Flag South Korea / Peru Flag

2020
FlagFlag
Exports
: $570M, Rnk 63 / 218

2020
FlagFlag
Top Product
: $51.7M, Blood, antisera, vaccines, toxins and cultures

2020
FlagFlag
Exports
: $2.71B, Rnk 3 / 175

2020
FlagFlag
Top Product
: $954M, Copper Ore

2020
Flag
Economic Complexity (ECI)
: ECI 1.88, Rnk 5 / 127

2020
Flag
Economic Complexity (ECI)
: ECI -0.68, Rnk 89 / 127

2020
Flag  
GDP
: $1.64T, CURRENT US$
Rnk 10 / 195

2010-2020
Flag
GDP GROWTH
: 43.2%, CURRENT US$
Rnk 69 / 195

2020
Flag
 GDP
: $202B, CURRENT US$
Rnk 50 / 195

2010-2020
Flag
GDP GROWTH
: 36.9%, CURRENT US$
Rnk 82 / 195

2020
Flag
GDP PC 
: $31,631, CURRENT US$
Rnk 32 / 195

2010-2020
Flag
GDP PC GROWTH
: 37%, CURRENT US$
Rnk 45 / 195

2020
Flag
GDP PC
: $6,127, CURRENT US$
Rnk 94 / 195

2010-2020
Flag
GDP PC GROWTH
: 20.6%, CURRENT US$
Rnk 87 / 195

South Korea-Peru In 2020, South Korea exported $570M to Peru. The main products that South Korea exported to Peru are Blood, antisera, vaccines, toxins and cultures ($51.7M), Delivery Trucks ($40.5M), and Cars ($40.3M). During the last 25 years the exports of South Korea to Peru have increased at an annualized rate of 3.71%, from $229M in 1995 to $570M in 2020.

In 2020, South Korea did not export any services to Peru.

Peru-South Korea In 2020, Peru exported $2.71B to South Korea . The main products that Peru exported to South Korea were Copper Ore ($954M), Petroleum Gas ($681M), and Lead Ore ($351M). During the last 25 years the exports of Peru to South Korea have increased at an annualized rate of 13.2%, from $122M in 1995 to $2.71B in 2020.

In 2020, Peru did not export any services to South Korea.

Comparison In 2020,  South Korea ranked 5 in the Economic Complexity Index (ECI 1.88), and 5 in total exports ($531B). That same year, Peru ranked 89 in the Economic Complexity Index (ECI -0.68), and 53 in total exports ($40.5B).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value
Compare to

In 2020, South Korea exported $570M to Peru. The main products exported from South Korea to Peru were Blood, antisera, vaccines, toxins and cultures ($51.7M), Delivery Trucks ($40.5M), and Cars ($40.3M). During the last 25 years the exports of South Korea to Peru have increased at an annualized rate of 3.71%, from $229M in 1995 to $570M in 2020.

In 2020, Peru exported $2.71B to South Korea. The main products exported from Peru to South Korea were Copper Ore ($954M), Petroleum Gas ($681M), and Lead Ore ($351M). During the last 25 years the exports of Peru to South Korea have increased at an annualized rate of 13.2%, from $122M in 1995 to $2.71B in 2020.

Market Competitiveness

#permalink to section
Measure

South Korea
Top Destination
: China, $131B

Peru
Top Destination
: China, $11.3B

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

In 2019, countries that imported more from South Korea than Peru were China ($131B), United States ($75B), and Vietnam ($48B).

In 2019, countries that imported more from Peru than South Korea were Bolivia ($535M), Switzerland ($1.44B), and Ecuador ($645M).

Comparative Advantage South Korea - Peru

#permalink to section
Flow

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

During 2020, South Korea had a large net trade with Peru in the exports of Chemical Products ($131M), Transportation ($110M), and Machines ($104M).

During 2020, Peru had a large net trade with South Korea in the exports of Mineral Products ($2.26B), Metals ($120M), and Vegetable Products ($115M).

Tariff Section

#permalink to section

This section shows import tariffs for products traded between South Korea and Peru (using the HS6 product classification and the last year reported).

In 2018, the products from South Korea that paid the highest import tariffs to enter Peru were Vegetable saps and extracts nes (754%)and Food preparations nes (754%).

In 2019, the products from Peru that paid the highest import tariffs to enter South Korea were Bovine carcasses and half carcasses, fresh or chilled (9.3%)and Bovine carcasses and half carcasses, frozen (9.3%).

*The tariffs present between South Korea and Peru are:
136: Most Favoured Nation duty rate treatement
289: Preferential tariff for Peru

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more South Korea has comparative advantage over Peru. Similarly, the more red a dot/product is, the more Peru has comparative advantage over South Korea.