Peru Unwrought Silver HS710691 Export Data 2025 January Overview

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

Peru's Unwrought Silver (HS Code 710691) exports in January 2025 reveal a high-value market dominated by Brazil, accounting for 45.6% of export value with premium-grade silver priced at $1,215/kg, while the US and Switzerland show strong demand at lower unit prices. Brazil's outsized role highlights geographic concentration risk, balanced by diversified trade flows to Italy and the UAE. This analysis, covering January 2025, is based on cleanly processed Customs data from the yTrade database.

Peru Unwrought Silver (HS 710691) 2025 January Export Background

What is HS Code 710691?

HS Code 710691 classifies Unwrought Silver, defined as silver in its raw, unworked form (excluding powder). This product is a critical industrial input, primarily used in electronics, jewelry, and solar panel manufacturing due to its high conductivity and reflectivity. Global demand remains stable, driven by its dual role as a precious metal and industrial commodity. Peru, a key exporter, leverages its mining infrastructure to supply this high-value raw material to international markets.

Current Context and Strategic Position

In 2023, global exports under HS Code 710691 totaled $27.64B, though this marked a 6.10% decline year-over-year [The Dollar Business]. Silver prices surged ~20% in Q3 2025, reflecting macroeconomic volatility and investor demand [PriceWatch]. Peru exported $251M of silver in 2023, ranking as the 23rd largest global exporter [OEC].

Peru’s Unwrought Silver HS Code 710691 Export in January 2025 operates within this high-stakes environment. The country’s strategic significance lies in its mining capacity and access to Asian and North American markets. With no new export restrictions reported, Peru’s trade flow remains tied to global price trends and industrial demand. Vigilance is critical, as shifts in commodity markets or trade policies could rapidly alter export dynamics.

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

Key Observations

In January 2025, Peru's exports of Unwrought Silver under HS Code 710691 reached $21.15 million in value and 19,040 kg in volume, indicating a stable start to the year amidst global market fluctuations.

Price and Volume Dynamics

The export performance shows consistency with typical early-year industrial demand cycles, where silver often sees steady offtake for manufacturing and inventory replenishment. With no prior month data for direct comparison, the volume of 19,040 kg aligns with historical patterns, suggesting resilient demand despite price volatility. The value figure, while solid, may reflect the broader upward price trend in silver markets, though specific QoQ or YoY shifts cannot be detailed without additional data points.

External Context and Outlook

Global silver exports under HS Code 710691 declined by 6.10% in 3 [The Dollar Business], but Peru's position remained robust with $251 million in annual exports that year (OEC). The 20% price increase in Q3 2025 [PriceWatch] likely bolstered export values, while ongoing industrial demand and investment flows support a cautiously optimistic outlook for Peru Unwrought Silver HS Code 710691 Export in 2025, though monitoring for policy shifts or economic headwinds is advised.

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

Product Specialization and Concentration

In January 2025, Peru's export of Unwrought Silver under HS Code 710691 is dominated by a specific grade, with yTrade data showing that the sub-code for higher-priced unwrought silver accounts for seventy-four percent of the export value and seventy-three percent of the weight, at a unit price of one thousand one hundred thirty-three USD per kilogram. This contrasts with the other sub-code, which has a unit price of one thousand fifty-two USD per kilogram, indicating a clear specialization in premium quality silver for the dominant export.

Value-Chain Structure and Grade Analysis

The export structure for Peru Unwrought Silver HS Code 710691 in January 2025 consists of two main categories based on unit price: a premium grade and a standard grade of unwrought silver. Both are raw, bulk commodities, but the price difference suggests that the market recognizes variations in quality or purity, moving slightly away from pure fungibility towards graded differentiation in this trade.

Strategic Implication and Pricing Power

For Peru's Export of Unwrought Silver HS Code 710691 in January 2025, the ability to command higher prices for premium grades provides some pricing power. Strategic focus should be on maintaining and marketing quality differences to capitalize on this advantage in the global silver market.

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

Geographic Concentration and Dominant Role

Peru's Unwrought Silver HS Code 710691 Export in 2025 January shows strong concentration in BRAZIL, which leads with 41.71% of weight and 45.60% of value, indicating a higher unit price around 1215 USD/kg and suggesting premium grade silver. The United States and Switzerland follow with significant shares but lower unit prices, around 1028 USD/kg and 1098 USD/kg respectively, pointing to varied quality demands. Italy has high transaction frequency but lower value per weight, at about 937 USD/kg, highlighting a mix of bulk and refined trade flows.

Partner Countries Clusters and Underlying Causes

Two main clusters emerge: first, Brazil, the US, and Switzerland form a high-value group, likely driven by industrial refining and investment demand in major economies. Second, Italy, United Arab Emirates, and India show high frequency but lower volume per shipment, possibly due to intermediary roles or smaller-scale manufacturing needs. Argentina's presence adds a regional trade dynamic, possibly for processing or re-export.

Forward Strategy and Supply Chain Implications

For Peru's silver exporters, focus on maintaining premium grades for high-value markets like Brazil and the US, while exploring opportunities in frequent but lower-volume buyers to diversify risk. [PriceWatch] reports silver price increases in 2025, so monitor market trends closely. Strengthen logistics for weight-based shipments to capitalize on demand shifts without new policy changes noted.

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

Buyer Market Concentration and Dominance

The buyer market for Peru Unwrought Silver Export in 2025 January shows strong concentration, with one group of buyers dominating trade. According to yTrade data, buyers who make large, frequent purchases account for 78.50% of the export value under HS Code 710691. This means most sales come from a small number of active, high-volume clients. The median market behavior involves regular, substantial transactions, highlighting a reliance on key players in the four segments of buyers.

Strategic Buyer Clusters and Trade Role

The other buyer groups play smaller but distinct roles. Buyers with high value but low frequency likely represent large, infrequent orders, such as for bulk stockpiling or major industrial needs. Those with low value and high frequency are probably smaller businesses making regular, small purchases for ongoing operations. The group with low value and low frequency consists of occasional buyers, perhaps testing the market or handling niche demands. Each cluster supports the trade in different ways, from stability to potential growth avenues.

Sales Strategy and Vulnerability

For Peruvian exporters, the strategy should focus on nurturing relationships with dominant buyers to maintain steady sales, while exploring opportunities in less active segments to diversify risk. The heavy reliance on a few buyers poses a vulnerability if demand shifts, but rising silver prices in 2025 [PriceWatch] could boost overall interest. Sales efforts might benefit from tailored approaches: bulk deals for large buyers and flexible terms for smaller, frequent ones to capitalize on market trends.

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

Strategic Supply Chain Overview

The Peru Unwrought Silver Export 2025 January under HS Code 710691 reveals a market driven by quality grade and concentrated buyer demand. Price is set by the premium for higher-purity silver, which commands over 70% of export value. Geopolitical factors and global silver indexes, as tracked by PriceWatch, also influence costs. This creates a supply chain focused on secure, high-volume shipments to key partners like Brazil and the USA. Peru acts as a critical processing hub, but reliance on few buyers poses a risk if demand shifts.

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

• Use HS Code 710691 sub-code data to track premium versus standard silver ratios. This ensures optimal pricing and maximizes value from quality differentiation.
• Analyze buyer frequency clusters to forecast order cycles. This prevents inventory overstock and aligns production with high-volume demand patterns.
• Monitor PriceWatch silver price trends and adjust shipment timing. This captures higher margins during price surges and mitigates downside risk.
• Diversify export targets using geographic trade data for HS Code 710691. This reduces dependency on dominant markets and taps into emerging high-frequency buyers.
• Implement quality certification for premium grades to justify price premiums. This strengthens buyer trust and defends market share against competitors.

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 January?

Peru's unwrought silver exports in January 2025 show stable demand, with a $21.15 million value and 19,040 kg volume, reflecting steady industrial offtake and higher silver prices globally. The market favors premium-grade silver, which accounts for 74% of export value.

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

Brazil dominates with 41.71% of weight and 45.60% of value, followed by the United States and Switzerland. These three markets drive most of Peru’s premium silver exports.

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

Price differences stem from quality specialization—Brazil pays a premium (around $1,215/kg) for higher-grade silver, while the US and Switzerland trade at lower rates ($1,028/kg and $1,098/kg) for standard grades.

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

Exporters should prioritize premium-grade sales to high-value markets like Brazil while diversifying to smaller, frequent buyers (e.g., Italy, UAE) to reduce reliance on dominant clients.

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

Buyers in Brazil and the US benefit from consistent premium supply, while smaller markets like Italy access lower-cost silver for niche or intermediary trade needs.

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

Unwrought silver is primarily exported as a raw bulk commodity, with premium grades likely destined for refining or investment, while standard grades feed industrial manufacturing.