Peru Silver Ores HS261610 Export Data 2025 January Overview

Peru Silver Ores (HS 261610) 2025 January Export: Key Takeaways

Peru's Silver Ores (HS Code 261610) exports in January 2025 reveal a high-risk reliance on China, which accounted for 93.61% of value and 97.55% of weight, signaling bulk purchases of lower-grade ores at 1.62 USD/kg. South Korea and Sweden emerged as premium markets with unit prices up to 7.78 USD/kg, highlighting untapped potential for higher-value exports. This analysis, based on cleanly processed Customs data from the yTrade database, underscores the urgent need for Peru to diversify beyond China to mitigate concentration risks and capture premium margins.

Peru Silver Ores (HS 261610) 2025 January Export Background

Peru's Silver Ores (HS Code 261610) are critical for global electronics and jewelry industries due to their high conductivity and luster, driving steady demand. With the EU updating HS 2022 rules for Peru's trade agreements [EU Taxation], exporters must align with new origin requirements. Peru, a top silver producer, saw its overall exports grow 21% in 2025 [FreshPlaza], reinforcing its role as a key supplier for January 2025 shipments.

Peru Silver Ores (HS 261610) 2025 January Export: Trend Summary

Key Observations

In January 2025, Peru's export of Silver Ores under HS Code 261610 reached a value of $193.91 million with a volume of 115.02 million kilograms, indicating a strong start to the year for this commodity sector.

Price and Volume Dynamics

Without prior monthly data for direct QoQ or YoY comparisons, the January figures suggest stable export performance aligned with typical mining industry cycles, where production and shipments often remain consistent due to steady industrial demand for silver in manufacturing and technology applications. This level reflects normal operational output without significant disruptions.

External Context and Outlook

Peru's overall export sector showed robust growth in 2025, with agricultural exports rising 21% [FreshPlaza], supporting a favorable trade environment that likely bolstered mineral exports like silver ores. Additionally, ongoing trade agreement updates, such as HS code revisions under the EU-Peru pact [Taxation-customs.ec.europa.eu] effective later in 2025, provide a stable framework for future exports, though January operations were unaffected, maintaining momentum.

Peru Silver Ores (HS 261610) 2025 January Export: HS Code Breakdown

Product Specialization and Concentration

In January 2025, Peru's export of Silver Ores under HS Code 261610 is entirely specialized in a single product: Silver ores and concentrates, which accounts for all export value and volume. The unit price is 1.69 USD per kilogram, reflecting a uniform market with no sub-code variations or price anomalies to isolate.

Value-Chain Structure and Grade Analysis

The export structure for Peru Silver Ores HS Code 261610 in 2025 January consists solely of raw, unprocessed silver ores and concentrates, indicating a trade in fungible bulk commodities. This homogeneous product form suggests that pricing is likely tied to global commodity indices, with no differentiation by value-add stage or quality grade.

Strategic Implication and Pricing Power

For Peru's Silver Ores Export under HS Code 261610, the undifferentiated nature limits pricing power, making it dependent on global market fluctuations. Strategic focus should be on maximizing volume and operational efficiency to compete effectively in bulk commodity markets during 2025.

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Peru Silver Ores (HS 261610) 2025 January Export: Market Concentration

Geographic Concentration and Dominant Role

In January 2025, Peru's Silver Ores exports under HS Code 261610 were overwhelmingly concentrated, with China Mainland dominating as the primary buyer, accounting for 93.61% of the value and 97.55% of the weight. This disparity, where the value ratio is lower than the weight ratio, suggests that exports to China consist of lower-grade ores with a unit price around 1.62 USD/kg, indicating bulk purchases for raw material processing rather than high-value applications.

Partner Countries Clusters and Underlying Causes

The export partners form two clear clusters based on trade patterns. China represents the bulk cluster, with high volume and low unit price, driven by its extensive industrial demand for cost-effective raw materials. South Korea and Sweden form a smaller, high-value cluster, with unit prices of approximately 3.92 USD/kg and 7.78 USD/kg respectively, likely due to imports of higher-grade ores for specialized uses in technology or refining industries.

Forward Strategy and Supply Chain Implications

For Peru Silver Ores exporters, the heavy reliance on China poses a risk from market concentration, urging a strategy to diversify into higher-value markets like South Korea and Sweden. Leveraging Peru's trade agreements, such as those with the EU and US mentioned in recent updates [EU Trade Update], can help access diversified buyers and improve margins by focusing on premium ore grades.

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Peru Silver Ores (HS 261610) 2025 January Export: Buyer Cluster

Buyer Market Concentration and Dominance

The Peru Silver Ores Export market for HS Code 261610 in 2025 January shows high concentration, with one group of buyers dominating trade. Buyers who purchase large amounts frequently account for 84.69% of the total export value and 67.86% of the purchase frequency. This means a small number of key players drive most of the activity across the four segments of buyers, making the market reliant on regular, high-volume transactions.

Strategic Buyer Clusters and Trade Role

The other buyer segments include those who buy large amounts infrequently, likely for bulk or spot deals; buyers who make smaller but regular purchases, indicating steady demand; and those who buy small amounts occasionally, which may reflect speculative or niche interest. For a commodity like silver ores, high-frequency buyers suggest stable supply chains, while low-frequency ones could be influenced by price changes or external factors.

Sales Strategy and Vulnerability

Peruvian exporters should prioritize maintaining strong ties with the dominant high-value, frequent buyers to secure consistent revenue, while exploring opportunities to engage other segments to reduce dependency risks. The overall growth in Peru's exports, with a 21% increase in some sectors [FreshPlaza], supports a positive trade environment that can aid in diversifying sales and adapting to market shifts.

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Peru Silver Ores (HS 261610) 2025 January Export: Action Plan for Silver Ores Market Expansion

Strategic Supply Chain Overview

Peru Silver Ores Export 2025 January under HS Code 261610 operates as a bulk commodity market. Price is driven by global silver indices and ore grade quality. The supply chain implication is high dependency on volume-based logistics and raw material processing hubs. Heavy reliance on China for 93.61% of exports creates vulnerability to demand shifts or trade policy changes. The homogeneous product nature limits pricing power, making operational efficiency and market diversification critical for stability.

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

• Use HS Code 261610 shipment data to identify and target buyers in high-unit-price markets like South Korea and Sweden. This diversifies revenue streams and reduces China dependency risk.
• Analyze buyer frequency patterns to negotiate long-term contracts with high-volume, regular purchasers. This ensures consistent cash flow and minimizes spot market exposure.
• Leverage Peru’s trade agreements with the EU and US to explore new export corridors for higher-grade ores. This unlocks premium pricing opportunities beyond bulk commodity margins.
• Monitor global silver price indices and ore quality specifications monthly. This allows real-time adjustment of export volumes and grades to maximize returns.
• Develop a digital dashboard tracking buyer segments and destination trends for HS Code 261610. This enables proactive risk management and strategic pivot planning.

Take Action Now —— Explore Peru Silver Ores Export Data

Frequently Asked Questions

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

Peru's Silver Ores export in January 2025 shows stable performance, with $193.91 million in value and 115.02 million kilograms shipped, reflecting steady industrial demand. The undifferentiated, bulk-commodity nature of the exports ties pricing to global indices, limiting Peru's pricing power.

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

China dominates as the primary buyer, accounting for 93.61% of export value and 97.55% of weight. South Korea and Sweden form a smaller high-value cluster, with significantly higher unit prices for specialized uses.

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

The price difference stems from grade variations: China buys lower-grade ores at 1.62 USD/kg for bulk processing, while South Korea (3.92 USD/kg) and Sweden (7.78 USD/kg) likely purchase higher-grade ores for specialized refining or technology applications.

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

Exporters should prioritize maintaining relationships with dominant high-volume buyers (84.69% of value) while diversifying into premium markets like South Korea and Sweden to reduce reliance on China and improve margins.

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

Chinese buyers benefit from stable, low-cost bulk supply, while high-value buyers like Sweden secure premium-grade ores. The market’s concentration in China poses supply chain risks if demand shifts.

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

Peru exports raw, unprocessed silver ores and concentrates as fungible bulk commodities, primarily for industrial processing into refined silver for manufacturing or technology applications.