical levels, reflecting robust international demand.

External Context and Outlook

The sustained growth in Peru Silver Bullion exports benefits from stable trade terms under the long-standing US-Peru Free Trade Agreement (FTA), which ensures preferential access for Peruvian silver [FreightAmigo]. This agreement supports consistent export flows even amid price fluctuations. With Peru ranking among the world’s top silver exporters (FreightAmigo), ongoing demand from industrial and financial sectors is likely to maintain strong export momentum through mid-2025.

Peru Silver Bullion (HS 7106) 2025 April Export: HS Code Breakdown

Product Specialization and Concentration

In April 2025, Peru's Silver Bullion Export under HS Code 7106 is dominated by the sub-code 7106912000, which accounts for over 84% of export transactions and 54% of the total value. This sub-code, described as "Metals; silver, unwrought, (but not powder)", has a unit price of 1,253 USD per kilogram, significantly higher than other codes, indicating a specialized, higher-value product segment within the market.

Value-Chain Structure and Grade Analysis

The remaining sub-codes can be grouped into two categories based on unit price and grade. Code 7106911000, also "unwrought silver", has a lower unit price of 1,052 USD per kilogram, suggesting a standard or lower-grade variant. This structure shows that Peru's silver exports are differentiated by quality grade rather than being a uniform bulk commodity, with prices reflecting grade disparities rather than value-add stages like processing.

Strategic Implication and Pricing Power

For market players, the grade-based differentiation implies that higher-grade silver commands premium pricing, giving exporters with quality control an advantage. The stable trade environment, supported by the US-Peru Free Trade Agreement [FreightAmigo], reinforces access but emphasizes the need to focus on grade consistency to maintain competitiveness in Peru Silver Bullion HS Code 7106 Export 2025 April.

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Peru Silver Bullion (HS 7106) 2025 April Export: Market Concentration

Geographic Concentration and Dominant Role

In April 2025, Peru's Silver Bullion exports under HS Code 7106 are heavily concentrated, with Switzerland dominating as the top importer, accounting for 48.26% of the value and 43.18% of the weight. The higher value ratio compared to weight ratio suggests Switzerland receives higher-grade or premium-priced silver, typical for financial or investment markets.

Partner Countries Clusters and Underlying Causes

The importers form three clear clusters: first, Switzerland, Brazil, and the United States, which are major hubs for precious metals due to their financial and industrial demand. Second, India, Italy, and the United Arab Emirates, with moderate shares, likely for jewelry making or regional trade. Third, Chile, Argentina, and Colombia, with minimal involvement, indicating smaller-scale or neighboring trade flows.

Forward Strategy and Supply Chain Implications

For Peruvian silver exporters, prioritizing high-value markets like Switzerland can boost profitability. Supply chains must ensure secure and efficient logistics for this high-value commodity, focusing on weight-based pricing and market stability. No specific policy changes for April 2025 were identified, so maintaining existing trade relationships is key.

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Peru Silver Bullion (HS 7106) 2025 April Export: Buyer Cluster

Buyer Market Concentration and Dominance

The Peru Silver Bullion Export 2025 April market under HS Code 7106 is extremely concentrated. A small group of high-value, high-frequency buyers dominates trade. These buyers represent only 15.58% of all transactions but account for 91.22% of the total export value. This means a few large, regular buyers control nearly all revenue. The overall market is defined by high-value shipments from a limited number of active companies.

Strategic Buyer Clusters and Trade Role

Three other buyer segments complete the market. High-value, low-frequency buyers are occasional large purchasers, making infrequent but significant orders. Low-value, high-frequency buyers are small but regular traders, conducting many low-volume transactions. Low-value, low-frequency buyers are very minor, one-time or experimental purchasers with minimal impact. In commodity markets like silver bullion, these groups represent speculators, small refiners, or niche traders rather than core industrial consumers.

Sales Strategy and Vulnerability

For Peruvian exporters, strategy must focus on retaining the dominant high-value buyers while managing risks from low diversification. [FreightAmigo] notes ongoing US-Peru trade agreement benefits, which may help secure these key relationships. However, over-reliance on a few buyers creates vulnerability to demand shifts or contract losses. Sales efforts should prioritize maintaining strong ties with major clients, as the market structure offers limited growth from smaller segments.

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Peru Silver Bullion (HS 7106) 2025 April Export: Action Plan for Silver Bullion Market Expansion

Strategic Supply Chain Overview

Peru Silver Bullion Export 2025 April under HS Code 7106 shows a market driven by grade quality and buyer concentration. High-grade silver commands premium prices, with sub-code 7106912000 leading at 1,253 USD/kg. Key buyers are few but high-value, controlling 91% of export value. Geographically, Switzerland dominates for premium shipments. This creates price stability but risks over-reliance. Supply chains must prioritize secure logistics and grade consistency to protect high-value flows.

Action Plan: Data-Driven Steps for Silver Bullion Market Execution

• Use trade data to identify and monitor top high-value buyers monthly. This ensures proactive relationship management and reduces churn risk.
• Analyze HS Code 7106 sub-codes to focus production on high-grade variants like 7106912000. This maximizes revenue per kilogram exported.
• Track shipment frequencies to key destinations like Switzerland. This optimizes logistics planning and cuts transit costs.
• Implement buyer diversification strategies using trade data to target new markets. This mitigates over-dependence on a few clients.
• Regularly review trade agreement benefits under frameworks like US-Peru FTA. This secures tariff advantages and market access.

Take Action Now —— Explore Peru Silver Bullion Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Peru Silver Bullion Export 2025 April?

Peru's silver bullion exports surged 18% month-over-month in April 2025, reaching 42.97K kg—the highest volume this year. This growth reflects strong international demand and mining output cycles, as unit prices remained stable ($1,070–$1,150/kg).

Q2. Who are the main partner countries in this Peru Silver Bullion Export 2025 April?

Switzerland dominates, accounting for 48.26% of export value, followed by Brazil and the United States. These three markets form the core demand hubs for Peru’s silver bullion.

Q3. Why does the unit price differ across Peru Silver Bullion Export 2025 April partner countries?

Prices vary due to grade differentiation. Sub-code 7106912000 ("unwrought silver") commands a premium (1,253 USD/kg), while 7106911000 (lower-grade) trades at 1,052 USD/kg. Switzerland’s higher value-to-weight ratio confirms its preference for premium grades.

Q4. What should exporters in Peru focus on in the current Silver Bullion export market?

Exporters must prioritize retaining high-value buyers (15.58% of transactions but 91.22% of revenue) and ensure grade consistency to maintain premium pricing. Over-reliance on a few buyers poses risks.

Q5. What does this Peru Silver Bullion export pattern mean for buyers in partner countries?

Major buyers (e.g., Switzerland) benefit from stable, high-grade supply but face competition for limited premium stock. Smaller buyers (low-frequency/low-value) have niche access but minimal market influence.

Q6. How is Silver Bullion typically used in this trade flow?

Peru’s silver bullion exports primarily serve financial markets (e.g., investment bars) and industrial demand (e.g., jewelry), with grade differentiation driving pricing tiers.