Peru Zinc Ores HS260800 Export Data 2025 Q2 Overview

Peru Zinc Ores (HS 260800) 2025 Q2 Export: Key Takeaways

Peru's Zinc ores (HS Code 260800) Export in 2025 Q2 shows China as the dominant buyer, capturing 57% of value and weight, suggesting a preference for higher-grade ores. The market exhibits strong geographic concentration, with China driving bulk demand while Spain and Japan form a secondary cluster for specialized needs. This analysis, based on cleanly processed Customs data from the yTrade database, highlights both opportunity and risk—Peru must maintain ties with China while diversifying to mitigate over-reliance.

Peru Zinc Ores (HS 260800) 2025 Q2 Export Background

What is HS Code 260800?

HS Code 260800 covers zinc ores and concentrates, a critical raw material for industries like galvanizing, alloy production, and battery manufacturing. Global demand remains stable due to its essential role in infrastructure and renewable energy sectors. Peru, a top global zinc producer, leverages this trade flow to meet international market needs.

Current Context and Strategic Position

The EU–Colombia, Peru, and Ecuador Trade Agreement updated its rules of origin in June 2025, aligning with HS 2022 adjustments, which may impact Peru's zinc ore exports to the EU [European Commission]. Meanwhile, the U.S.-Peru Trade Promotion Agreement maintains tariff-free access for minerals, including zinc ores, ensuring competitive export conditions (USITC). Peru’s strategic position as a leading zinc supplier underscores the importance of monitoring trade policy shifts and market dynamics in 2025 Q2.

Peru Zinc Ores (HS 260800) 2025 Q2 Export: Trend Summary

Key Observations

Peru Zinc ores HS Code 260800 Export 2025 Q2 demonstrated robust growth, with total export value reaching $801.12 million and volume hitting 761.72 million kg. This performance reflects strong quarterly momentum, building on Q1's foundation.

Price and Volume Dynamics

Both value and volume increased significantly from Q1 to Q2, rising 30% and 27% respectively. This surge aligns with typical seasonal strengthening in industrial demand during the second quarter, as global manufacturing and construction activities accelerate. The consistent upward trajectory month-over-month, particularly the June peak, indicates sustained buyer interest and efficient supply chain operations, underscoring healthy market fundamentals.

External Context and Outlook

Trade policy stability supported this growth, as the U.S.-Peru Trade Promotion Agreement (USITC) continued providing tariff-free access for mineral exports. While broader U.S. tariff actions were announced in April 2025 (EY Tax News), zinc ores were not directly affected, helping maintain favorable export conditions. Looking ahead, steady industrial demand and reliable trade terms should support continued export strength into the second half of the year.

Peru Zinc Ores (HS 260800) 2025 Q2 Export: HS Code Breakdown

Product Specialization and Concentration

Peru's export of Zinc ores under HS Code 260800 in 2025 Q2 shows extreme concentration in a high-value sub-category. According to yTrade data, the sub-code 2608000090 for Zinc ores and concentrates dominates with a 99.74 percent value share and a unit price of 1.07 USD per kilogram. A separate sub-code, 2608000010, has a much lower unit price of 0.17 USD per kilogram and is isolated as an anomaly due to its minimal 0.26 percent value share.

Value-Chain Structure and Grade Analysis

After isolating the anomalous low-price sub-code, the remaining exports consist solely of the high-unit-price Zinc ores and concentrates from sub-code 2608000090. This structure indicates a trade in differentiated bulk commodities, where the high unit price suggests a processed or higher-grade concentrate rather than raw ore. The lack of multiple categories points to a focused export strategy on value-added forms within this HS code.

Strategic Implication and Pricing Power

The high concentration in a premium-grade product for Peru Zinc ores HS Code 260800 Export in 2025 Q2 grants significant pricing power to exporters specializing in this segment. Market players should focus on maintaining quality standards to leverage this advantage, as the trade remains stable under existing agreements like the U.S.-Peru Trade Promotion Agreement, which continues to provide tariff-free access [Taxation and Customs Union].

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Peru Zinc Ores (HS 260800) 2025 Q2 Export: Market Concentration

Geographic Concentration and Dominant Role

In Q2 2025, Peru's Zinc ores HS Code 260800 Export shows strong concentration, with CHINA MAINLAND as the dominant buyer, accounting for 57.08% of value and 56.93% of weight. The slight value ratio lead over weight ratio suggests China may pay a higher unit price, around 1.05 USD/kg, indicating a preference for possibly higher-grade ores from Peru.

Partner Countries Clusters and Underlying Causes

Two main clusters emerge: China alone drives bulk demand for raw materials due to its massive industrial base. Spain and Japan form a second cluster with moderate volumes but solid value shares, likely sourcing for specialized smelting or alloy production. A third group, including Brazil and Canada, has lower engagement, possibly serving as backup or niche markets with less consistent orders.

Forward Strategy and Supply Chain Implications

For Peru's zinc ore exporters, maintaining strong ties with China is key, while exploring stable deals with EU partners like Spain under updated rules of origin [European Union]. Diversifying to avoid over-reliance on single markets can hedge against trade shifts, such as potential US tariff impacts (European Union).

Table: Peru Zinc Ores (HS 260800) Top Partner Countries (Source: yTrade)

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Peru Zinc Ores (HS 260800) 2025 Q2 Export: Buyer Cluster

Buyer Market Concentration and Dominance

According to yTrade data, the Peru Zinc ores Export 2025 Q2 under HS Code 260800 shows a highly concentrated buyer market, with one segment of buyers dominating over 91% of the total value and nearly 79% of transaction frequency. This dominant group consists of buyers making large, regular purchases, which is typical for commodity exports like zinc ores. The market is characterized by high-value, high-frequency transactions, indicating strong reliance on a few key players for the majority of trade.

Strategic Buyer Clusters and Trade Role

The other three segments of buyers play smaller but distinct roles. Buyers with high value but low frequency likely represent companies making infrequent bulk purchases, such as for specific projects or spot deals. Buyers with low value but high frequency are probably smaller traders or distributors handling frequent, smaller quantities for local or niche markets. Buyers with low value and low frequency are infrequent, small-scale purchasers, possibly new entrants or occasional buyers, contributing minimally to overall trade.

Sales Strategy and Vulnerability

For exporters in Peru, the strategy should focus on nurturing relationships with the dominant buyers to ensure steady revenue, while exploring opportunities to engage with other segments for diversification and reduced dependency risks. The stable trade environment, supported by agreements like the U.S.-Peru Trade Promotion Agreement [U.S. – Peru Trade Promotion Agreement], suggests no major disruptions, allowing for consistent export flows without new tariff concerns.

Table: Peru Zinc Ores (HS 260800) Key Buyer Companies (Source: yTrade)

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Peru Zinc Ores (HS 260800) 2025 Q2 Export: Action Plan for Zinc Ores Market Expansion

Strategic Supply Chain Overview

The Peru Zinc ores Export 2025 Q2 under HS Code 260800 operates as a high-value commodity trade. Price is driven by product quality and China's dominant demand. The high unit price of 1.07 USD/kg confirms exports are premium-grade concentrates, not raw ore. This specialization grants pricing power. Supply chain implications focus on supply security for China's industrial base and Peru's role as a processing hub for value-added ores. Over-reliance on one buyer and one product grade creates vulnerability to demand shifts or trade policy changes.

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

• Monitor China's purchase frequency and volume using trade data to anticipate demand cycles and optimize production scheduling. This prevents overstock and capitalizes on peak pricing periods.
• Use buyer segmentation data to identify and engage high-value, low-frequency buyers for bulk spot deals. This diversifies revenue streams and reduces dependency on dominant partners.
• Track real-time shipping data for zinc ores under HS Code 260800 to alternative markets like Spain or Japan. This secures backup buyers and hedges against geopolitical or trade disruptions.
• Analyze sub-code unit price differentials to maintain quality control for the premium 2608000090 category. This protects pricing power and market reputation for high-grade exports.
• Review rules of origin under trade agreements like the U.S.-Peru PTA to ensure tariff-free access remains stable. This avoids unexpected cost increases and maintains competitive advantage.

Take Action Now —— Explore Peru Zinc ores Export Data

Frequently Asked Questions

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

The Q2 surge in Peru's zinc ore exports is driven by a 30% value and 27% volume increase, reflecting seasonal industrial demand growth and stable trade terms under the U.S.-Peru Trade Promotion Agreement.

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

China dominates with 57.08% of export value, followed by Spain and Japan as secondary buyers, while Brazil and Canada represent smaller niche markets.

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

The price gap stems from Peru’s extreme specialization in high-grade zinc concentrates (sub-code 2608000090 at 1.07 USD/kg), which China prioritizes over lower-priced raw ores (0.17 USD/kg).

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

Exporters should prioritize relationships with dominant high-value buyers (91% of trade) while diversifying to mitigate over-reliance on China, leveraging stable EU trade terms for Spain.

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

China’s bulk purchases ensure steady supply, but niche buyers like Spain and Japan benefit from consistent access to high-grade concentrates for specialized industrial needs.

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

Peru’s zinc ores are primarily processed into concentrates for industrial applications, such as smelting and alloy production, driven by global manufacturing and construction demand.

Detailed Monthly Report

Peru HS260800 Export Snapshot 2025 APR

Peru HS260800 Export Snapshot 2025 MAY

Peru HS260800 Export Snapshot 2025 JUN