Peru Silver HS710691 Export Data 2025 May Overview

Peru Silver (HS 710691) 2025 May Export: Key Takeaways

Peru's Silver Export (HS Code 710691) in May 2025 shows Brazil as the dominant buyer, absorbing 32.62% of shipments with uniform pricing, confirming standardized commodity-grade silver. The market is concentrated among high-volume industrial buyers like Brazil, India, and the U.S., while Italy and the UAE serve as niche trading hubs. This analysis, covering May 2025, is based on cleanly processed Customs data from the yTrade database.

Peru Silver (HS 710691) 2025 May Export Background

What is HS Code 710691?

HS Code 710691 refers to Silver, unwrought, a raw form of silver that has not been worked into semi-finished or finished products. This category includes silver in powder form or other unwrought states, primarily used in industries such as electronics, jewelry, and solar panel manufacturing. Global demand for unwrought silver remains stable due to its essential role in industrial applications and as a store of value. Peru, a significant producer, contributes to this supply chain, making HS Code 710691 a critical export commodity for the country.

Current Context and Strategic Position

As of May 2025, no new export restrictions or regulatory changes have been reported for Peru's unwrought silver exports under HS Code 710691 [World Bank]. However, the global market for industrial raw materials, including silver, remains sensitive to macroeconomic shifts and trade policies. Peru's strategic position as the 23rd largest exporter of silver [OEC] underscores its role in meeting global demand. With Spain being a key destination in 2023, Peru's Silver HS Code 710691 Export in 2025 requires close monitoring for potential policy or market disruptions, especially during May, a period often marked by commodity price volatility.

Peru Silver (HS 710691) 2025 May Export: Trend Summary

Key Observations

Peru's export of Silver under HS Code 710691 in May 2025 totaled $39.37 million in value and 35.84 thousand kilograms in volume, reflecting a active but volatile trade period for this precious metal.

Price and Volume Dynamics

The May figures represent a noticeable decline from April's peak, with value dropping by approximately 20% and weight decreasing by around 17% month-over-month. This volatility aligns with typical silver market behavior, where prices and volumes often fluctuate due to shifts in industrial demand—such as from electronics and jewelry sectors—and investment flows rather than strong seasonal cycles. Over the first five months of 2025, exports have generally trended upward despite monthly swings, indicating sustained demand underlying the short-term instability.

External Context and Outlook

Peru remains a significant global silver exporter [OEC World], and while no specific policy changes impacted May's trade, broader macroeconomic factors like global inflation trends and currency exchange rates likely contributed to the observed volatility. Looking forward, silver exports from Peru may continue to face price sensitivity driven by industrial consumption patterns and speculative trading, but solid fundamentals in manufacturing demand could support steady performance through 2025.

Peru Silver (HS 710691) 2025 May Export: HS Code Breakdown

Product Specialization and Concentration

In May 2025, Peru's export of Silver under HS Code 710691 shows a concentrated market, with the sub-code for unwrought silver (7106911000) dominating, accounting for over 62% of the export value and 66% of the weight, based on yTrade data. This sub-code has a unit price of 1035.52 USD per kilogram, while another variant (7106912000) commands a higher price of 1223.37 USD per kilogram, highlighting a clear specialization in product grades.

Value-Chain Structure and Grade Analysis

The export structure for Peru Silver HS Code 710691 Export 2025 May is divided into two categories: a standard grade of unwrought silver with lower pricing and a premium grade with higher unit costs. This differentiation suggests that Peru's silver trade involves graded commodities rather than uniform bulk goods, indicating some level of value-add through quality variations, though both forms remain primarily raw materials.

Strategic Implication and Pricing Power

For exporters, the grade-based structure allows Peru to leverage premium pricing for higher-quality silver, but the commodity nature limits overall pricing power. Strategic efforts should focus on quality control and market positioning to maximize returns, without significant external policy shifts noted in recent sources.

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Peru Silver (HS 710691) 2025 May Export: Market Concentration

Geographic Concentration and Dominant Role

In May 2025, Peru's export of Silver under HS Code 710691 is heavily concentrated, with Brazil as the dominant importer, accounting for 32.62% of the total export value. The close alignment between Brazil's value share (32.62%) and weight share (34.32%) suggests uniform unit pricing around 1,044 USD/kg, typical for standardized commodity silver, indicating no significant grade variations in this trade flow.

Partner Countries Clusters and Underlying Causes

The importers form three clear clusters. Brazil, India, and the United States represent the high-volume, high-value group, likely driven by their roles as major industrial consumers or refining centers for silver. Italy and the United Arab Emirates show high shipment frequency but low volume per shipment, possibly acting as trading hubs or serving niche markets with smaller, regular orders. Argentina and Colombia have minimal shares, reflecting limited regional demand or smaller-scale trade relationships.

Forward Strategy and Supply Chain Implications

For market players, the concentration in key markets like Brazil and the U.S. underscores the need to prioritize contracts with these high-volume buyers to ensure stable revenue. The absence of recent export restrictions or policy changes, as noted in available sources [Wits World Bank], suggests continued reliable supply from Peru, allowing importers to plan without disruption risks. Diversifying into emerging markets could mitigate over-reliance on top partners.

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Peru Silver (HS 710691) 2025 May Export: Buyer Cluster

Buyer Market Concentration and Dominance

In May 2025, the Peru Silver Export under HS Code 710691 shows a highly concentrated buyer market, where a small segment of high-value, frequent buyers dominates the trade. According to yTrade data, this group accounts for 66.74% of the total export value, indicating that most sales come from a few key players who purchase large quantities regularly. The overall market is characterized by high-value transactions with moderate frequency, underscoring the commodity nature of silver exports from Peru.

Strategic Buyer Clusters and Trade Role

The other three segments of buyers play distinct roles. Buyers with high value but low frequency represent large, infrequent purchases, likely for bulk storage or major industrial needs. Those with low value and high frequency are smaller, regular buyers, such as local distributors or small-scale users. The low-value, low-frequency group consists of occasional, minor buyers, possibly for niche markets or testing purposes. Each cluster adds diversity but contributes minimally to the total export value.

Sales Strategy and Vulnerability

For Peruvian exporters, the strategic focus should be on nurturing relationships with the dominant high-value buyers to maintain stability, while exploring opportunities to engage smaller segments for risk diversification. The high reliance on a few buyers poses a vulnerability to market shifts. The sales model should balance bulk contracts with flexible options for varied buyer needs. This outlook is supported by the absence of recent export restrictions or policy changes, as noted in [World Bank] data, reinforcing a steady trade environment for silver.

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Peru Silver (HS 710691) 2025 May Export: Action Plan for Silver Market Expansion

Strategic Supply Chain Overview

The Peru Silver Export 2025 May under HS Code 710691 operates as a classic commodity market. Price is primarily driven by product grade differentiation. The standard unwrought silver (sub-code 7106911000) trades at a lower unit price, while the premium grade (7106912000) commands higher value. Global silver index fluctuations and buyer-specific quality demands further influence pricing. Supply chain implications center on Peru’s role as a secure raw material supplier. High buyer concentration—with Brazil, India, and the U.S. as major importers—creates reliance on stable, high-volume contracts. This structure emphasizes supply security over value-added processing.

Action Plan: Data-Driven Steps for Silver Market Execution

• Segment buyers by purchase frequency and value using trade data. This identifies core high-volume clients for relationship management, securing stable revenue streams.
• Track unit prices for each HS sub-code (e.g., 7106911000 vs. 7106912000). This enables premium pricing for higher-grade silver, maximizing returns per shipment.
• Monitor Brazil’s import volume and timing patterns. This allows alignment of production and logistics with demand cycles, avoiding delays or oversupply.
• Identify emerging buyers in low-frequency segments with trade intelligence tools. This diversifies the client base, reducing over-reliance on dominant partners.

Take Action Now —— Explore Peru Silver Export Data

Frequently Asked Questions

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

Peru's silver exports in May 2025 saw a 20% drop in value and 17% in volume from April, reflecting typical silver market volatility tied to industrial demand shifts and investment flows, despite an overall upward trend in 2025.

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

Brazil dominates with 32.62% of export value, followed by India and the U.S., forming a high-volume cluster, while Italy and the UAE serve as niche hubs with frequent, smaller shipments.

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

Price differences stem from product grades: unwrought silver (7106911000) averages 1035.52 USD/kg, while a premium variant (7106912000) commands 1223.37 USD/kg, indicating value-add through quality tiers.

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

Exporters should prioritize high-value buyers (66.74% of trade) for stability, while diversifying into smaller segments to mitigate reliance on a few bulk purchasers, per the concentrated buyer market.

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

Buyers in Brazil, India, and the U.S. benefit from uniform pricing and reliable supply, while niche markets (e.g., Italy, UAE) access smaller, regular shipments for specialized needs.

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

Peru’s silver exports are primarily raw materials, with grades catering to industrial refining or bulk storage needs, reflecting its commodity role in global supply chains.