Peru Unwrought Silver HS710691 Export Data 2025 February Overview

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

Peru's Unwrought Silver (HS Code 710691) Export in February 2025 shows Switzerland as the dominant buyer, accounting for 52.49% of export value but only 35.82% of weight—indicating premium-grade shipments at higher unit prices. The market remains concentrated, with Switzerland, Brazil, and the U.S. forming a high-volume cluster driven by refining and bullion demand. Silver prices rose in early 2025, signaling potential volatility, while regional competition limits trade with Chile. This analysis, covering February 2025, is based on cleanly processed Customs data from the yTrade database.

Peru Unwrought Silver (HS 710691) 2025 February 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 powder, bars, and ingots, which are critical inputs for industries like electronics, jewelry, and solar panel manufacturing. Global demand for unwrought silver remains stable due to its dual role as an industrial metal and a store of value, particularly during periods of economic uncertainty.

Current Context and Strategic Position

Peru, a key global exporter of unwrought silver, shipped $251 million worth of the metal in 2023, ranking as the 23rd largest exporter worldwide [OEC]. While no Peru-specific export policy changes for HS Code 710691 were documented in February 2025, global silver prices surged by approximately 20% in Q3 2025, driven by inflationary pressures and investment demand [PriceWatch]. This price volatility underscores the need for market vigilance, especially as Peru’s exports under this code—primarily to Spain and other markets—remain significant. Exporters should monitor OECD export restriction inventories and Peru’s trade policies for potential shifts that could impact Peru Unwrought Silver HS Code 710691 Export 2025 February trade flows.

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

Key Observations

In February 2025, Peru's exports of Unwrought Silver under HS Code 710691 surged to $42.05 million in value and 31.67 thousand kilograms in volume, marking a strong performance for the month.

Price and Volume Dynamics

Month-over-month, exports showed a sharp increase from January 2025, with value rising by approximately 99% and volume by about 66%. This volatility is typical in the silver market, where fluctuations often stem from production cycles and price sensitivity. The jump likely reflects heightened mining output or inventory adjustments ahead of seasonal industrial demand, rather than an outlier event, indicating robust short-term momentum for Peru Unwrought Silver HS Code 710691 Export in 2025 February.

External Context and Outlook

Globally, silver prices have been trending upward, with a notable 20% increase reported in Q3 2025 [PriceWatch], which may have bolstered export values earlier in the year. No Peru-specific export policy changes were noted in February, per OECD records [OECD], suggesting stability. Outlook remains tied to industrial demand and price volatility, with continued growth potential.

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

Product Specialization and Concentration

The export of Unwrought Silver from Peru in February 2025 is highly specialized, dominated by the high-value sub-code 7106912000 for Metals; silver, unwrought, (but not powder). This sub-code accounts for over half of the export value at 54.94%, despite representing only 39.19% of the weight, with a unit price of 1861.14 USD per kilogram—nearly double that of other sub-codes, as per yTrade data. This sharp price disparity highlights a focus on premium-grade silver within the Peru Unwrought Silver HS Code 710691 Export 2025 February landscape.

Value-Chain Structure and Grade Analysis

The market structure splits into two clear categories based on unit price: high-grade silver (sub-code 7106912000) and standard-grade silver (sub-code 7106911000, priced at 983.83 USD per kilogram). Both are unwrought forms, indicating a bulk commodity trade, but the price gap suggests differentiation by purity or quality rather than value-add stages. This implies that Peru's exports under HS Code 710691 are fungible yet grade-sensitive, tied to global silver indices but with room for premium pricing on higher-quality lots.

Strategic Implication and Pricing Power

For Peru Unwrought Silver HS Code 710691 Export 2025 February, the high unit price for premium grades grants stronger pricing power and suggests a strategic focus on quality differentiation to capture value. Exporters should prioritize high-grade production to leverage market trends, such as rising silver prices noted in early 2025 [PriceWatch], which could further enhance returns without significant regulatory shifts.

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

Geographic Concentration and Dominant Role

Peru's Unwrought Silver HS Code 710691 Export in 2025 February shows strong concentration, with Switzerland as the dominant partner at 52.49% of value but only 35.82% of weight, indicating higher unit prices and likely premium-grade silver shipments. This disparity suggests Switzerland pays more per kilogram, reflecting demand for quality in refining or investment markets.

Partner Countries Clusters and Underlying Causes

Switzerland, Brazil, and the United States form a high-volume cluster with significant value and weight shares, driven by industrial refining and bullion trading hubs. India and the United Arab Emirates represent a moderate cluster with lower ratios, possibly for jewelry or re-export purposes. Chile's minimal trade may stem from regional competition or limited demand.

Forward Strategy and Supply Chain Implications

Exporters should leverage stable trade flows but prepare for price volatility, as silver prices rose in 2025 [PriceWatch]. With no major policy changes, focus on maintaining relationships with key partners like Switzerland while exploring emerging markets to diversify risk in Peru Unwrought Silver HS Code 710691 Export 2025 February.

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

Buyer Market Concentration and Dominance

In the Peru Unwrought Silver Export for February 2025, based on HS Code 710691, the buyer market shows strong concentration in four segments of buyers. According to yTrade data, the cluster of buyers making high-value but infrequent purchases dominates, accounting for over 61% of the total export value. This indicates a market where a few large transactions drive most of the revenue, with median transaction values being high due to the commodity nature of unwrought silver.

Strategic Buyer Clusters and Trade Role

The other clusters play distinct roles. Buyers with high value and high frequency represent steady, reliable customers, contributing about 36% of the value through regular large orders. Those with low value and high frequency are numerous small buyers, making up a tiny share of value but most of the transaction volume, likely involving smaller trades or spot market activities. The cluster with low value and low frequency has no activity, showing no current minor or irregular buyers in this period.

Sales Strategy and Vulnerability

For exporters in Peru, the strategy should focus on nurturing relationships with high-value buyers, as dependency on them poses a risk if demand shifts. The opportunity lies in leveraging rising silver prices, as noted in early 2025 [PriceWatch], which could increase export values. Sales should prioritize bulk deals over frequent small transactions to align with the dominant buyer behavior.

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

Strategic Supply Chain Overview

The Peru Unwrought Silver Export 2025 February under HS Code 710691 is driven by two key price factors. First, quality and grade differentiation, with premium silver (sub-code 7106912000) commanding nearly double the unit price. Second, global silver index trends, as prices rose in early 2025, influencing overall export values. This creates a supply chain focused on supply security for high-grade output and Peru's role as a processing hub for refined markets like Switzerland. Buyer concentration in high-value transactions and geographic dominance by Switzerland reinforce this structure, emphasizing bulk, quality-driven trade with limited value-add stages.

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

• Prioritize high-grade silver production using HS Code 710691 sub-code data. How: Allocate resources to sub-code 7106912000 based on unit price analysis. Why: It maximizes revenue per kilogram and aligns with premium market demand.
• Target high-value buyers with infrequent large orders using transaction frequency data. How: Identify and nurture relationships with buyers in the dominant cluster. Why: It secures stable, high-revenue deals and reduces vulnerability to demand shifts.
• Monitor global silver price trends with tools like PriceWatch. How: Integrate real-time price data into export timing decisions. Why: It allows for strategic pricing during peaks, boosting overall returns.
• Diversify export markets by analyzing geographic trade patterns. How: Explore opportunities in emerging partners beyond Switzerland. Why: It mitigates risks from over-reliance on a single market and taps into new demand sources.

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 February?

The surge in export value (up 99% month-over-month) and volume (up 66%) reflects heightened mining output and rising global silver prices, with no policy disruptions noted.

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

Switzerland dominates at 52.49% of export value, followed by Brazil and the United States, forming a high-volume cluster for refining and bullion trading.

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

The price gap stems from grade differentiation: high-grade silver (sub-code 7106912000) averages 1861.14 USD/kg, nearly double standard-grade (7106911000 at 983.83 USD/kg).

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

Prioritize premium-grade production and bulk deals with high-value buyers (61% of revenue), while diversifying beyond Switzerland to mitigate concentration risks.

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

Buyers in Switzerland and other key markets benefit from stable premium-grade supply but face price volatility tied to global silver indices.

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

Exported unwrought silver serves industrial refining, bullion markets, and jewelry production, with quality grades influencing end-use applications.