2023
Flag  
GDP
$336BCURRENT US$
Rnk 46 / 195
2013-2023
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GDP GROWTH
21%CURRENT US$
Rnk 139 / 195
2023
Flag
 GDP
$268BCURRENT US$
Rnk 49 / 195
2013-2023
Flag
GDP GROWTH
33%CURRENT US$
Rnk 108 / 195
2023
Flag
GDP PC 
$17,068CURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP PC GROWTH
8.83%CURRENT US$
Rnk 137 / 195
2023
Flag
GDP PC
$7,907CURRENT US$
Rnk 97 / 196
2013-2023
Flag
GDP PC GROWTH
17.2%CURRENT US$
Rnk 111 / 195

About

Chile-Peru Trade: In 2023, Chile exported $1.45B to Peru. The main products that Chile exported to Peru were Other Steel Bars ($159M), Petroleum Gas ($60M), and Stone Processing Machines ($53.1M). Over the past 5 years the exports of Chile to Peru have decreased at an annualized rate of 1.45%, from $1.56B in 2018 to $1.45B in 2023.

In 2009, Chile exported services to Peru worth $391M, with Transportation ($245M), Other business services ($73M), and Travel ($57.6M) being the largest in terms of value.

Peru-Chile In N/A, Peru did not export any products to Chile.

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

Comparison: In 2023,  Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B). That same year, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chile exported $1.45B to Peru. The main products exported from Chile to Peru were Other Steel Bars ($159M), Petroleum Gas ($60M), and Stone Processing Machines ($53.1M). During the last 5 years the exports of Chile to Peru have decreased at an annualized rate of 1.45%, from $1.56B in 2018 to $1.45B in 2023.

Peru does not register exports to Chile. The main products exported from Peru to Chile were Molybdenum Ore ($549M), Sulfuric Acid ($175M), and Refined Petroleum ($99.4M).

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

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

Market Competitiveness

Color
Chile
Top Destination
China$38.2B
Peru
Top Destination
China$22.5B

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

In 2023, countries that imported more from Chile than Peru included China ($38.2B), United States ($15.7B), and Japan ($7.1B).

In 2023, countries that imported more from Peru than Chile included Switzerland ($2.42B), Canada ($3.24B), and India ($2.62B).

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

Comparative Advantage Chile - Peru

Flow
Scale

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

During 2023, Chile had a large net trade with Peru in the exports of Metals ($299M), Chemical Products ($188M), and Machines ($174M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Peru+$10.7MRefined Petroleum
Top Product Potential Peru Chile+$93.8MRefined Petroleum

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 Chile and Peru. This means that a dot/product with the flag of Chile indicates it has a comparative advantage over Peru. Similarly, a dot/product with the flag of Peru indicates it has a comparative advantage over Chile.

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

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