Peru Zinc Ore HS2608 Export Data 2025 Q2 Overview

Peru Zinc Ore (HS 2608) 2025 Q2 Export: Key Takeaways

China dominates Peru’s Zinc Ore (HS Code 2608) exports in 2025 Q2, accounting for 57% of both value and weight, signaling a standardized bulk-grade product priced at ~1.05 USD/kg. High-volume buyers like China and Spain drive demand, while premium markets like Brazil suggest niche opportunities for higher-grade ore. The market shows stable trade patterns, with no major volatility, but reliance on a single dominant buyer poses concentration risk. This analysis, covering 2025 Q2, is based on cleanly processed Customs data from the yTrade database.

Peru Zinc Ore (HS 2608) 2025 Q2 Export Background

Zinc Ore (HS Code 2608: Zinc ores and concentrates) is a critical raw material for galvanizing, batteries, and alloys, driving steady global demand. Recent U.S. tariff exemptions under the U.S.-Peru Trade Promotion Agreement [Trade.gov] and Peru’s strong import activity (USD 4.28M in July 2025) [MarketInsideData] highlight favorable conditions for Peru Zinc Ore exports in 2025 Q2. As a top supplier, Peru benefits from open trade policies and growing industrial needs, reinforcing its role in global zinc supply chains.

Peru Zinc Ore (HS 2608) 2025 Q2 Export: Trend Summary

Key Observations

Peru Zinc Ore HS Code 2608 Export in 2025 Q2 showed a strong performance, with total export value surging by approximately 47% quarter-over-quarter to $801 million, driven by a similar increase in volume, while unit prices remained stable around $1.05 per kg.

Price and Volume Dynamics

The Q2 growth reflects typical mining output cycles, where increased production and shipment volumes in the second quarter often align with heightened global industrial demand for zinc, used in galvanizing and alloys. Compared to Q1, both value and volume rose significantly, with June seeing the highest monthly volume at 291 million kg, indicating robust export momentum without major price volatility, as unit prices fluctuated narrowly between $1.02 and $1.08 per kg.

External Context and Outlook

This stability and growth are bolstered by favorable trade policies, including the U.S.-Peru Trade Promotion Agreement that eliminates tariffs on such exports [Trade.gov], and the absence of new restrictions provides a supportive backdrop (Chambers Global Practice Guides). Ongoing demand from key markets like the U.S., coupled with Peru's role as a major producer, suggests sustained export strength for HS Code 2608 products through 2025.

Peru Zinc Ore (HS 2608) 2025 Q2 Export: HS Code Breakdown

Product Specialization and Concentration

In 2025 Q2, Peru's Zinc Ore exports under HS Code 2608 are dominated by sub-code 2608000090, described as Zinc ores and concentrates, which holds a value share of over 99% and a weight share of 98%. Its unit price of 1.07 USD per kilogram indicates a high-grade specialization. The minor sub-code 2608000010, with a unit price of only 0.17 USD per kilogram, is isolated as an anomaly, likely representing a lower-quality or residual product.

Value-Chain Structure and Grade Analysis

The export structure consists of two clear categories: a premium-grade zinc ore under 2608000090 and a low-grade variant under 2608000010. This division suggests that Peru's Zinc Ore trade is primarily focused on fungible bulk commodities, with pricing driven by quality differences rather than complex value-added stages. The market operates on a commodity basis, tied to global ore indices.

Strategic Implication and Pricing Power

Peru's heavy reliance on the high-unit-price sub-code for Zinc Ore exports in 2025 Q2 grants it strong pricing power, allowing it to leverage quality for better returns. Exporters should prioritize maintaining high-grade standards to sustain premium pricing. Broader trade agreements, such as the US-Peru Trade Promotion Agreement, support stable export conditions without specific restrictions on HS Code 2608 [Trade.gov], reinforcing a favorable strategic environment.

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Peru Zinc Ore (HS 2608) 2025 Q2 Export: Market Concentration

Geographic Concentration and Dominant Role

China is the clear leader in importing Peru Zinc Ore HS Code 2608 Export for 2025 Q2, with 57% of value and 57% of weight, indicating a dominant role in both volume and financial terms. The nearly identical value and weight ratios across most top countries, like China and Spain, point to a consistent, standard grade of Zinc Ore being traded, with unit prices around 1.05 USD per kilogram for bulk shipments.

Partner Countries Clusters and Underlying Causes

The importers fall into three groups: high-volume buyers like China and Spain, which likely source for large-scale industrial use; premium markets like Brazil and Belgium, where higher value ratios suggest better-grade ore or specialized processing needs; and cost-sensitive buyers like Japan and South Korea, with lower value ratios indicating bulk purchases or lower quality. These patterns may stem from regional demand, trade routes, or specific industrial requirements.

Forward Strategy and Supply Chain Implications

For Peru Zinc Ore HS Code 2608 Export, focus on maintaining supply to high-volume markets like China while exploring premium segments in countries like Brazil. Trade agreements, such as the U.S.-Peru Trade Promotion Agreement, can reduce barriers and facilitate exports [U.S. – Peru Trade Promotion Agreement], though Zinc Ore may not directly benefit from recent agricultural exemptions. Ensure logistics are optimized for weight-based shipments to keep costs competitive.

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Peru Zinc Ore (HS 2608) 2025 Q2 Export: Buyer Cluster

Buyer Market Concentration and Dominance

In the Peru Zinc Ore Export 2025 Q2 under HS Code 2608, the analysis of four segments of buyers shows a highly concentrated market. One group of buyers, who place frequent and high-value orders, dominates with 91.16% of the total export value. This segment also accounts for 78.59% of purchase frequency, indicating that the market is driven by a few large, regular buyers typical for commodity exports like zinc ore.

Strategic Buyer Clusters and Trade Role

The other buyer segments play smaller roles. Buyers with high value but infrequent purchases represent 7.13% of value, likely consisting of occasional bulk buyers such as smelters or processors. Those with low value but high frequency make up 0.98% of value, suggesting small-scale or regular traders. The segment with low value and low frequency contributes 0.74% of value, possibly including niche or one-time purchasers.

Sales Strategy and Vulnerability

For exporters in Peru, the strategy should focus on securing and nurturing relationships with the dominant high-value, high-frequency buyers to ensure stable sales. There is a risk of over-reliance on this segment, so targeting the high-value, low-frequency buyers could offer diversification opportunities. The sales model likely involves long-term contracts for major buyers and spot transactions for others. The U.S.-Peru Trade Promotion Agreement supports this by facilitating tariff-free exports, as noted in [U.S. Trade.gov], which can help mitigate trade barriers and enhance market access.

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Peru Zinc Ore (HS 2608) 2025 Q2 Export: Action Plan for Zinc Ore Market Expansion

Strategic Supply Chain Overview

The Peru Zinc Ore Export 2025 Q2 under HS Code 2608 operates as a bulk commodity market. Price is driven by product quality and global ore indices. The market shows high reliance on China for volume and premium buyers for value. This creates a supply chain focused on secure, high-volume shipments to key industrial hubs. Peru acts as a critical raw material processing and export hub. Trade agreements like the U.S.-Peru TPA support stable access but do not eliminate index price volatility.

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

• Use HS Code sub-component data to track and certify ore grade for every shipment. This maintains premium pricing and buyer trust.
• Analyze buyer frequency patterns to anticipate order cycles and optimize inventory levels. This prevents stockouts or overstock costs.
• Map geographic trade flows to prioritize logistics for high-volume routes like China. This reduces shipping costs and delays.
• Diversify buyer portfolios by targeting high-value, low-frequency importers in markets like Brazil. This reduces over-reliance on a few major clients.
• Monitor global zinc price indices and adjust contract terms in real-time. This captures maximum value during price peaks.

Risk Mitigation and Forward Strategy

Over-reliance on China and a few buyers poses a volume risk. Geopolitical shifts or demand drops in these markets could disrupt exports. Maintain grade consistency to avoid price penalties. Use trade data to spot new demand hubs early. Adapt logistics for cost-sensitive buyers without sacrificing margin. The future depends on balancing volume security with value optimization.

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Frequently Asked Questions

Q1. What is driving the recent changes in Peru Zinc Ore Export 2025 Q2?

The Q2 surge in Peru's Zinc Ore exports, with a 47% increase in value and volume, is driven by heightened global industrial demand and stable unit prices around $1.05 per kg, reflecting typical mining output cycles.

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

China dominates with 57% of export value and weight, followed by Spain, Brazil, and Belgium, which represent premium or bulk buyer segments.

Q3. Why does the unit price differ across Peru Zinc Ore Export 2025 Q2 partner countries?

The price difference stems from two product grades: high-grade Zinc Ore (sub-code 2608000090 at $1.07/kg) and a low-grade variant (2608000010 at $0.17/kg), traded based on quality.

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

Exporters should prioritize relationships with dominant high-value, high-frequency buyers (91% of export value) while exploring premium markets like Brazil to diversify reliance on China.

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

Buyers in China benefit from consistent bulk supply, while premium-market buyers (e.g., Brazil) may access higher-grade ore. Small traders face limited opportunities due to market concentration.

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

Zinc Ore is primarily traded as a bulk commodity for industrial applications like galvanizing and alloy production, with minimal value-added processing.

Detailed Monthly Report

Peru HS2608 Export Snapshot 2025 APR

Peru HS2608 Export Snapshot 2025 MAY

Peru HS2608 Export Snapshot 2025 JUN