Peru Unwrought Silver HS710691 Export Data 2025 September Overview

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

Peru's Unwrought Silver (HS Code 710691) exports in September 2025 reveal a premium-grade market dominated by Switzerland, which accounts for 30.81% of the value, signaling high purity demand. The trade is heavily concentrated among financial hubs like Switzerland, Brazil, and the U.S., posing supply chain risks but offering premium pricing opportunities. Emerging regional buyers like India and the UAE show steady demand for standard grades, suggesting diversification potential. This analysis, covering September 2025, is based on cleanly processed Customs data from the yTrade database.

Peru Unwrought Silver (HS 710691) 2025 September 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 (for conductive components) and renewable energy (for solar panels), ensuring stable global demand. As a key industrial and precious metal, unwrought silver’s market dynamics are closely tied to commodity price trends and industrial production cycles [PriceWatch].

Current Context and Strategic Position

In 2023, Peru exported $251M of unwrought silver (HS Code 710691), ranking as the 23rd largest global exporter [OEC]. With silver prices rising approximately 20% in Q3 2025 [PriceWatch], Peru’s role in the 2025 September trade landscape remains critical due to its mining capacity and export volume. Vigilance is essential to navigate price volatility and potential policy shifts affecting Peru Unwrought Silver HS Code 710691 Export flows.

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

Key Observations

In September 2025, Peru's exports of Unwrought Silver under HS Code 710691 reached 66.63 million USD in value and 50.97 thousand kg in volume, marking a strong monthly performance.

Price and Volume Dynamics

The September figures show a month-over-month increase from August, with value rising by 22.4% and volume by 22.1%. Quarter-over-quarter, Q3 2025 averaged higher values compared to Q2, driven primarily by rising silver prices rather than volume surges, as typical in precious metals where price volatility often outweighs seasonal demand shifts. Year-over-year, while exact 2024 data isn't available, the 2023 annual export value of 251 million USD [The Observatory of Economic Complexity] suggests sustained growth momentum, supported by the price appreciation in 2025.

External Context and Outlook

The 20% silver price increase in Q3 2025, as reported by [PriceWatch], directly fueled the higher export values, reflecting global inflationary pressures and investment demand. Looking ahead, continued monitoring of economic indicators and potential policy shifts is advised to gauge future trends for Peru Unwrought Silver HS Code 710691 Export 2025 September.

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

Product Specialization and Concentration

According to yTrade data, the export of Peru Unwrought Silver under HS Code 710691 in September 2025 is dominated by sub-code 7106911000 for metals silver unwrought but not powder, which holds 61.58% of the value share and 64.58% of the weight share. Its unit price of 1246.46 USD per kilogram is lower than the other sub-code, indicating a focus on a more standard or bulk grade.

Value-Chain Structure and Grade Analysis

The two sub-codes, both for unwrought silver, show a clear split with unit prices of 1246.46 USD/kg and 1418.17 USD/kg. This price difference points to a market structure with lower-grade and higher-grade silver, suggesting that the trade involves differentiated goods based on quality rather than a uniform commodity.

Strategic Implication and Pricing Power

With quality-based pricing and external support from a 20% silver price increase in Q3 2025 [PriceWatch], Peruvian exporters can leverage higher-grade silver for better margins. Strategic efforts should focus on promoting premium grades to capitalize on this pricing power.

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

Geographic Concentration and Dominant Role

Peru's Unwrought Silver HS Code 710691 Export in 2025 September is heavily concentrated, with Switzerland as the top buyer, accounting for 30.81% of the value and 27.18% of the weight. The higher value ratio compared to weight ratio suggests Switzerland purchases a premium grade of silver, likely with higher purity, as commodities like silver are priced per kilogram based on quality.

Partner Countries Clusters and Underlying Causes

The top importers form two clear clusters: first, Switzerland, Brazil, the United States, and Canada, which together handle over 90% of the value, indicating strong demand from major financial and industrial centers for high-grade silver. Second, countries like India, Chile, and the United Arab Emirates show smaller but consistent volumes, possibly serving as regional hubs or having specific industrial uses that require standard grades.

Forward Strategy and Supply Chain Implications

For market players, focusing on maintaining supply to high-value markets like Switzerland can secure better prices, while diversifying into emerging clusters could hedge against demand shifts. Given silver's commodity nature, monitoring global price trends and ensuring consistent quality will be key to leveraging Peru's export strengths in 2025.

Table: Top Partner Countries (Source: yTrade)

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

Buyer Market Concentration and Dominance

According to yTrade data, the Peru Unwrought Silver Export market in September 2025 under HS Code 710691 is heavily concentrated, with one group of buyers dominating the trade. Buyers who purchase large volumes frequently represent over 92% of the export value, while accounting for about 32% of transaction frequency. This indicates that the market is driven by a small number of high-volume, regular customers, with the median buyer contributing minimally to overall value. The analysis covers four segments of buyers, highlighting a stark imbalance in value distribution.

Strategic Buyer Clusters and Trade Role

The other buyer segments play minor but distinct roles. Buyers who make infrequent but high-value purchases contribute nearly 5% of value, likely representing occasional bulk buyers or speculators in the commodity market. Buyers who frequently purchase small amounts account for over 61% of transactions but only 1.7% of value, suggesting they are small-scale traders or local distributors. Finally, buyers with rare, small purchases have negligible impact, possibly one-time or experimental clients.

Sales Strategy and Vulnerability

For Peruvian exporters, the strategy should focus on nurturing relationships with dominant high-volume buyers to secure stable revenue, given the high dependence on this segment. The risk lies in over-reliance on a few key clients, which could disrupt trade if demand shifts. However, rising silver prices, as noted in PriceWatch, present an opportunity to leverage current market trends. The sales model should prioritize bulk contracts and consistent supply chains to mitigate volatility.

Table: Key Buyer Companies (Source: yTrade)

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

Strategic Supply Chain Overview

The Peru Unwrought Silver Export 2025 September under HS Code 710691 operates as a quality-differentiated commodity market. Price is driven by two factors: the grade of silver (with premiums for higher purity) and the global silver price index, which rose 20% in Q3 2025. Supply chain implications are clear. Peru acts as a critical processing hub, feeding high-volume buyers in financial centers like Switzerland. This creates a concentrated but high-value export flow.

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

• Use HS Code sub-data to identify buyers of premium-grade silver. Target them with tailored offers. This maximizes margin per kilogram exported.
• Monitor transaction frequency of top Swiss and US buyers. Predict their demand cycles to optimize production scheduling. This prevents stockouts or overstock.
• Analyze buyer clusters by purchase size. Develop loyalty programs for high-volume clients. This secures stable revenue in a volatile commodity market.
• Track real-time silver prices from indices like PriceWatch. Adjust contract pricing clauses quarterly. This protects against global price drops.
• Map emerging importers like India and UAE. Offer standard-grade silver to diversify your buyer base. This reduces reliance on a few key markets.

Risk Mitigation and Forward Strategy

Over-reliance on a few buyers poses a major risk. Any demand shift from Switzerland or Brazil could disrupt trade. Price volatility also threatens contract stability. Counter this by expanding into smaller but growing markets. Use grade-based pricing to maintain competitiveness. Always align production with global silver trends to safeguard Peru's export earnings.

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 September?

The 22.4% month-over-month value increase is primarily driven by a 20% global silver price surge in Q3 2025, with higher-grade unwrought silver (1418.17 USD/kg) contributing to premium margins.

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

Switzerland dominates with 30.81% of export value, followed by Brazil, the US, and Canada, which collectively account for over 90% of total trade.

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

Price differences stem from quality tiers: bulk-grade silver (1246.46 USD/kg) is widely traded, while Switzerland pays a premium (1418.17 USD/kg) for higher-purity unwrought silver.

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

Exporters should prioritize contracts with high-volume buyers (92% of value) and promote premium-grade silver to Switzerland to capitalize on price differentials.

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

Major buyers like Switzerland benefit from consistent high-quality supply, while smaller markets face limited access due to Peru’s focus on dominant trade clusters.

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

Unwrought silver is primarily traded as a commodity for industrial refining or investment purposes, with quality grades determining its end-use in electronics or bullion markets.