Flag South Korea / Peru Flag

Exports Flag β†’ Flag  (2018): $889M, Rnk 59 / 210

Top Product Flag β†’ Flag (2018): $204M, Cars

Exports Flag β†’ Flag (2018): $2.47B, Rnk 4 / 178

Top Product Flag β†’ Flag (2018): $811M, Copper Ore

Economic Complexity of Flag (2018): ECI 1.85, Rnk 5 / 137

Economic Complexity of Flag (2018): ECI -0.6, Rnk 94 / 137

GDP Flag (2018): $1.62T, CURRENT US$
Rnk 12 / 196

GDP GROWTH Flag (2008-2018): 61.6%, CURRENT US$
Rnk 69 / 196

GDP Flag (2018): $222B, CURRENT US$
Rnk 49 / 196

GDP GROWTH Flag (2008-2018): 84.2%, CURRENT US$
Rnk 45 / 196

GDP PC Flag (2018): $31,363, CURRENT US$
Rnk 34 / 196

GDP PC GROWTH Flag (2008-2018): 53.5%, CURRENT US$
Rnk 42 / 196

GDP PC Flag (2018): $6,941, CURRENT US$
Rnk 95 / 196

GDP PC GROWTH Flag (2008-2018): 64.5%, CURRENT US$
Rnk 32 / 196

South Korea-Peru: In 2018, South Korea exported $889M to Peru. The main products exported from South Korea to Peru were Cars ($204M), Refined Petroleum ($89.3M), and Delivery Trucks ($47.2M). During the last 23 years the exports of South Korea to Peru have increased at an annualized rate of 6%, from $233M in 1995 to $889M in 2018.

Peru-South Korea: In 2018, Peru exported $2.47B to South Korea. The main products exported from Peru to South Korea were Copper Ore ($811M), Zinc Ore ($413M), and Lead Ore ($359M). During the last 23 years the exports of Peru to South Korea have increased at an annualized rate of 14.1%, from $120M in 1995 to $2.47B in 2018.

Comparison: In 2018, South Korea ranked 5 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($617B). That same year, Peru ranked 94 in the Economic Complexity Index (ECI -0.6), and 53 in total exports ($48.5B). In terms of GDP Per Capita, South Korea was ranked 34 with a GDP Per Capita of $31,363, and Peru was ranked 95 with a GDP Per Capita of $6,941.

Bilateral Trade by Products

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Depth
Value

In 2018, South Korea exported $889M to Peru. The main products exported from South Korea to Peru were Cars ($204M), Refined Petroleum ($89.3M), and Delivery Trucks ($47.2M). During the last 23 years the exports of South Korea to Peru have increased at an annualized rate of 6%, from $233M in 1995 to $889M in 2018.

In 2018, Peru exported $2.47B to South Korea. The main products exported from Peru to South Korea were Copper Ore ($811M), Zinc Ore ($413M), and Lead Ore ($359M). During the last 23 years the exports of Peru to South Korea have increased at an annualized rate of 14.1%, from $120M in 1995 to $2.47B in 2018.

Market Competitiveness

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Measure

South Korea
Top Destination
: China, $160B

Peru
Top Destination
: China, $13.3B

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 2018, countries that imported more from South Korea than Peru were China ($160B), United States ($73.1B), and Vietnam ($48.6B).

In 2018, countries that imported more from Peru than South Korea were Switzerland ($2.14B), Bolivia ($670M), and Bulgaria ($292M).

Comparative Advantage South Korea - Peru

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Depth

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

During 2018, South Korea had a large net trade with Peru in the exports of Transportation ($304M), Plastics and Rubbers ($132M), and Machines ($130M).

During 2018, Peru had a large net trade with South Korea in the exports of Mineral Products ($2.06B), Vegetable Products ($135M), and Foodstuffs ($125M).

Tariff Section

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This sections 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 2018, 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%).

Explore Tariff Data

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

Trade Forecasts

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This section shows a forecast for total trade between South Korea and Peru. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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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.