Peru Unwrought Silver HS710691 Export Data 2025 August Overview

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

Peru's Unwrought Silver (HS Code 710691) Export in 2025 August shows Brazil as the dominant buyer, accounting for over 25% of value and 28% of weight, indicating bulk industrial purchases at lower unit prices. The market remains concentrated among a few high-volume importers like India and Switzerland, signaling reliance on stable demand but exposing risks to price volatility. Regional neighbors import minimal volumes, while niche markets like Italy and the UAE show frequent but smaller shipments, likely for refining or jewelry. This analysis covers the 2025 August period and is based on cleanly processed Customs data from the yTrade database.

Peru Unwrought Silver (HS 710691) 2025 August Export Background

What is HS Code 710691?

HS Code 710691 refers to Silver, unwrought, a raw form of silver not yet processed into finished products. This commodity is critical for industries like electronics, jewelry, and solar panels, where high-purity silver is essential. Global demand remains stable due to its industrial applications and role as a store of value [World Bank].

Current Context and Strategic Position

Peru exported $251M worth of unwrought silver in 2023, ranking as the 23rd largest global exporter [OEC]. While no new policy changes for August 2025 are reported, Peru’s role as a key supplier underscores the need for vigilance in tracking trade flows. The country’s exports, particularly to markets like Spain, highlight its strategic importance in the global silver trade [World Bank]. Monitoring Peru Unwrought Silver HS Code 710691 Export 2025 August trends is crucial for stakeholders amid evolving raw material policies [OECD].

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

Key Observations

In August 2025, Peru's exports of Unwrought Silver under HS Code 710691 reached 54.42 million USD in value and 41.76 thousand kilograms in weight, showing a solid monthly performance amid stable trade conditions.

Price and Volume Dynamics

Month-over-month, both value and volume increased from July, with value up 8.5% and weight rising 3.8%, indicating strengthened demand or higher silver prices. This follows a volatile pattern in 2025, including a significant spike in June likely due to seasonal industrial stockpiling or short-term investment flows, common in precious metals. Year-over-year comparisons are not directly available, but the 2025 data suggests robust export momentum, supported by Peru's role as a key silver producer [World Bank].

External Context and Outlook

With no major policy shifts reported for August 2025, the outlook remains influenced by global economic factors, such as industrial demand from sectors like electronics and jewelry, and currency fluctuations. Peru's export stability aligns with its position as a top silver exporter, as noted in 2023 data (OEC), suggesting continued reliance on external market conditions rather than domestic policy changes.

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

Product Specialization and Concentration

In August 2025, Peru's export of Unwrought Silver under HS Code 710691 shows strong concentration in sub-code 7106912000 for Metals; silver, unwrought. According to yTrade data, this sub-code handles 77.87 percent of shipment frequency and has a higher unit price of 1429.53 USD per kilogram, compared to 1194.93 USD per kilogram for the other sub-code, indicating a specialization in a premium grade or variant without extreme price anomalies.

Value-Chain Structure and Grade Analysis

The remaining sub-code, 7106911000, also for Metals; silver, unwrought, forms a secondary category with a slightly lower unit price. Both sub-codes represent the same value-add stage as raw, unwrought silver, suggesting a market for fungible bulk commodities where price variations may stem from minor quality or purity differences rather than significant processing or branding.

Strategic Implication and Pricing Power

For Peru Unwrought Silver HS Code 710691 Export 2025 August, the narrow price spread between sub-codes implies limited pricing power, typical for commodity markets. Exporters should focus on cost efficiency and market diversification to maintain competitiveness, as the product's nature aligns with global raw material trade rather than differentiated goods.

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

Geographic Concentration and Dominant Role

Peru's Unwrought Silver HS Code 710691 Export in 2025 August is heavily concentrated, with Brazil as the dominant partner, accounting for 25.81% of the export value and 27.78% of the weight. The slightly lower value ratio compared to weight ratio suggests that Brazil imports silver at a lower unit price, indicating bulk purchases of standard-grade commodity silver rather than high-purity forms. This pattern points to Brazil's role as a major industrial consumer or trading hub for raw silver.

Partner Countries Clusters and Underlying Causes

The top importers form two clear clusters: first, high-volume buyers like Brazil, India, Switzerland, and the United States, which likely use the silver for industrial applications or national reserves due to their large economies and manufacturing bases. Second, countries like Italy and the United Arab Emirates show high shipment frequency but low volume, suggesting they may be involved in refining, re-export, or niche markets like jewelry, where smaller, more frequent lots are common. Regional neighbors such as Chile and Argentina import minimal amounts, reflecting limited local demand or transit trade.

Forward Strategy and Supply Chain Implications

For market players, Peru's export concentration in a few key countries like Brazil highlights reliance on stable demand from major economies, urging diversification to mitigate price volatility risks common in commodity markets. Supply chains should prioritize logistics efficiency for bulk shipments to high-volume partners, while exploring opportunities in value-added segments like refined silver for markets showing frequency over volume. [Wits World Bank] indicates ongoing export flows to similar destinations, suggesting no major policy shifts, but continuous monitoring of trade policies is advised to avoid disruptions. (Wits World Bank)

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

Buyer Market Concentration and Dominance

The Peru Unwrought Silver Export market in August 2025, under HS Code 710691, is highly concentrated, with a single segment of buyers accounting for nearly all trade value. According to yTrade data, buyers who purchase frequently and in large volumes dominate, representing over 94% of export value. This indicates a market driven by a few key players making regular, high-volume transactions, with the median trade behavior skewed towards high frequency and high value.

Strategic Buyer Clusters and Trade Role

The remaining buyer segments include those making large but infrequent purchases, which may serve for bulk orders or reserve stockpiling. Another group consists of frequent buyers with smaller transaction sizes, likely catering to local or specialized demand. A final segment involves infrequent, low-volume buyers, possibly representing new market entrants or trial orders. Together, these four segments of buyers shape the diverse trade dynamics for this commodity.

Sales Strategy and Vulnerability

For Peruvian exporters, the strategy should prioritize securing and maintaining relationships with the dominant high-volume buyers to ensure steady revenue. However, over-reliance on this segment poses a risk if demand shifts, highlighting the need to explore opportunities with smaller or infrequent buyers for diversification. Peru's role as a significant silver exporter is supported by historical data [World Bank], reinforcing the importance of adaptive sales models focused on contract stability and market expansion.

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

Strategic Supply Chain Overview

Peru Unwrought Silver Export 2025 August under HS Code 710691 operates as a bulk commodity market. Price is driven by minor quality variations and global industrial demand from key economies. Supply chains must prioritize high-volume logistics to dominant buyers like Brazil while managing risks from over-reliance on few partners.

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

• Segment buyers by purchase frequency and volume using trade data. This enables customized contract terms for high-value clients and identifies growth opportunities with smaller buyers.
• Monitor unit price differentials between HS sub-codes 7106912000 and 7106911000. Adjust production toward higher-margin grades to capture premium value where possible.
• Diversify export destinations beyond Brazil by analyzing import patterns of secondary markets. Reduce vulnerability to demand shocks in single countries.
• Optimize shipping schedules for high-frequency buyers with smaller orders. Improve logistics efficiency for consistent revenue streams from niche markets.
• Track global silver price indices and geopolitical events affecting raw material trade. Proactively adjust inventory levels to avoid price volatility losses.

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Frequently Asked Questions

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

Peru's Unwrought Silver exports in August 2025 saw an 8.5% value and 3.8% weight increase from July, reflecting stronger demand or higher silver prices, typical of commodity market volatility.

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

Brazil dominates with 25.81% of export value, followed by India, Switzerland, and the U.S., forming a cluster of high-volume industrial buyers. Italy and the UAE show high frequency but lower volume.

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

The price gap stems from sub-code specialization: 7106912000 (77.87% of shipments) trades at 1429.53 USD/kg, likely a premium grade, while 7106911000 averages 1194.93 USD/kg for standard bulk silver.

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

Exporters must prioritize high-volume buyers (94% of trade value) for stability but diversify to smaller buyers to mitigate over-reliance risks, while optimizing logistics for bulk shipments.

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

Major buyers like Brazil benefit from bulk pricing, while niche markets (e.g., Italy/UAE) access smaller, frequent lots, suggesting reliable supply but limited pricing power for differentiated grades.

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

The uniform unwrought form indicates industrial or reserve use, with minor quality variations affecting pricing rather than end-use applications like electronics or jewelry refining.