Peru Unwrought Silver HS710691 Export Data 2025 October Overview

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

Peru's Unwrought Silver (HS Code 710691) export in October 2025 shows strong geographic concentration, with BRAZIL dominating as the top buyer, accounting for 27.91% of export value and 31.32% of weight, signaling bulk industrial demand. The market displays a price increase trend, requiring strategic price stability measures like forward contracts. Buyer concentration is high, with key importers including INDIA, UNITED STATES, and SWITZERLAND, while UNITED ARAB EMIRATES acts as a trading hub. This analysis is based on cleanly processed Customs data from the yTrade database for October 2025.

Peru Unwrought Silver (HS 710691) 2025 October Export Background

What is HS Code 710691?

HS Code 710691 refers to Silver, unwrought, a raw form of silver used primarily in industrial applications, jewelry, and investment products. Its demand is driven by sectors like electronics, solar panels, and bullion markets, reflecting its dual role as a commodity and a store of value. Global demand remains stable due to its essential industrial uses and status as a precious metal.

Current Context and Strategic Position

As of October 2025, Peru’s Unwrought Silver (HS Code 710691) Export flows remain consistent, with Spain as a key destination [World Bank Trade Data]. Rising silver prices in 2025 could influence trade dynamics, though no new export restrictions from Peru have been reported [PriceWatch]. Peru’s role as the 23rd-largest global silver exporter underscores its strategic importance in this market, necessitating close monitoring of trade policies and price trends.

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

Key Observations

Peru Unwrought Silver HS Code 710691 Export 2025 October declined to $55.69 million in value and 36,400 kg in volume, reflecting a notable pullback from September's stronger performance.

Price and Volume Dynamics

October's figures show a 16% month-over-month drop in value and a 29% decrease in volume compared to September. This retreat aligns with typical volatility in precious metals trading, where short-term fluctuations often follow periods of accumulation. Despite the monthly dip, 2025's export momentum remains robust overall, with October's value still 163% higher than January's baseline, indicating sustained underlying demand.

External Context and Outlook

The moderation in October's volume coincided with a 20% quarterly price surge for silver [PriceWatch], which helped buffer value against lower shipment weights. With no new export restrictions reported for Peru (OECD), the outlook remains driven by global industrial demand and commodity price trends. Market attention now turns to whether Q4 can sustain the elevated value levels seen through mid-2025.

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

Product Specialization and Concentration

In October 2025, Peru's export of Unwrought Silver under HS Code 710691 is dominated by the sub-code for standard unwrought silver. According to yTrade data, the sub-code 7106911000 holds a 51.61% value share of exports, with a unit price of 1422 USD per kilogram, while another sub-code 7106912000 has a higher unit price of 1663 USD per kilogram but a lower value share of 48.39%. This unit price disparity highlights a concentration in the lower-priced variant for this period.

Value-Chain Structure and Grade Analysis

The export structure consists of two main categories based on unit price: one group for unwrought silver priced around 1422 USD per kilogram and another at 1663 USD per kilogram, indicating potential differences in quality or purity grades. This setup points to a trade in fungible bulk commodities, where prices are influenced by market indices and grade specifications, rather than highly differentiated manufactured goods.

Strategic Implication and Pricing Power

For Peru's Unwrought Silver HS Code 710691 Export in 2025 October, the price variations suggest that exporters can adjust strategies based on global silver price trends, such as the noted increase in 2025 [PriceWatch], potentially enhancing pricing power. Market players should focus on monitoring grade-specific demand to optimize returns in this commodity-driven market.

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

Geographic Concentration and Dominant Role

In October 2025, Peru's export of Unwrought Silver HS Code 710691 shows strong geographic concentration, with BRAZIL as the dominant importer, holding 27.91% of the export value and 31.32% of the weight. The value ratio is lower than the weight ratio, indicating that BRAZIL purchases standard grade silver at a lower price per kg, suggesting bulk buying for industrial use rather than premium products.

Partner Countries Clusters and Underlying Causes

The importers form three clusters: first, high-volume buyers like BRAZIL, INDIA, UNITED STATES, and SWITZERLAND, which likely reflect large-scale refining or manufacturing demand due to their economic size. Second, UNITED ARAB EMIRATES has very high shipment frequency but low volume, pointing to a role as a trading hub for re-exports. Third, smaller regional players like CHILE and ARGENTINA import limited amounts, possibly for local or niche markets.

Forward Strategy and Supply Chain Implications

For Peru, leveraging its dominant export position to key partners like BRAZIL can secure stable demand, but the silver price increase in 2025 [PriceWatch] may allow for higher revenue if managed well. Importers should focus on price stability strategies, such as forward contracts, to handle volatility, while diversifying sources to reduce reliance on single suppliers.

Table: Peru Unwrought Silver (HS 710691) Top Partner Countries (Source: yTrade)

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

Buyer Market Concentration and Dominance

According to yTrade data, the Peru Unwrought Silver Export market for 2025 October is heavily concentrated. A small group of high-volume, regular buyers dominates trade, accounting for over 95% of the total export value under HS Code 710691. This shows the market relies heavily on a few key clients who purchase large amounts frequently.

Strategic Buyer Clusters and Trade Role

The remaining buyers fall into three segments. Occasional bulk buyers contribute about 4% of value through infrequent large orders. Regular small buyers make many transactions but for minimal total volume. Infrequent small buyers have little impact, representing a very small part of both value and order frequency. For a commodity like unwrought silver, these groups represent minor market access points or trial relationships rather than core trade channels.

Sales Strategy and Vulnerability

Peru's export strategy should focus on maintaining strong ties with the dominant bulk buyers, as losing even one would significantly impact revenue. The high dependency on a few clients creates vulnerability to demand shifts or price changes. With global silver prices rising notably in 2025 [PriceWatch], negotiations may favor sellers, but diversifying the buyer base could reduce risk long-term. The sales model must prioritize reliability and volume consistency to secure these crucial partnerships.

Table: Peru Unwrought Silver (HS 710691) Key Buyer Companies (Source: yTrade)

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

Strategic Supply Chain Overview

The Peru Unwrought Silver Export 2025 October under HS Code 710691 operates as a bulk commodity trade. Core price drivers are global silver index trends and product grade purity. Two distinct price points exist, reflecting standard and higher-grade silver. Supply chain implications center on supply security for key industrial partners. High buyer concentration creates reliance on a few bulk clients. Geographic focus on Brazil and other large economies reinforces this bulk industrial demand model.

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

• Track and compare unit prices by HS sub-code (e.g., 7106911000 vs. 7106912000) monthly. This identifies premium grade demand shifts to maximize revenue per shipment.
• Analyze shipment frequency data for top buyers like those in Brazil and the UAE. Use this to forecast demand cycles and optimize production scheduling to avoid delays.
• Initiate contract renegotiations with dominant bulk buyers using current rising price trends as leverage. This secures better terms while global prices are favorable.
• Profile and target occasional bulk buyers from trade data for relationship development. This builds a secondary client base to reduce over-reliance on a few partners.

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 October?

Peru's unwrought silver exports declined by 16% in value and 29% in volume in October 2025 compared to September, reflecting typical volatility in precious metals trading. Despite the monthly drop, annual demand remains strong, with October's value still 163% higher than January's baseline.

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

Brazil is the dominant importer, accounting for 27.91% of export value, followed by India, the United States, and Switzerland. These high-volume buyers likely reflect large-scale industrial or refining demand.

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

The price difference stems from two sub-codes: standard unwrought silver (7106911000) at $1,422/kg (51.61% share) and a higher-priced variant (7106912000) at $1,663/kg (48.39% share), indicating grade or purity variations.

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

Exporters should prioritize maintaining relationships with dominant bulk buyers, who account for over 95% of trade value, while exploring diversification to reduce reliance on a few key clients.

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

Buyers in major markets like Brazil benefit from bulk purchasing at lower unit prices, but they face supply chain risks due to Peru's heavy export concentration, necessitating price stability strategies.

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

Unwrought silver is traded as a fungible bulk commodity, primarily for industrial refining or manufacturing, with prices tied to market indices and grade specifications rather than product differentiation.