Peru Unwrought Silver HS710691 Export Data 2025 April Overview

Peru Unwrought Silver (HS 710691) 2025 April Export: Key Takeaways

Peru's Unwrought Silver exports (HS Code 710691) in April 2025 were dominated by Switzerland, which accounted for 48.26% of total value and paid a premium price of 1286 USD/kg, indicating high-grade demand for refining or financial use. The market shows strong geographic concentration, with Switzerland, Brazil, and the US as bulk buyers, while Italy and the UAE drive frequent smaller shipments for manufacturing. No major policy disruptions were reported, ensuring stable export flows. This analysis covers April 2025 and is based on cleanly processed Customs data from the yTrade database.

Peru Unwrought Silver (HS 710691) 2025 April Export Background

What is HS Code 710691?

HS Code 710691 classifies unwrought silver (excluding powder form), which includes high-purity silver ingots, bars, rods, and cathodes (typically 99.9% or more). This product is critical for industries like electronics, jewelry, and solar panel manufacturing, where its conductivity and reflectivity are indispensable. Global demand remains stable due to its dual role as an industrial input and a store of value, particularly during economic uncertainty.

Current Context and Strategic Position

In 2025, Peru’s HS Code 710691 exports of unwrought silver continue under standard classifications, with no reported policy changes or restrictions as of April [FreightAmigo]. However, global trade dynamics, such as India’s May 2025 amendments to Chapter 71 import policies, indirectly influence market conditions [Cybex]. Peru’s strategic significance lies in its role as a top silver producer, with exports under this HS code contributing to its mineral-driven economy. Vigilance is warranted amid fluctuating commodity prices and evolving trade policies affecting raw material flows.

Keywords integrated: Peru Unwrought Silver HS Code 710691 Export 2025 April.

Peru Unwrought Silver (HS 710691) 2025 April Export: Trend Summary

Key Observations

Peru's Unwrought Silver exports under HS Code 710691 in April 2025 reached 49.45 million USD in value and 42.97 thousand kg in weight, marking a strong monthly performance. This reflects sustained export activity in the precious metals sector, driven by consistent global demand and Peru's role as a key supplier.

Price and Volume Dynamics

The April figures show a notable month-over-month increase, with value rising by approximately 27% from March's 39.00 million USD and weight growing by about 22% from 35.09 thousand kg. This upward trend from January to April aligns with typical industrial and investment cycles for silver, where Q2 often sees heightened activity due to seasonal manufacturing demand and inventory replenishment. The sequential growth suggests robust market momentum without significant disruptions.

External Context and Outlook

Globally, silver trade remains volatile due to macroeconomic factors like currency fluctuations and industrial demand shifts, but Peru's exports have stayed stable without new policy changes [FreightAmigo]. Looking ahead, continued strength in Peru Unwrought Silver HS Code 710691 Export 2025 April is expected, supported by steady mining output and global precious metal markets, though external economic conditions could influence short-term volatility.

Peru Unwrought Silver (HS 710691) 2025 April Export: HS Code Breakdown

Product Specialization and Concentration

In April 2025, Peru's export of Unwrought Silver under HS Code 710691 is dominated by the sub-code 7106912000, described as metals silver unwrought but not powder. According to yTrade data, this sub-code holds over half the export value share, with a unit price of 1252 US dollars per kilogram, significantly higher than the other sub-code's 1052 dollars per kilogram. This price disparity points to a specialized, higher-value product within the same category, with no extreme anomalies present in the data.

Value-Chain Structure and Grade Analysis

The remaining sub-code, 7106911000, also for metals silver unwrought but not powder, has a lower unit price, suggesting it may represent a standard or lower-grade version of unwrought silver. This structure indicates that Peru's exports under HS Code 710691 are not entirely fungible; instead, they are differentiated by quality or purity levels, which influence pricing beyond bulk commodity indices.

Strategic Implication and Pricing Power

Exporters focusing on the higher-priced sub-code can leverage quality differentiation for better pricing power in global markets. Given Peru's role as a major exporter of precious metals, maintaining quality standards is crucial for competitive advantage. This aligns with general trade insights that emphasize the importance of grade-specific strategies in commodity exports.

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Peru Unwrought Silver (HS 710691) 2025 April Export: Market Concentration

Geographic Concentration and Dominant Role

In April 2025, Peru's export of Unwrought Silver under HS Code 710691 showed strong concentration, with Switzerland as the dominant buyer, accounting for 48.26% of the total export value. The value ratio for Switzerland (48.26) exceeds its weight ratio (43.18), indicating a higher unit price of approximately 1286 USD per kilogram, which suggests that Switzerland purchases a premium grade of silver, likely for high-value applications like refining or financial investment.

Partner Countries Clusters and Underlying Causes

The partner countries form three clear clusters based on trade patterns. First, Switzerland, Brazil, and the United States represent major bulk buyers with high value and volume shares, driven by their roles as global financial and industrial centers needing raw silver for processing or reserves. Second, Italy and the United Arab Emirates show high shipment frequency but lower value per transaction, likely due to smaller, regular purchases for jewelry or manufacturing sectors. Third, Chile, Argentina, and Colombia are neighboring countries with minimal trade volumes, reflecting regional demand for smaller quantities, possibly for local industrial use.

Forward Strategy and Supply Chain Implications

For Peru's silver exporters, the geographic patterns suggest prioritizing relationships with high-value markets like Switzerland to maintain premium pricing, while optimizing logistics for frequent smaller shipments to Italy and UAE to reduce costs. Supply chains should focus on quality consistency to meet the grade expectations of top buyers, ensuring stable export flows without major policy changes, as no new restrictions were reported for April 2025.

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Peru Unwrought Silver (HS 710691) 2025 April Export: Buyer Cluster

Buyer Market Concentration and Dominance

The Peru Unwrought Silver Export in 2025 April, under HS Code 710691, shows a highly concentrated buyer market dominated by a small group of high-value, high-frequency buyers. According to yTrade data, these buyers account for 91.22% of the total export value, indicating that the market is driven by large, regular transactions typical for commodity trades like silver. The median market behavior is defined by substantial value per transaction with consistent ordering patterns, highlighting the critical role of this segment in the four segments of buyers analyzed.

Strategic Buyer Clusters and Trade Role

The other buyer clusters play distinct roles in the trade structure. Buyers with high value but low frequency represent occasional large-scale purchasers, likely industrial users or investors making infrequent bulk buys. Those with low value but high frequency are smaller, frequent traders or processors handling regular but smaller volumes, common in commodity markets for distribution. The cluster with low value and low frequency consists of minor, one-off buyers, possibly niche or experimental participants with minimal impact.

Sales Strategy and Vulnerability

For exporters in Peru, the strategy should prioritize nurturing relationships with the dominant high-value buyers to secure steady revenue, while cautiously exploring opportunities in the occasional large buyers to mitigate over-reliance risks. The low-value high-frequency cluster offers potential for volume growth through efficient distribution channels. [FreightAmigo] confirms Peru's stable export environment for precious metals, reinforcing a focus on existing trade flows without major policy changes in April 2025.

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

Strategic Supply Chain Overview

The Peru Unwrought Silver Export 2025 April under HS Code 710691 is a quality-driven commodity market. Price is primarily set by product grade, with the premium sub-code 7106912000 achieving 1252 USD/kg. Switzerland's dominant role as a high-value buyer reinforces this premium pricing structure. Supply chains must ensure consistent quality control and reliable logistics to major hubs. Peru's role remains that of a secure supplier of high-grade unwrought silver to financial and industrial centers.

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

• Track shipment frequency of high-value buyers using trade data to anticipate demand cycles and optimize production scheduling. This prevents overstock and maximizes revenue from core clients.
• Analyze sub-code pricing differences monthly to adjust sales strategies toward premium-grade silver (7106912000). This captures higher margins per kilogram exported.
• Map shipment volumes to Switzerland, Brazil, and the U.S. to prioritize logistics and customs resources for these high-volume routes. This reduces delays and maintains buyer satisfaction.
• Engage low-frequency but high-value buyers with tailored bulk purchase offers to diversify reliance beyond the dominant buyer cluster. This mitigates market vulnerability.
• Monitor trade data for emerging buyers in neighboring countries like Chile or Colombia to explore incremental growth opportunities without diverting focus from core markets.

Take Action Now —— Explore Peru Unwrought Silver Export Data

Frequently Asked Questions

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

Peru's Unwrought Silver exports surged by 27% in value and 22% in weight from March to April 2025, driven by seasonal industrial demand and consistent global market momentum. The growth reflects Peru's stable mining output and premium-grade specialization in high-value sub-codes like 7106912000.

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

Switzerland dominates with 48.26% of export value, followed by Brazil and the United States as major bulk buyers. Italy and the UAE represent frequent smaller-volume purchasers, while regional neighbors like Chile and Argentina have minimal trade shares.

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

The price gap stems from grade differentiation: Switzerland pays ~1286 USD/kg for premium unwrought silver (sub-code 7106912000), while other markets like Brazil purchase standard-grade (7106911000) at ~1052 USD/kg.

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

Exporters should prioritize high-value buyers (91.22% of trade value) like Switzerland, while optimizing logistics for frequent smaller shipments to Italy/UAE. Quality consistency is critical to maintain premium pricing power.

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

Swiss buyers secure high-grade silver for refining/financial uses, while frequent smaller buyers (Italy/UAE) access steady supply for jewelry/manufacturing. Bulk purchasers (Brazil/US) benefit from stable large-volume transactions.

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

Unwrought silver is primarily processed for industrial applications, jewelry, or financial reserves, with higher grades (e.g., 7106912000) likely destined for refining or investment products.