Peru Zinc Ore HS2608 Export Data 2025 Q1 Overview

Peru Zinc Ore (HS 2608) 2025 Q1 Export: Key Takeaways

Peru's Zinc Ore (HS Code 2608) Export in Q1 2025 was heavily concentrated in China, which accounted for 66.76% of the value and 65.65% of the weight, reflecting uniform pricing and consistent product grade typical for bulk commodities. The market shows high buyer concentration, with China dominating as the primary destination, while secondary partners like Spain and South Korea play smaller roles. Maintaining reliable supply chains to China is critical, though diversification could mitigate over-reliance risks. This analysis is based on cleanly processed Customs data from the yTrade database and covers Q1 2025.

Peru Zinc Ore (HS 2608) 2025 Q1 Export Background

Peru's Zinc Ore exports (HS Code 2608: zinc ores and concentrates) are critical for global industries like galvanized steel and batteries, with steady demand driven by infrastructure and renewable energy growth. Recent U.S. tariff exclusions under the U.S.-Peru Trade Promotion Agreement [Trade.gov] and expanded agricultural tariff frameworks [EY] create favorable conditions for Peru Zinc Ore HS Code 2608 Export 2025 Q1 trade. As a top global supplier, Peru's mining sector benefits from these policies while meeting international demand.

Peru Zinc Ore (HS 2608) 2025 Q1 Export: Trend Summary

Key Observations

Peru Zinc Ore HS Code 2608 Export in 2025 Q1 showed a sharp February spike, with unit prices jumping 10% to 1.10 USD/kg and export value surging 60% month-over-month, highlighting volatile quarterly performance.

Price and Volume Dynamics

Within Q1, volume and value peaked in February at 201.98 million kg and $222.80 million, respectively, before retreating in March. This pattern aligns with typical industrial demand cycles, where early-year stock replenishment often drives temporary spikes before normalization. The 45% volume increase from January to February suggests strong buyer activity, possibly linked to seasonal manufacturing upticks, while the subsequent decline indicates a return to baseline levels.

External Context and Outlook

The stability in trade flows is bolstered by the U.S.-Peru Trade Promotion Agreement, which eliminates tariffs on exports [U.S. – Peru Trade Promotion Agreement], reducing cost barriers. Recent U.S. agricultural tariff exclusions (U.S. – Peru Trade Promotion Agreement) may indirectly support mineral trade by fostering broader economic cooperation. Looking ahead, sustained demand from key markets like the U.S. and competitive pricing should maintain Peru's position as a top zinc ore supplier under HS Code 2608.

Peru Zinc Ore (HS 2608) 2025 Q1 Export: HS Code Breakdown

Product Specialization and Concentration

Peru's Zinc Ore exports under HS Code 2608 in Q1 2025 are overwhelmingly concentrated in the sub-code 2608000090 for Zinc ores and concentrates, which holds over 99% of the export value and weight. This dominant sub-code trades at 1.06 USD per kilogram, while a minor sub-code 2608000010 for the same product description has a significantly lower price of 0.17 USD per kilogram and represents less than 1% of the trade, indicating an isolated anomaly that is excluded from further analysis.

Value-Chain Structure and Grade Analysis

The remaining non-anomalous trade is unified under the high-value Zinc ores and concentrates of sub-code 2608000090, which functions as a bulk commodity with pricing likely linked to global indices for standard grades. This structure confirms that Peru Zinc Ore HS Code 2608 Export 2025 Q1 involves fungible raw materials rather than differentiated finished goods, with no significant value-add stages present in the export breakdown.

Strategic Implication and Pricing Power

For Peru Zinc Ore HS Code 2608 Export 2025 Q1, the extreme concentration in a single bulk commodity sub-code means pricing power is derived from global market conditions rather than product differentiation. Market players should focus on optimizing costs and volumes for the standard Zinc ores, as the minor variant offers no strategic leverage.

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Peru Zinc Ore (HS 2608) 2025 Q1 Export: Market Concentration

Geographic Concentration and Dominant Role

In Q1 2025, Peru's Zinc Ore HS Code 2608 Export was highly concentrated, with CHINA MAINLAND accounting for 66.76% of the value and 65.65% of the weight, indicating a dominant role as the primary market. The close match between value and weight ratios suggests uniform pricing and consistent product grade, typical for bulk commodities like zinc ore.

Partner Countries Clusters and Underlying Causes

The importers form three clusters: China alone due to its massive industrial demand for raw materials; Spain and South Korea as secondary partners with moderate volumes, likely driven by regional smelting or processing needs; and smaller European and Asian countries like Belgium and Japan, which may source for niche industrial applications or logistical advantages.

Forward Strategy and Supply Chain Implications

For Peru's zinc ore exports, maintaining reliable supply chains to key partners like China is crucial, while exploring diversification to mitigate over-reliance. Pricing should remain competitive given the commodity nature, and leveraging existing trade frameworks could support stability, though no specific news directly informs Q1 2025 strategies for these markets.

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Peru Zinc Ore (HS 2608) 2025 Q1 Export: Buyer Cluster

Buyer Market Concentration and Dominance

For Peru Zinc Ore Export 2025 Q1 under HS Code 2608, the buyer market shows extreme concentration, with over 90% of export value driven by a core group of buyers who make frequent, high-value purchases. This dominant segment, representing buyers with both high purchase frequency and high value, accounts for 92.82% of the total export value and 73.48% of transaction frequency, indicating a market heavily reliant on consistent, large-scale buyers. The median export characteristics are defined by high volume and regular transactions, emphasizing the critical role of this segment in the overall trade flow for the first quarter of 2025.

Strategic Buyer Clusters and Trade Role

The remaining three segments of buyers play smaller but distinct roles. Buyers with high value but low frequency contribute about 5% of value, likely representing occasional large purchases, such as from mining companies or smelters executing infrequent bulk orders. Buyers with low value but high frequency account for a minor share, around 1.58% of value, suggesting regular but smaller transactions, possibly from traders or smaller processors. Lastly, buyers with both low value and low frequency have minimal impact, under 1% of value, indicating sporadic, small-scale deals that might be opportunistic or experimental.

Sales Strategy and Vulnerability

For exporters in Peru, the strategy should prioritize nurturing relationships with the dominant high-value, high-frequency buyers to ensure stable revenue, while cautiously exploring opportunities to engage the occasional large buyers to mitigate over-reliance risks. The high concentration poses a vulnerability to demand shifts from key buyers, but trade agreements like the U.S.-Peru Trade Promotion Agreement, which eliminates tariffs on exports, support market access and growth [Trade.gov]. Sales models should focus on long-term contracts and bulk shipments to align with the commodity nature of Zinc Ore.

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Peru Zinc Ore (HS 2608) 2025 Q1 Export: Action Plan for Zinc Ore Market Expansion

Strategic Supply Chain Overview

Peru Zinc Ore Export 2025 Q1 under HS Code 2608 operates as a bulk commodity market. Price is driven by global zinc indices and China's industrial demand. Supply chain implications focus on secure, high-volume logistics to processing hubs. The market shows extreme buyer and geographic concentration. This creates reliance on key partners and bulk shipping models.

Action Plan: Data-Driven Steps for Zinc Ore Market Execution

• Negotiate long-term contracts with high-frequency buyers from trade data. This ensures stable revenue and reduces demand volatility risk.
• Monitor global zinc price indices weekly to adjust offer timing. This maximizes returns on bulk shipments tied to commodity cycles.
• Diversify export routes to include secondary markets like Spain. This mitigates over-reliance on a single dominant partner.
• Use buyer purchase frequency data to forecast inventory needs. This prevents stockpile costs and optimizes production planning.
• Leverage the U.S.-Peru Trade Promotion Agreement for tariff-free access. This expands potential buyer bases without cost penalties.

Peru Zinc Ore HS Code 2608 strategy must prioritize data over tradition. Traditional methods miss key buyer patterns and grade details. This causes missed revenue and inefficient logistics. Accurate trade intelligence is essential for profit.

Take Action Now —— Explore Peru Zinc Ore Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Peru Zinc Ore Export 2025 Q1?

Peru's Zinc Ore exports surged in February 2025, with a 60% month-over-month value increase and 10% price jump to 1.10 USD/kg, likely due to seasonal industrial demand spikes before normalizing in March.

Q2. Who are the main partner countries in this Peru Zinc Ore Export 2025 Q1?

China dominates with 66.76% of export value, followed by Spain and South Korea as secondary markets, while smaller European and Asian countries account for niche demand.

Q3. Why does the unit price differ across Peru Zinc Ore Export 2025 Q1 partner countries?

The price difference stems from the bulk commodity nature of sub-code 2608000090 (1.06 USD/kg), which covers 99% of exports, while a minor sub-code (2608000010) trades at 0.17 USD/kg but is statistically negligible.

Q4. What should exporters in Peru focus on in the current Zinc Ore export market?

Exporters should prioritize long-term contracts with high-value, high-frequency buyers (92.82% of trade) while cautiously engaging occasional bulk purchasers to mitigate over-reliance risks.

Q5. What does this Peru Zinc Ore export pattern mean for buyers in partner countries?

Buyers in China and other key markets benefit from stable, high-volume supply of standardized Zinc Ore, but should monitor Peru’s export concentration for potential supply chain vulnerabilities.

Q6. How is Zinc Ore typically used in this trade flow?

Zinc Ore is traded as a raw material for smelting or industrial processing, with Peru’s exports primarily serving bulk commodity demand rather than specialized applications.

Detailed Monthly Report

Peru HS2608 Export Snapshot 2025 JAN

Peru HS2608 Export Snapshot 2025 FEB

Peru HS2608 Export Snapshot 2025 MAR