Peru Unwrought Silver HS710691 Export Data 2025 May Overview

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

Peru's Unwrought Silver (HS Code 710691) Export in 2025 May is dominated by bulk shipments to Brazil, India, and the US, which account for over 90% of the value, reflecting industrial-scale demand for standard-grade commodity silver. The market shows price volatility, with global silver prices rising 14.6% in Q2 2025, urging Peru to secure long-term contracts. Buyer concentration is high, with Brazil alone representing 32.62% of export value, posing supply chain risks if demand shifts. Smaller, frequent shipments to Italy and the UAE suggest niche demand for higher-purity silver. This analysis covers 2025 May and is based on cleanly processed Customs data from the yTrade database.

Peru Unwrought Silver (HS 710691) 2025 May Export Background

What is HS Code 710691?

HS Code 710691 refers to silver, unwrought, a raw form of the precious metal used primarily in industrial applications, jewelry, and investment products. Unwrought silver is a critical input for electronics, solar panels, and medical devices, driving consistent global demand. Its value is closely tied to commodity markets, making it sensitive to macroeconomic trends and geopolitical factors.

Current Context and Strategic Position

Peru remains a key exporter of unwrought silver, ranking as the 23rd largest global supplier in 2023 with exports valued at $251 million [OEC]. While no new export restrictions for Peru Unwrought Silver HS Code 710691 Export 2025 May were identified, global silver prices surged by 14.6% in Q2 2025, reaching $37.32 per ounce due to inflationary pressures and geopolitical risks [PriceWatch]. Peru’s role in the silver trade underscores its strategic importance, necessitating close monitoring of market shifts and policy developments.

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

Key Observations

In May 2025, Peru's exports of Unwrought Silver under HS Code 710691 totaled $39.37 million in value and 35.84 thousand kilograms in volume, marking a solid monthly performance despite a pullback from April's highs.

Price and Volume Dynamics

Month-over-month, export value fell 20.4% from April's $49.45 million, while volume dropped 16.6% from 42.97 thousand kg, indicating short-term volatility common in precious metal markets due to inventory adjustments and demand fluctuations. Year-over-year, the value surged approximately 88% compared to the 2023 monthly average of $20.92 million [World Bank], reflecting robust growth driven by heightened global industrial and investment demand throughout early 2025.

External Context and Outlook

This temporary dip aligns with broader silver price trends, which rose around 14.6% in Q2 2025 amid inflationary pressures and geopolitical risks [PriceWatch]. With no new export policies from Peru, the HS Code 710691 Export outlook for 2025 remains positive, supported by sustained market appetite and potential price stability.

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

Product Specialization and Concentration

In May 2025, Peru's exports of Unwrought Silver under HS Code 710691 show a clear specialization, with the higher-priced sub-code 7106912000 at 1223.37 USD per kilogram indicating a premium grade, while the lower-priced sub-code 7106911000 at 1035.52 USD per kilogram holds a larger value share of 62.76%, based on yTrade data. This unit price disparity highlights a focused product range within the same description of unwrought silver, not powder.

Value-Chain Structure and Grade Analysis

The sub-codes are grouped into two logical categories: a standard grade with lower unit price and a premium grade with higher unit price, both under the same form of unwrought silver. This structure points to a trade in differentiated goods rather than fully fungible commodities, where quality or purity variations drive price differences, suggesting that Peru's exports cater to distinct market segments based on grade.

Strategic Implication and Pricing Power

Peru can leverage this grade-based differentiation to enhance pricing power, targeting premium markets for higher returns. Supported by reports of rising silver prices in 2025 [PriceWatch], the focus should be on maintaining quality standards to capitalize on global demand trends for Peru Unwrought Silver HS Code 710691 Export 2025 May.

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

Geographic Concentration and Dominant Role

Peru's Unwrought Silver HS Code 710691 Export in 2025 May shows a clear concentration among three major buyers. Brazil, India, and the United States together account for over 90% of the total export value, with Brazil being the dominant partner at 32.62% of the value. The significant disparity between their high value share and even higher weight share (e.g., Brazil: 32.62% value vs. 34.32% weight) indicates these are bulk shipments of standard-grade commodity silver, where volume drives value rather than premium product characteristics.

Partner Countries Clusters and Underlying Causes

The data reveals two distinct clusters. The first consists of Brazil, India, and the US, which are high-volume, low-frequency buyers. This pattern is typical for large-scale industrial consumers or refiners purchasing raw silver in bulk for further processing. The second cluster includes Italy and the United Arab Emirates, which show high shipment frequency but much lower volumes per shipment. This suggests they are sourcing smaller, possibly higher-purity lots for specialized manufacturing or jewelry production, aligning with their industrial profiles.

Forward Strategy and Supply Chain Implications

For Peru, maintaining strong ties with its bulk buyers in Brazil, India, and the US is crucial for stable revenue, as they absorb the majority of production. The rising global silver price, which increased roughly 14.6% in Q2 2025 [PriceWatch](PriceWatch), means Peru must secure long-term contracts to lock in favorable margins amidst market volatility. Diversifying into more frequent, smaller shipments to partners like Italy could provide a buffer against price swings, but the core strategy should remain focused on reliably supplying its major volume partners.

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

Buyer Market Concentration and Dominance

The Peru Unwrought Silver Export market in 2025 May is highly concentrated, with one segment of buyers dominating the trade. According to yTrade data, buyers who make frequent, high-value purchases control 66.74% of the total export value under HS Code 710691. This group, representing major mining or trading entities, drives the market with consistent, bulk transactions. The overall market is characterized by a median of high-value deals with moderate frequency, indicating a reliance on a core set of key players for the majority of revenue.

Strategic Buyer Clusters and Trade Role

The remaining three segments play distinct roles. Buyers with infrequent but very high-value orders account for 31.22% of value, likely representing occasional bulk purchasers or investment-driven entities. A group with frequent but low-value transactions holds a small 1.63% value share, suggesting smaller, regular traders or local distributors. Finally, buyers with rare and low-value deals contribute minimally, possibly involving one-off or speculative purchases. In this commodity trade, the high-value clusters underscore the importance of large-scale, strategic buyers.

Sales Strategy and Vulnerability

For Peruvian exporters, the strategy should focus on nurturing relationships with dominant high-value buyers to secure stable revenue, while monitoring the infrequent high-value segment for opportunistic gains. The high dependence on a few buyers poses a risk to supply chain stability, but the rising silver prices in 2025 [PriceWatch] present an opportunity to leverage market trends. Sales should prioritize bulk, contract-based models to align with the commodity nature of unwrought silver.

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

Strategic Supply Chain Overview

Peru's Unwrought Silver Export 2025 May under HS Code 710691 operates as a grade-differentiated commodity. Price is driven by two factors: product quality (premium vs. standard grade purity) and global silver index trends, which rose 14.6% in Q2 2025. Supply chain implications are defined by high buyer concentration—three countries (Brazil, India, U.S.) absorb over 90% of volume via bulk, low-frequency purchases. This creates reliance on a few large buyers for revenue stability but exposes Peru to supply chain disruption if one major partner reduces orders. Peru acts as a raw material processing hub, not a finished goods exporter.

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

• Use buyer shipment frequency data to anticipate order cycles from bulk partners like Brazil. This prevents inventory overstock during low-demand periods and aligns production with buyer needs.
• Negotiate long-term contracts with premium-grade buyers, leveraging rising silver prices. Locking in favorable margins secures revenue against market volatility highlighted in 2025 trends.
• Diversify sales to high-frequency, lower-volume buyers in Italy or UAE. This reduces dependency on bulk partners and taps into specialized markets for higher-purity silver.
• Monitor competitor export data for HS Code 710691 to identify new geographic opportunities. Expanding to untraded markets mitigates risk if current bulk buyers shift suppliers.

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 May?

The May 2025 dip (-20.4% value, -16.6% volume vs. April) reflects short-term volatility, but year-over-year growth remains strong (+88% vs. 2023 average) due to rising global demand and silver prices.

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

Brazil (32.62% value), India, and the US dominate, collectively absorbing over 90% of exports, with Brazil also leading in shipment weight (34.32%).

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

Price gaps stem from grade differentiation: sub-code 7106912000 (premium unwrought silver) averages $1,223.37/kg, while 7106911000 (standard grade) trades at $1,035.52/kg.

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

Prioritize contracts with dominant high-value buyers (66.74% of trade) while securing long-term agreements to hedge against price volatility, as bulk shipments to Brazil/US/India drive stability.

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

Major buyers (Brazil/US/India) benefit from reliable bulk supply, while niche markets (Italy/UAE) access specialized grades through smaller, frequent shipments.

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

Exported unwrought silver serves as raw material for industrial refining and specialized manufacturing, with premium grades likely destined for high-purity applications like electronics or jewelry.