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Pricing

2023
Flag → Flag
Exports $1.21BRnk 25 / 215
2023
Flag → Flag
Top Product $513MWheat
2023
Flag → Flag
Exports $3.24BRnk 3 / 177
2023
Flag → Flag
Top Product $2.46BGold
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
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Economic Complexity (ECI) ECI -0.61Rnk 90 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
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GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
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 GDP$268BCURRENT US$
Rnk 49 / 195
2013-2023
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GDP GROWTH33%CURRENT US$
Rnk 108 / 195
2023
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GDP PC $53,431CURRENT US$
Rnk 22 / 195
2013-2023
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GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195
2023
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GDP PC$7,907CURRENT US$
Rnk 97 / 196
2013-2023
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GDP PC GROWTH17.2%CURRENT US$
Rnk 111 / 195

About

Canada-Peru Trade: In 2023, Canada exported $1.21B to Peru. The main products that Canada exported to Peru were Wheat ($513M), Refined Petroleum ($283M), and Dried Legumes ($61.7M). Over the past 5 years the exports of Canada to Peru have increased at an annualized rate of 11%, from $715M in 2018 to $1.21B in 2023.

In 2020, Canada exported services to Peru worth $35M, with Computer and information services ($17.9M), Communications services ($15.7M), and Financial services ($746k) being the largest in terms of value.

Peru-Canada Trade: In 2023, Peru exported $3.24B to Canada. The main products that Peru exported to Canada were Gold ($2.46B), Zinc Ore ($113M), and Grapes ($104M). Over the past 5 years the exports of Peru to Canada have increased at an annualized rate of 10.3%,  from $998M in 2018 to $3.24B in 2023.

In 2023, Peru did not export any services to Canada.

Comparison: In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). That same year, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B).

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$165M and imported C$475M from Peru, resulting in a negative trade balance of C$310M. Between November 2023 and November 2024 the exports of Canada have increased by C$97.6M (146%) from C$66.9M to C$165M, while imports increased by C$40.2M (9.26%) from C$434M to C$475M.

Trade In November 2024, the top exports of Canada to Peru were Wheat (C$100M), Refined Petroleum (C$49.1M), Oats (C$3.5M), Dried Legumes (C$3.36M), and Excavation Machinery (C$2.25M). In November 2024 the top imports of Canada from Peru were Gold (C$235M), Grapes (C$43.3M), Other Fruits (C$10.2M), Tropical Fruits (C$8.43M), and Coffee (C$5.91M).

Origins In November 2024 the exports of Canada were mainly from Alberta (C$73.7M), Saskatchewan (C$44.5M), Ontario (C$20.6M), Manitoba (C$15.2M), and Quebec (C$6.94M), while imports destinations were mainly Ontario (C$343M), Quebec (C$93.4M), British Columbia (C$26.2M), Alberta (C$4.89M), and New Brunswick (C$2.3M).

Growth In November 2024, the increase in Canada's year-by-year exports to Peru was explained primarily by an increase in product exports in Wheat (C$76.2M or 319%), Refined Petroleum (C$8.76M or 21.7%), and Excavation Machinery (C$1.75M or 348%). In November 2024, the increase in Canada's year-by-year imports  from Peru was explained primarily by an increase in product imports  in Gold (C$51M or 27.8%), Grapes (C$18.4M or 74.3%), and Tropical Fruits (C$5.17M or 159%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)C$97.6M(146%)
IMPORT GROWTH (November 2023 - November 2024)C$40.2M(9.26%)
MAIN EXPORTER (November 2024)AlbertaC$73.7M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Peru and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Peru and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $1.21B to Peru. The main products exported from Canada to Peru were Wheat ($513M), Refined Petroleum ($283M), and Dried Legumes ($61.7M). During the last 5 years the exports of Canada to Peru have increased at an annualized rate of 11%, from $715M in 2018 to $1.21B in 2023.

In 2018, Peru exported $3.24B to Canada. The main products exported from Peru to Canada were Gold ($2.46B), Zinc Ore ($113M), and Grapes ($104M). During the last 5 years the exports of Peru to Canada have increased at an annualized rate of 10.3%, from $998M in 2023 to $3.24B in 2018.

Exports from Canada (Flag) to Peru (Flag) (2023)

Exports from Peru (Flag) to Canada (Flag) (2023)

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
Peru
Top DestinationChina$22.5B

This map shows whether countries import more from Canada or Peru. Each country is colored based on the difference in imports they receive from Canada and Peru or the difference in the growth in imports.

In 2023, countries that imported more from Canada than Peru included United States ($410B), United Kingdom ($18B), and Japan ($13.4B).

In 2023, countries that imported more from Peru than Canada included Chile ($1.92B), Bolivia ($543M), and Ecuador ($1.12B).

Difference in imports from Peru (Flag) and Canada (Flag) (2023)

Comparative Advantage Canada - Peru

Flow
Scale

This chart compares trade between Canada and Peru by product, considering products traded by both, Canada and Peru.

During 2023, Canada had a large net trade with Peru in the exports of Vegetable Products ($602M), Mineral Products ($291M), and Machines ($105M).

During 2018, Peru had a large net trade with Canada in the exports of Precious Metals ($2.47B), Vegetable Products ($379M), and Mineral Products ($174M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Peru+$10.6MCars
Top Product Potential Peru Canada+$61.9MCopper Ore

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Canada and Peru. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Peru. Similarly, a dot/product with the flag of Peru indicates it has a comparative advantage over Canada.

Product Space of Canada (Flag) and Peru (Flag) (2023)

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