Flag Mexico / Peru Flag

Exports FlagFlag  (2018): $1.81B, Rnk 17 / 196

Top Product FlagFlag (2018): $345M, Video Displays

Exports FlagFlag (2018): $463M, Rnk 19 / 178

Top Product FlagFlag (2018): $77M, Refined Petroleum

Economic Complexity of Flag (2018): ECI 1.13, Rnk 21 / 137

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

GDP Flag (2018): $1.22T, CURRENT US$
Rnk 15 / 196

GDP GROWTH Flag (2008-2018): 9.97%, CURRENT US$
Rnk 144 / 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): $9,673, CURRENT US$
Rnk 79 / 196

GDP PC GROWTH Flag (2008-2018): -3.43%, CURRENT US$
Rnk 159 / 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

Mexico-Peru: In 2018, Mexico exported $1.81B to Peru. The main products exported from Mexico to Peru were Video Displays ($345M), Cars ($152M), and Tractors ($133M). During the last 23 years the exports of Mexico to Peru have increased at an annualized rate of 9.05%, from $246M in 1995 to $1.81B in 2018.

Peru-Mexico: In 2018, Peru exported $463M to Mexico. The main products exported from Peru to Mexico were Refined Petroleum ($77M), Copper Ore ($30.6M), and Pepper ($30.4M). During the last 23 years the exports of Peru to Mexico have increased at an annualized rate of 6.39%, from $111M in 1995 to $463M in 2018.

Comparison: In 2018, Mexico ranked 21 in the Economic Complexity Index (ECI 1.13), and 11 in total exports ($441B). 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, Mexico was ranked 79 with a GDP Per Capita of $9,673, 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, Mexico exported $1.81B to Peru. The main products exported from Mexico to Peru were Video Displays ($345M), Cars ($152M), and Tractors ($133M). During the last 23 years the exports of Mexico to Peru have increased at an annualized rate of 9.05%, from $246M in 1995 to $1.81B in 2018.

In 2018, Peru exported $463M to Mexico. The main products exported from Peru to Mexico were Refined Petroleum ($77M), Copper Ore ($30.6M), and Pepper ($30.4M). During the last 23 years the exports of Peru to Mexico have increased at an annualized rate of 6.39%, from $111M in 1995 to $463M in 2018.

Market Competitiveness

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Measure

Mexico
Top Destination
: United States, $340B

Peru
Top Destination
: China, $13.3B

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

In 2018, countries that imported more from Mexico than Peru were United States ($340B), Canada ($18.3B), and Germany ($7.83B).

In 2018, countries that imported more from Peru than Mexico were China ($13.3B), Switzerland ($2.14B), and India ($2.49B).

Comparative Advantage Mexico - Peru

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Depth

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

During 2018, Mexico had a large net trade with Peru in the exports of Machines ($671M), Transportation ($353M), and Chemical Products ($242M).

During 2018, Peru had a large net trade with Mexico in the exports of Mineral Products ($128M), Vegetable Products ($82.1M), and Plastics and Rubbers ($58.2M).

Tariff Section

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

In 2017, the products from Mexico that paid the highest import tariffs to enter Peru were Meat and edible offal: of fowls of the species Gallus domesticus, not cut in pieces, fresh or chilled (75%) and Meat and edible offal: of fowls of the species Gallus domesticus, not cut in pieces, frozen (75%).

In 2018, the products from Peru that paid the highest import tariffs to enter Mexico were Coffee, not roasted, not decaffeinated (11%) and Coffee, not roasted, decaffeinated (11%).

Explore Tariff Data

*The tariffs present between Mexico and Peru are:
69: AAP.CE Nº 67 Acuerdo de integración Comercial entre los Estados Unidos Mexicanos y la República del Perú
82: AR.CEYC N° 7 Acuerdo de Cooperación e Intercambio en las Áreas Cultural, Educacional y Científica (Argentina, Bolivia, Brasil, Chile, Colombia, Cuba, Ecuador, México, Panamá, Paraguay, Perú, Uruguay)
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 Mexico 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 Mexico has comparative advantage over Peru. Similarly, the more red a dot/product is, the more Peru has comparative advantage over Mexico.