Peru Zinc Ore HS2608 Export Data 2025 Q3 Overview

Peru Zinc Ore (HS 2608) 2025 Q3 Export: Key Takeaways

Peru's Zinc Ore exports under HS Code 2608 in 2025 Q3 reveal China as the dominant buyer, accounting for nearly half of shipments, with stable pricing indicating bulk standard-grade ore. The market shows clear buyer clusters, including high-volume industrial processors (China, Canada, Spain) and niche buyers (US, Mexico) paying premiums for specialized grades. This analysis, based on cleanly processed Customs data from the yTrade database, highlights Peru's reliance on China while underscoring opportunities to diversify into higher-value markets.

Peru Zinc Ore (HS 2608) 2025 Q3 Export Background

Peru's Zinc Ore exports (HS Code 2608: Zinc ores and concentrates) fuel global industries like galvanized steel and batteries, with steady demand driven by infrastructure and renewable energy needs. Recent US tariff exemptions, including 100 Peruvian agricultural products [TradingView], hint at shifting trade dynamics, while Peru remains a top supplier—its July 2025 lead ore imports (HS 2608000090) hit $4.28M [MarketInsideData]. The 2025 Q3 data will reveal how these policies impact Zinc Ore flows.

Peru Zinc Ore (HS 2608) 2025 Q3 Export: Trend Summary

Key Observations

Peru's Zinc Ore exports under HS Code 2608 in Q3 2025 experienced a sharp decline, with volume dropping approximately 15% quarter-over-quarter and unit price hitting a low of $0.95/kg in August, signaling heightened volatility.

Price and Volume Dynamics

The Q3 2025 performance saw export volume fall to around 646 million kg from 762 million kg in Q2, while value decreased notably, driven by the August price plunge. This downturn aligns with typical seasonal mining cycles in Peru, where Q3 often faces operational challenges like increased rainfall affecting extraction and logistics, leading to supply disruptions and price swings. The recovery in September's price to $1.02/kg suggests a partial rebound, possibly due to restocking or improved weather conditions.

External Context and Outlook

Policy changes, such as the reduction in export duties effective July 2025 as reported by [[International Trade 2025

• Peru
• Chambers Global Practice Guides](https://practiceguides.chambers.com/practice-guides/international-trade-2025/peru/trends-and-developments)], may have influenced cost structures but were overshadowed by seasonal factors. Looking ahead, sustained global industrial demand and stable trade frameworks under the U.S.-Peru Trade Promotion Agreement (U.S. – Peru Trade Promotion Agreement) could support a rebound in Peru Zinc Ore HS Code 2608 Export 2025 Q4, though weather-related risks persist.

Peru Zinc Ore (HS 2608) 2025 Q3 Export: HS Code Breakdown

Product Specialization and Concentration

Peru's Zinc Ore exports under HS Code 2608 in Q3 2025 are overwhelmingly concentrated in sub-code 2608000090 for Zinc ores and concentrates, which holds a 97% value share and 98% weight share of total exports. The unit price for this dominant sub-code is 1.02 USD per kilogram, while a minor sub-code, 2608000010, has a higher unit price of 1.35 USD per kilogram, indicating a potential grade or quality difference that is isolated from the main analysis due to its small share.

Value-Chain Structure and Grade Analysis

The export structure for Peru Zinc Ore HS Code 2608 in 2025 Q3 is divided into two categories: a bulk-grade zinc ore under sub-code 2608000090, which represents the vast majority of shipments, and a higher-value grade under sub-code 2608000010. This setup points to a trade primarily in fungible bulk commodities, where prices are likely tied to global market indices, with a minor segment for potentially upgraded or specialized ores that command a premium.

Strategic Implication and Pricing Power

For Peru's Zinc Ore Export under HS Code 2608 in 2025 Q3, the high concentration in bulk-grade exports grants substantial pricing power, but it also exposes the market to commodity price swings. Exporters should prioritize cost efficiency and consistent quality in the bulk segment while considering limited investments in higher-grade products to capture niche markets and reduce dependency on volatile bulk prices.

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Peru Zinc Ore (HS 2608) 2025 Q3 Export: Market Concentration

Geographic Concentration and Dominant Role

In 2025 Q3, Peru's Zinc Ore exports under HS Code 2608 were highly concentrated, with China Mainland accounting for nearly half of the total weight and value. China's value share of 48.51% is slightly lower than its weight share of 49.76%, indicating a marginally lower unit price around 1.00 USD per kilogram, which points to bulk shipments of standard-grade ore. This dominance reflects China's role as the primary market for Peru's zinc ore exports during this period.

Partner Countries Clusters and Underlying Causes

The importers form three clear clusters based on trade patterns. The first cluster includes China, Canada, and Spain, which together handle over 75% of the weight, with value ratios closely matching weight ratios, suggesting consistent, large-volume purchases for industrial processing. The second cluster consists of South Korea, Germany, and Finland, with moderate volumes and balanced ratios, indicating stable demand for mid-grade ore. The third cluster features Mexico, the United States, Norway, and Brazil, where higher value ratios relative to weight (e.g., Mexico's value ratio is 4.16% vs. weight ratio of 2.97%) imply preferences for higher-grade or specialized zinc ore, possibly due to specific industrial needs or shorter supply chains.

Forward Strategy and Supply Chain Implications

For Peruvian exporters, the geographic concentration underscores the need to diversify markets to reduce reliance on China, while emphasizing grade differentiation to capture higher values in markets like the US and Mexico. Importers should secure long-term contracts with Peru, given its role as a key zinc ore supplier [The Dollar Business], and monitor logistics for cost efficiency, especially with recent US trade policies potentially affecting agricultural exports but leaving mineral trade open to opportunities.

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Peru Zinc Ore (HS 2608) 2025 Q3 Export: Buyer Cluster

Buyer Market Concentration and Dominance

The Peru Zinc Ore Export 2025 Q3 under HS Code 2608 shows a highly concentrated buyer market, with one segment of buyers responsible for 97.40% of the total export value. This dominant group consists of companies that make large, frequent purchases, driving nearly all trade activity. Across the four segments of buyers, the market is defined by this heavy reliance on a few key players, with median trade patterns skewed towards high-volume, regular transactions.

Strategic Buyer Clusters and Trade Role

The other buyer segments play smaller but distinct roles. Buyers with high value but low frequency represent occasional large deals, likely for specific projects or bulk spot purchases. Those with low value but high frequency are regular smaller buyers, possibly smaller traders or firms with consistent but modest demand. The low value and low frequency group consists of infrequent, minor purchasers, such as opportunistic or niche market participants. For a commodity like Zinc Ore, this structure highlights the importance of major bulk buyers alongside varied secondary demand.

Sales Strategy and Vulnerability

For exporters in Peru, the strategic focus must be on maintaining strong relationships with the dominant bulk buyers to secure steady revenue. However, this concentration poses a risk of over-reliance, making diversification into other segments a key opportunity to reduce vulnerability. The sales model should prioritize contract-based bulk sales, supported by Peru's trade policies like reduced customs duties for exports, as noted in [Chambers Global Practice Guides], which encourage a stable export environment but require careful risk management.

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Peru Zinc Ore (HS 2608) 2025 Q3 Export: Action Plan for Zinc Ore Market Expansion

Strategic Supply Chain Overview

The Peru Zinc Ore Export 2025 Q3 under HS Code 2608 is a bulk commodity trade. Its price is driven by global index pricing and ore grade differences. The supply chain is highly concentrated. China dominates as the primary buyer of standard-grade ore. This creates reliance on bulk shipping and exposes Peru to commodity price swings. Minor high-grade shipments to markets like the US and Mexico offer premium opportunities but lack scale.

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

• Use buyer frequency data to lock in long-term contracts with high-volume importers. This ensures stable revenue and reduces market volatility risk.
• Analyze destination-specific unit prices to prioritize sales of higher-grade ore to markets like Mexico and the US. This maximizes value per shipment.
• Monitor HS Code 2608 sub-code trends to identify niche demand for specialized zinc products. This diversifies income streams beyond bulk commodities.
• Track geographic trade flows to develop alternative buyers in regions like Europe and South Korea. This reduces over-dependence on a single market.
• Leverage Peru's export-friendly policies to optimize logistics costs for bulk shipments. This maintains competitiveness in price-sensitive markets.

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 Q3?

Peru's Zinc Ore exports in Q3 2025 saw a 15% volume drop and price volatility, with August hitting $0.95/kg due to seasonal mining disruptions like rainfall. The rebound to $1.02/kg in September suggests partial recovery.

Q2. Who are the main partner countries in this Peru Zinc Ore Export 2025 Q3?

China dominates with 48.5% of export value, followed by Canada and Spain, which together account for over 75% of weight. Smaller markets like Mexico and the US show higher value shares for specialized grades.

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

The bulk-grade sub-code 2608000090 (97% share) trades at $1.02/kg, while the minor high-grade sub-code 2608000010 commands $1.35/kg. Markets like Mexico pay premiums for specialized ores.

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

Exporters must prioritize contracts with dominant bulk buyers (97.4% of value) while diversifying into niche markets like the US/Mexico to reduce reliance on China and commodity price swings.

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

Major buyers (e.g., China) benefit from stable bulk supply, while smaller markets can secure higher-grade ores. Over-reliance on Peru’s seasonal output requires careful inventory planning.

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

Zinc Ore is primarily exported as bulk-grade concentrates for industrial smelting, with minor high-grade shipments likely serving specialized metallurgical or chemical applications.

Detailed Monthly Report

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